Rockwell turnaround still 'work in progress', says CEO

Alluvial gem miner Rockwell Diamonds said on Friday the loss of $13.7-million for the 2012 financial year reflected the impact of the strategic decisions that were taken to place the company on solid footing. This formed part of Rockwell’s...

Rockwell Diamonds nets $6m in Q4 sales

Alluvial gem miner Rockwell Diamonds generated $6-million from the sale of 5 795 ct in fourth quarter, the company reported on Wednesday. The company achieved an average price of $1 041/ct, which compares with $1 430/ct in the final quarter of...

Resources Watch

This week: Government-enforced stoppages deny Amplats 109 000 nonfatal ounces. DRDGold looks forward to being a ‘gold factory’. And, expected strong fundamentals augur well for Rockwell Diamonds’ future growth.

Diamond junior says expected strong fundamentals augur well for future growth

South African diamond-miner Rockwell Diamonds’ future development strategy and long-term expansion plans will rely on a combination of consistent carat production, successful proof of concept technology testing at its mines in the Northern Cape...

Polished Saxendrift diamond fetches $232 000/ct in Hong Kong

A 37.55 ct polished investment diamond from the Saxendrift mine in South Africa has fetched $232 000 a carat on auction in Hong Kong, Rockwell Diamonds said on Monday. The diamond formed one of a pair of matching D-colour, flawless clarity diamonds.

Rockwell completes C$7.8m placement

TSX- and JSE-listed Rockwell Diamonds on Wednesday announced that it had completed a private share placement, raising C$7.8-million. The funds were raised primarily from a number of institutional investors from North America, Europe and South...

Rockwell recovers more large stones at South African mines

Alluvial diamond-miner Rockwell Diamonds has uncovered a further four stones in excess of 50 ct each at its South African operations between the middle of August and the middle of September. The company, led by CEO and president John Bristow,...

Rockwell sees rough diamond market strengthening

JSE- and TSX-listed Rockwell said on Wednesday that the company was encouraged by the strength of the rough diamond market in the first six months of the year, but anticipated a slight slowdown in sales during the forthcoming Europe and North...

Rockwell completes majority of planned financing

TSX- and JSE-listed Rockwell Diamonds has completed about $7,4-million of its planned $12,5-million of financing, the mining company reported on Wednesday. Rockwell stated that it planned to increase its original $12,5-million financing by about...

Rockwell says will raise up to C$12,5m

Vancouver-based Rockwell Diamonds has plans in place to raise as much as C$12,5-million through a rights offering and by selling shares in a private placement, including to a new Chinese investor, the firm said on Wednesday. The company, which...

Rockwell achieves higher prices in mid-November sale

JSE- and TSX-listed Rockwell Diamonds achieved an average price of $1 434/ct in the diamond sale concluded in mid-November, representing an increase of about 20% over the average price achieved in the latter part of July. Sales and revenues...

Rockwell finds three coloured stones at SA mine

TSX- and JSE-listed diamond producer Rockwell Diamonds has recovered three coloured stones from the Saxendrift alluvial diamond mine, in South Africa. The three stones recovered during October, comprise a salmon-pink stone of 30,54 ct and two...