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Rockwell Diamonds Inc is a diamond mining company. It is engaged in the business of diamond production and the acquisition and exploration of natural resource properties. It is engaged in the mining of palaeo channels and rooikoppie gravels and the recovery of high value and larger karat size diamonds. The company holds interests in Wouterspan, Saxendrift, Niewejaarskraal, and Remhoogte... see more

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Rockwell Diamonds Inc > 60 carat confirmation

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Post by SOBARS on May 03, 2017 4:10pm

60 carat confirmation

from Stockwatch.....In that respect, the company confirms that the Wouterspan plant is now in the ramp-up stage after commissioning. Last week, one of the diamonds recovered was a 60-carat stone, which sold for $8,000 (U.S.) per carat.

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Comment by knicksman on May 04, 2017 10:54am

The fundamentals of the company are certainly improving. The diamond is worth $500k. That's nearly one fifth of the market cap. The company should net half of that (I believe) with the other half going to their partner. These large diamonds are "typical" for Wouterspan, I believe. The company should find these regularly. I believe the company is processing at a rate of between 80k to ...more

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Rockwell Diamonds Inc