Rockwell Diamonds Announces 23% Improved Revenue From Sales; Shrs Near Yr Lows

By Midnight Trader,  January 02, 2013, 09:14:07 AM EDT

Rockwell Diamonds Inc. (RDI.TO), which is trading near year lows, today announced a 23% improved revenue from diamond sales, before any sales from beneficiation, for the third quarter fiscal 2013 compared to the same period last year.

Total proceeds of US$7.4 million were generated compared to US$6.0 million for the same period a year ago and US$ 6.8 million for the second quarter. A total of 4,043 carats were sold at average price of US$1,821 per carat; and although the number of carats sold was 25% lower, the sale of several high quality stones underpinned the 64% increase in the average price per carat over a year ago.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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