UPDATE: Rockwell Diamonds Announces 23% Improved Revenue From Sales; Shrs Rise 10%, But Still Near Yr Lows
Rockwell Diamonds Inc. (RDI.TO), which is trading near year lows, has risen 10% today as it 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.
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