Markets

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.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities