Rockwell Diamonds'
diamond sales jumped 23 percent on the year in the third quarter that
ended November 30 to US$7.4 million from US$6 million a year earlier.
The South Africa-focused miner said it sold 4,043 carats at an average price per carat of US$1,821 during the three-month period.
The
firm sold 25 percent fewer diamonds in the quarter from the
year-earlier period, however the inclusion of a number of high-quality
stones weighing more than 50 carats led to a 64-percent rise in price
per carat.
The
company continued to produce large stones at all its operations, with
51 stones heavier than 10 carats being recovered during the third
quarter.
"The
23 percent year-on-year increase in diamond sales for the third quarter
is a step in the right direction, reflecting improved operational
efficiency and enhanced by several rare and high quality stones that
were recovered," says Rockwell President James Campbell.
"Following
weakness during the first part of the year, the diamond market started
the third quarter on a cautious note. However, Rockwell experienced high
level of interest at final tenders for the year, underpinning a
willingness to pay slightly higher prices for our product.
"We are optimistic for this year, although the momentum of the market will be largely dependent on strong Christmas
sales and further restocking of inventories. With an inventory of 2,704
carats carried forward into the fourth quarter, we are well placed to
take advantage of any possible restocking trend."
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Sunday, January 6, 2013
ROCKWELL DIAMONDS POSTS 23% JUMP IN DIAMOND SALES IN Q3 TO $7.4M
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