| ||September 19, 2007|
Rockwell Achieves Strong Prices For Its August Diamond Tender
| ||A total of 2,713.27 carats were offered for sale at the tender, representing production from Wouterspan, Holpan and Klipdam. Of this amount, the Company sold a total of 1,547.37 carats for total revenue of US$5,202,103, or US$3,362 per carat. |
A total of 1,166 carats of original production, up to 2.5 carat stones, were also retained. An arms length valuation of US$219.65 per carat was obtained for these diamonds, representing a total amount of US$256,312. This part of the production represents 43% of carat production but only 4.7% of potential total revenue of the August production.
The effective average prices that would have been achieved for August diamond production, assuming that the lower quality stones of less than 2.5 carats had been included at the arms length valuation noted above, is indicated in the table below. The final corrected average US$ per carat sales price for August production will be revised in respect of changes that result from the sale of the less than 2.5 carat stones once this process is complete.
(US$ per carat)
You can view the Previous Diamond Sales Results item: Thu Nov 8, 2007, Rockwell Attains Good Prices For Its October Diamond Tender And Completes A Successful Sale Of Selected Small Diamonds In Antwerp
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