August 07, 2007 Rockwell Achieves Excellent Prices In Its July Diamond Tender:
Receives average value of US$1,676 per carat for 2,196 carats
August 7, 2007, Vancouver, BC -- Rockwell Diamonds Inc ("Rockwell" or the "Company") (TSXV: RDI; OTCBB: RDIAF) reports on its diamond tender sales completed on July 26, 2007.
The average price achieved by the Company for the sale was US$1,676 per carat on total revenue of US$3,682,211. Consistently high prices were received for diamonds from all three of the Company's operations, with strong demand and excellent US Dollar per carat values being achieved for stones larger than 3 carats. The Company again achieved prices higher than the reserve prices set on all its goods.
AVERAGE PRICE (US$ PER CARAT)
The largest diamond sold on the tender was a 61-carat G colour stone from Holpan. The parcel also included 22 stones in the 10 to 20 carat size range and 3 stones in the 20 to 30 carat size range, including a 32.84 carat stone from Holpan and a 40.90 carat stone from Klipdam.
President and COO John Bristow noted that "The July tender represented 28 days of production. Again, it was satisfying to achieve strong prices from all Rockwell's operations. The high quality of diamond production and related excellent diamond prices achieved from Holpan and Klipdam in recent months has been particularly satisfying."
For further details on Rockwell Diamonds Inc., please visit the Company's website at www.rockwelldiamonds.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
John Bristow President and COO
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