Rockwell Diamonds Inc. has recovered a 287-carat diamond, which is of commercial color (tinted white) and makeable in shape, from its operations in the Middle Orange River (MOR) region. As this is the fifth large stone from this resource in three months, Rockwell management says that its decision to focus operations in the MOR region is "further reinforced."
The diamond will be sold into the company's beneficiation joint venture with Steinmetz Diamonds at market value, with Rockwell participating equally in the value uplift once it has been polished and sold.
"This 287-carat diamond is only the second rough diamond exceeding 200 carats produced by Rockwell in its eight-year history and is one of the largest stones produced in the Middle Orange in recent times," says James Campbell, CEO and President.
According to Campbell, the stone was recovered from the Saxendrift Extension property, which Rockwell acquired in March 2012, and follows the recovery of four plus-100-carat diamonds in September 2013.
"These results show that our plants are correctly geared for the recovery of large diamonds that characterize the Middle Orange River region. This is also a strong validation of our strategy to grow our alluvial production volumes to 500,000m3 per month in order to produce large stones more regularly and improve Rockwell's quarterly earnings performance," Campbell adds.