Rockwell Recovers Additional Exceptional Stones From Saxendrift

* Reuters is not responsible for the content in this press release.

Thu Nov 12, 2009 8:30am EST

Steinmetz sells Rockwell vivid yellow 8.88 carat stone for excellent margin

VANCOUVER, Nov. 12 /PRNewswire-FirstCall/ - Rockwell Diamonds Inc. ("Rockwell"
or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) reports that it has
recovered three exceptional coloured stones from the Saxendrift alluvial
diamond mine in South Africa. In addition, an outstanding 8.88-carat vivid
yellow stone recovered by Rockwell earlier in 2009 has been manufactured and
sold by the Steinmetz Diamond Group ("SDG").

Recently recovered stones

Rockwell has during the month of October recovered three high-quality coloured
diamonds, comprising a salmon-pink stone of 30.54 carats and two intense fancy
yellow stones of 35.54 carats and 36.32 carats from its Saxendrift mine on the
Middle Orange River. The three stones have the following characteristics:

        -  Salmon pink stone: This 30.54-carat stone is a mixed colour,
           including pink, orange and brown. The rough diamond form is flat
           and elongated and approximates a Marquise shape in the rough. It
           is of excellent clean clarity and is a makeable stone, which
           should yield a good recovery factor in the polished product in
           spite of its flattened elongate shape.

        -  Intense fancy yellow: This 35.54-carat stone is clean and of
           excellent clarity. The shape represents a blocky form, which was
           previously octahedral, and that has had all its sides removed
           through wear and abrasion during extensive high river transport.

        -  Intense fancy yellow: This 36.32-carat stone is of excellent clean
           clarity. The shape is octahedral, although three corners are
           broken and this has left slight indentations in the stone, which
           will result in a lower recovery factor in the polished form than
           the 35.54-carat stone above.


These three stones are being processed under the beneficiation agreement with
SDG. SDG manufacturing provides value enhancement in the cut and polished
form, and thereby yielding excellent margins from the sale of the finished
product.

Manufactured stone

In early November, SDG successfully concluded the sale of an exceptional cut
and polished 8.88-carat vivid yellow diamond. This diamond was manufactured by
SDG in South Africa from a 22.74-carat, intense yellow stone from the
Saxendrift mine. As a consequence of the expert local beneficiation skills
yielded, there is enhancement in the final colour intensity of the polished
product as compared to a lighter colour in the rough diamond. Rockwell will
achieve a margin of about 43% above the original rough diamond price.
President and CEO John Bristow stated "Our Saxendrift mine continues to yield
an array of exceptional diamonds, including large stones and smaller rare
fancy stones of exceptional colour. We expect the latest coloured stones to
attract strong rough prices in an improving market.
We are also particularly pleased that, as has been the case with a significant
number of other Rockwell rough diamonds, the recently sold 8.88-carat
manufactured stone from Saxendrift was beneficiated locally by skilled South
African cutters and polishers, ensuring that Rockwell and its Partner support
the development of the local diamond beneficiation industry. Our joint venture
with SDG continues to provide Rockwell with financial benefits and has helped
the Company generate additional cash flow in tough market conditions."

    John Bristow
    President and CEO


No regulatory authority has approved or disapproved the information contained
in this news release.

Forward Looking Statements

This release includes certain statements that may be deemed "forward-looking
statements". Other than statements of historical fact all statements in this
release that address future production, reserve or resource potential,
exploration drilling, exploitation activities and events or developments that
each Company expects are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements include
market prices, exploitation and exploration successes, changes in and the
effect of government policies regarding mining and natural resource
exploration and exploitation, availability of capital and financing,
geopolitical uncertainty and political and economic instability, and general
economic, and market or business conditions. Investors are cautioned that any
such statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on Rockwell, Investors should
review Rockwell's annual Form 40-F filing with the United States Securities
and Exchange Commission www.sec.com and the Company's home jurisdiction
filings that are available at www.sedar.com.

SOURCE  Rockwell Diamonds Inc.

on Rockwell Diamonds Inc., please visit the Company's website at
ww.rockwelldiamonds.com, or contact Investor Services, at (604) 684-6365, or
within North America at 1-800-667-2114
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.