| Thu 11 Sep 2008, 17:21 | | RDI - Rockwell Recovers 189.6 Carat White Diamond From Its Klipdam Mine |
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RDI
RDI
RDI - Rockwell Recovers 189.6 Carat White Diamond From Its Klipdam Mine
ROCKWELL DIAMONDS INCORPORATED
(A company incorporated in accordance with the laws of British Columbia,
Canada)
(Incorporation number BCO354545)
(Formerly Rockwell Ventures Inc.)
(South African registration number: 2007/031582/10)
Share code on the JSE Limited: RDI ISIN: CA77434W1032
Share code on the TSX: RDI CUSIP Number: 77434W103
Share code on the OTCBB: RDIAF
("Rockwell")
Rockwell recovers 189.6 carat white diamond from its klipdam mine
Holpan yields a 1.13 carat intense blue flawless diamond
September 11, 2008 - Vancouver, B.C. - Rockwell Diamonds Inc ("Rockwell"
or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) reports on the
recovery of an exceptional 189.6-carat gemstone diamond from its Klipdam
mining operation north of Kimberley in the Northern Cape Province of
South Africa.
This Large And Exceptional Gemstone Diamond Is Oval In Shape, Somewhat
Flattened And Strongly Resorbed, And Shows Features Typical Of Top
Colour High Value Type-2 Gemstones. Stones Of This Quality Have
Previously Been Recovered From The Company`s Operations As Well As Mines
Such As Gem Diamonds` Letseng Operation In Lesotho. The 189.6-Carat
Rockwell Stone Is Presently Subject To Analysis And Valuation. Initial
Indications Suggest That The Diamond Is D Color With The Potential Of A
Very High Recovery Polished Product. Aside From Sparse Black Inclusions
On The One Side Of The Rough Diamond, The Heart Of The Stone Appears To
Be Clean And Could Result In A Final Polished Diamond Of Considerable
Value.
The Company Has Also Recovered A Small But Rare 1.13-Carat Intense Blue
Flawless Diamond From The Same Klipdam Mine. Rockwell Is Considering Its
Options In Respect Of Marketing This Stone Which Has Been Submitted For
Appraisal And Valuation. Klipdam Has Produced Rare Fancy Stones In The
Past, Including A 7.28-Carat Intense Flawless Pink Stone Which Was Sold
In November 2007 For Us$145,000 Per Carat. The Company Also Continues To
Recover Intense And Vivid Yellow Coloured Diamonds Regularly From This
And Its Adjacent Holpan Operation, As Well As The Company`s Wouterspan
And Saxendrift Operations On The Middle Orange River.
President And Ceo John Bristow Noted "We Are Ecstatic With The Recovery
Of A Yet Another Large Stone Of Exceptional Size And Colour At Klipdam.
The Recovery Of The 189.6-Carat Stone Is Compatible With Our Statistical
Predictions That Diamonds Of Greater Than 100 Carats In Size Are An
Inherent Part Of The Diamond Population Found In These Unique Alluvial
Deposits. Four Plus 100 Carat Stones Have Now Been Recovered From The
Site. We Look Forward To Receiving An Independent Appraisal And
Valuation Of This New Stone. Recovery Of A Small Blue Diamond From
Klipdam, The Same Locality Where We Recovered A 7.28-Carat Pink Stone In
Late 2007, Further Highlights The Unique Nature And Frequency With Which
This Deposit Yields Both Large And Fancy Stones Of Exceptional Value."
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 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 The 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 20-F Filing With The United States Securities And Exchange
Commission Www.Sec.Com And Its Home Jurisdiction Filings That Are
Available At Www.Sedar.Com.
Johannesburg
11 September 2008
Sponsor
Sasfin Capital (A Division Of Sasfin Bank Limited)
Date: 11/09/2008 17:21:14 Produced by the JSE SENS Department.
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