Rockwell Diamonds, Inc. (fka RDIAF)

[javadreams]

sounds not good!

The Company realized a loss of $6.6 million for the six month period ending August 31, 2009 compared to a net loss of $3.1 million for the comparable period in the prior year. The loss was due to the collapse in the diamond market and precipitous decline in diamond prices that commenced in the fourth quarter of fiscal 2009 due to the ongoing global credit crisis and economic recession, resulting in weakness of diamond prices through the first two quarters of fiscal 2010. There has been an overall improvement in prices of about 15 to 20% from the initial sharp fall of about 50% in the last quarter of fiscal 2009.