Rockwell Diamonds is planning increase in production

Rockwell Diamonds is planning increase in production

The company wants to acquire firms in South Africa

Observing the recovery in the diamond market and the growing diamond demand from countries like India and China, Rockwell Diamonds Inc. is considering increasing its production through acquisitions. Reports add that the company is looking at acquisitions in South Africa as the opportunity is cost effective and would enhance production.

The company is also working at raising funds to meet its current production needs and to fructify its acquisition plans, reports say. The company had closed production at its four mines at the time of the economic slowdown last year, but it now is considering resuming production at all its four mines. It would however keep its Wouterspan site under maintenance, reports add.


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