WITH soaring rough diamond prices and no prospect of a significant kimberlite mine coming on stream in the next five to 10 years, investors are increasingly bullish about alluvial mining projects.

This has seen the emergence of new players capable of big advances in the scale and technical capacity of alluvial diamond mining, which was always the poor cousin of kimberlite mining.

Rockwell Diamonds is one such company, with assets under development in Northern Cape. RBC Capital Markets recently gave it an outperform rating based its ability to operate alluvial projects on a large scale, strong growth opportunities and a supply shortage in world markets to meet projected demand.

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