Rockwell Diamonds Inc. announced earnings results for the fourth quarter and full year ended February 28, 2017. For the quarter, the Group reported a 90% decrease in rough diamond revenues at CAD 987,000 from CAD 10.3 million and a decrease in beneficiation revenue to CAD 69,000 from CAD 185,000 reported in the same period last year. Total revenue reduced primarily due to cessation of mining activities at Remhoogte and Saxendrift, with the sole operation, Wouterspan, being in ramp-up phase. Loss attributable to owners of the parent of CAD 9.0 million (2016: CAD 15.0 million) was dramatically reduced by curtailing production at the two loss-making entities and substantial reductions in the cost base. For the year rough diamond sales were CAD 26.1 million, a 31 % decrease from CAD 37.7 million reported in the same period last year. This reduction was due chiefly to a 33% decrease in carat sales (18,976 carats to 12,789 carats) attributable to cessation of mining activities at Saxendrift and Remhoogte. Gross loss before amortization, depreciation and rehabilitation was CAD 3.5 million compared to a gross profit of CAD 0.7 million for the fiscal 2016. Loss attributable to owners was CAD 14.5 million compared to CAD 28.3 million for the fiscal 2016.