bladewing, on 21 April 2010 - 10:50 PM, said:
Ring of Wealth does NOT affect the dragon pickaxe's droprate.
Quoting Jagex...
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The ring of wealth comes into play whenever you are rolling on the rare drop table, its ability effectively removing most of the empty slots, drastically increasing your chances of receiving an item from the rare drop table.
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(...)The rare drop table contains some of the more exclusive items in the game, including, but not limited to, dragon items(...)
Don't hang me up on this, but I'm pretty sure a dragon pickaxe is of the material dragon...
Source
Now quit it. Wealth affects it.
As for the droprate I heard 1:600-700