Laboratory tests were conducted to study the effects of thrust or pull-down force and rotary speed on the vibration signatures of a particular drill in a known rock type, and to determine how the vibration signatures could be used to assess bit wear. The vibration signatures were analysed using a Wavelet Transform analysis technique, which decomposes the signals in multi-bands of frequency and presents the results simultaneously in time and frequency domain. Results show that as the bit wears, large fluctuations in amplitudes in the high frequency ranges occur, and prominent peaks in the low frequency ranges were observed for a worn bit. The Wavelet Transform technique provides an appropriate and effective metrics for monitoring and evaluating the state of wear as drilling progresses through the post-processing of wavelet coefficients. This study provides a basis for the development of an on-line detection technique of bit wear in rock drilling through Wavelet Transform technique or time-frequency analysis that can be used in real time.