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Polished Markets
Eurostar Enters Administration as Debts Mount
Eurostar Diamond Traders has entered restructuringproceedings in Belgium, having amassed substantial debts, according to the company’scourt-appointed administrator.The Antwerp-based diamond manufacturer owes morethan $500 million to creditors across its global operations, Alain Van den...
Financial-Legal Dec 25, 2018 Joshua Freedman
Polished Diamonds
Court Dismisses Exelco’s Chapter 11 Case
A federal judge dismissed Exelco’s Chapter 11 filing inDelaware Bankruptcy Court, documents showed.Exelco, an Antwerp-based diamond manufacturer and former DeBeers sightholder, filed for Chapter 11 bankruptcy protection in September. Thecompany, which Jean-Paul Tolkowsky co-founded with...
Financial-Legal Dec 25, 2017 Rapaport News
KBC Bank
KBC Questions Exelco’s US Bankruptcy Move
KBC Bank has sought to prevent Exelco NV from continuingChapter 11 bankruptcy proceedings in the US, claiming that the case belongs inBelgium, according to court documents. Exelco NV, an Antwerp-based diamond manufacturer that owes money to KBC,...
Financial-Legal Nov 01, 2017 Rapaport News
Exelco Seeks Chapter 11 Protection in US
Antwerp-based diamond company Exelco NV has sought Chapter11 bankruptcy protection in the US, listing estimated liabilities of $50 millionto $100 million, according to court filings.The polished manufacturer estimated its assets at $10million to $50 million and...
Financial-Legal Oct 02, 2017 Rapaport News
Rough Diamonds
Bank Told to Restore Exelco Assets: Bloomberg
A court has ordered KBC Group to return the assets it seizedfrom Antwerp-based diamond firm Exelco within 24 hours, Bloomberg reportedThursday.The Belgian bank took hold of assets belonging to Exelco onJune 22, according to a separate report by the...
Financial-Legal Jul 09, 2017 Rapaport News
Bank Seizes Exelco’s Assets: Bloomberg
Belgian bank KBC Group has seized assets of Antwerp diamond firmExelco to recover unpaid loans, according to a report by Bloomberg this week.In an effort to recoup $29 million (EUR 26 million) fromExelco, the lender had bailiffs search...
Financial-Legal Jul 06, 2017 Rapaport News
signet sm
Signet Acquires Diamond Polishing Factory in Botswana
Signet Jewelers Ltd. acquired a diamond polishing factory in Gaborone, Botswana from H&A Cutting Works (Botswana) (Proprietary) Ltd., a subsidiary of Exelco International Limited. Financial terms of the deal had not been disclosed at press time....
Manufacturing Nov 13, 2013 Jeff Miller
Exelco Names Two New Executives in Antwerp
Exelco named Yonatan Ben‐Israel as senior vice president of its sales and business development divison and appointed David Abend to assist with the rollout of the company's international jewelry programs. Both appointments are based in the Antwerp office. Ben-Israel will work closely with Lior Kunstler...
Marketing Mar 18, 2011 Jeff Miller
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