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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
ALROSA 145-Ct Diamond
ALROSA Repays Loans to VTB Bank
ALROSA has paid off $600 million of loans to VTB Bank aheadof their repayment date, the Russian miner said on Tuesday.The company received the loans from VTB in 2012. In 2014, theywere extended until October...
Mining Mar 01, 2017 Rapaport News
Rough and Loupe`
Analyst Upbeat on Diamond Market
VTB Capital raised its price target for ALROSA shares as buoyant holiday sales are expected to result in a wave of restocking amongretailers.The investment bank increased its 12-month target to $2.30(RUB 140) from $1.73 (RUB 105),...
Mining Dec 14, 2016 Rapaport News
alrosa
ALROSA Starts Work on New Zarya Mine
ALROSA has started developing the Zarya pipe, a new depositin its Aikhal Mining and Processing Division, forking out an estimated initialinvestment of $149 million (RUB 9.8 billion).The mine is expected to reach a targeted capacity of 1million...
Mining Jun 13, 2016 Rapaport News
Standard Chartered
Standard Chartered Seeks to Curb $2B Diamond Exposure
Standard Chartered is demanding its clients in the Indianand Belgian diamond trade get more loan protection in a bid to tighten standardsafter lending about $2 billion to the industry, Bloomberg reported.TheLondon-based bank, one of the biggest lenders to the...
Financial-Legal Mar 24, 2016 Rapaport News
Paragon Diamonds
UK’s Paragon Shares Suspended Amid Financial ‘Uncertainty’
Paragon Diamonds Limited, listed on the UK’s AlternativeInvestment Market, has had trading in its shares temporarily suspended amid“material uncertainty” over its financial position, the London Stock Exchange confirmed in a statement November 16.The miner...
Mining Nov 17, 2015 Rapaport News
lazare kaplan
Lazare Kaplan Postpones SEC Filings as Loan Claims Continue
Lazare Kaplan International has delayed the filing of its annual report for fiscal 2015 with the U.S. Securities and Exchange Commission, according to a notice from the agency. The New York-based diamond manufacturer...
Financial-Legal Sep 02, 2015 Rapaport News
birks mayors
Birks Group Secures a $33M Loan
Crystal Financial LLC, a portfolio company of Solar Capital Ltd., closed a $33 million second-lien term loan for jewelry retailer Birks Group that matures in August 2018. Crystal Financial operates as an independent commercial finance company,...
Financial-Legal Dec 17, 2014 Jeff Miller
gahcho kue
Mountain Province Appoints Banks for $370M Facility
Mountain Province Diamonds Inc. selected three banking institutions to arrange and underwrite a senior secured term loan facility of up to $370 million to fund the company's share of construction costs at the Gahcho Kué diamond mine located...
Financial-Legal Jul 28, 2014 Jeff Miller
jcpenney jewelry
JCPenney Calls CIT Report Untrue
J. C. Penney Company Inc. claimed that CIT continues to support its suppliers, contrary to news reports from yesterday, which sent the retailer's shares plummeting about 12 percent. CIT continues to factor and support deliveries from...
Financial-Legal Aug 01, 2013 Jeff Miller
Zales Store
Zale Secures a New $665M Credit Arrangement
Zale Corporation secured a new $665 million credit facility, which includes an amended and extended $650 million revolving credit facility and new $15 million first-in, last-out (FILO) funds. The retailer utilized increased...
Financial-Legal Jul 24, 2012 Jeff Miller
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