Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

Rockwell fails to file audited financial year-end results

03 july 2018
news_03072018_rockwell.jpgRockwell Diamonds has failed to file audited versions of its annual financial statements for the year ended February 28, 2018 that were due June 30. 
The failure was due to the company’s current funding constraints and uncertainty of outcome of the liquidation process of its subsidiaries in South Africa, which would affect the raising of funds to consider and complete a share buy back from shareholders.
Rockwell’s shares were delisted at the end of August 2017 from the Toronto Stock Exchange and concurrently listed on the NEX, a separate board of the TSX Venture Exchange.
It was still listed on the Johannesburg Stock Exchange Limited in South Africa, but trading of its shares had been suspended since March 24, 2017.
Rockwell said it was still in discussion with investors to dispose of its investment in its Cayman Island subsidiary, N9C whose main asset was the shares of Rockwell RSA.
“This transaction is contingent on the successful acquisition of all claims by the same investor/s of all the claims in all three subsidiaries,” it said.
“The proceeds from such sale will accrue to the company for purposes of settling with trade creditors of the company, and making an offer to shareholders to acquire their shares in a going private transaction.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished