“Up till now there has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

Today

Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 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