The main asset of the company is diamond mine Vouterspen, which can process up to 200,000 cubic meters of rock per month.
The Rockwell said that among the diamonds found on the project there is a 60-carat stone, which was sold last week for $ 8,000 per carat.
The company also reported that last Wednesday the South African High Court upheld the hearing date to eliminate, as stated urgency no longer a reason for accelerated examination of the case in view of the shorter hearings on business reorganization. As previously reported, the hearings will be held June 22.
Meanwhile, business reorganization proceedings will be held May 12.
Trading in shares Rockwell Diamonds were suspended in March last year after the interim order on the Elimination of its three South African subsidiaries: Rockwell Resources RSA, HC van Wyk Diamonds and Saxendrift Mine Limited.
The Rockwell said that the prosecution has been initiated by C-Rock Mining, the former contractor Rockwell, who has filed an application for the liquidation of the three subsidiaries miners.
The C-Rock claimed that Rockwell owed her money associated with disputed invoices, reimbursement of tax penalties and other entitlements due to her construction costs.
According to representatives of Rockwell, the powers of the temporary liquidators appointed a judge of the High Court in accordance with the requirements of the major lenders, have been suspended in connection with further statements about the company's business reorganization.
"While the court decision is not consistent with the objectives of the company, the judge confirmed the principle that the business reorganization suspend the powers of both the temporary liquidators and the liquidation process that actually allows our subsidiaries to do business", - the statement says Rockwell.
"On this basis, there is no urgent practical need to carry the date of the final hearing in the closer period before the start of the liquidation procedure", - concluded the company.
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Marketing initiative, which will soon be launched by the Association of Diamond Manufacturers (Diamond Producers Association, DPA), is expected to return the diamond cutting sector of the Indian Surat former span at least the next year, according to the Times of India.
The DPA, the association leading diamond companies, is going to launch a global marketing campaign to increase sales of diamonds. DPA has appointed Mother New York, a leading advertising agency in New York, to develop an advertising campaign aimed mainly at Generation "millenialov" or "young adults" around the world.
It is reported that the advertising campaign will focus on India, and among the slogans are considered options such as "Diamonds - girls best friend" and "Diamonds - millenialov best friends." Meanwhile, according to the 2011 census, almost 60% of the 1.2 billion people of India were aged less than 30 years.
At the same time, India's polished exports in April-October 2015 fell to a record low of $ 12 billion, compared with $ 14 billion in the same period last year. About 350 small diamond cutting enterprises in Surat were closed, which is why more than 20 000 people have lost their jobs.
Regional Chairman to promote the export of precious stones and jewelry Council (Gem & Jewellery Export Promotion Council, GJEPC) Dinesh Nawada (Dinesh Navadiya) said: "We hope to resolve the current crisis in the industry due to marketing initiatives DPA".
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