PodcastsJan 12, 2026
The latest poscasttest
SourcingDec 13, 2017
Exelco Int’l Follows N. America Subsidiary into Chapter 11
The diamond company filed for Chapter 11 bankruptcy protection last week in Delaware.
Wilmington, Del.--Exelco International Ltd. filed for Chapter 11 bankruptcy protection in Delaware last week, less than three months after the filing of its North American subsidiary.
Also filing for bankruptcy that same day was Hong Kong-headquartered Exelco (Asia) Ltd., which lists Exelco International as its parent company.
Exelco International’s Chapter 11 petition states that its headquarters are in Ebene, Mauritius, an island in the Indian Ocean off the southeast coast of Africa known for being a tax haven.
The company has between one and 49 creditors, and its assets and liabilities are within the same range, between $10 million and $50 million, court documents show.
Exelco International holds around 2 percent of the company, with the other 98 percent owned by co-founders Jean-Paul Tolkowsky (49 percent), the master diamond cutter, and Lior Kunstler (49 percent).
Kris Cuyvers, an external financial advisor, is listed as the chief restructuring officer for Exelco International, and the company is represented by the same attorneys as its North American subsidiary, Michael Nestor with the firm of Young Conaway Stargatt & Taylor LLP in Delaware and the firm of Hughes Hubbard & Reed LLP out of New York.
Exelco North America, along with Exelco NV, FTK Worldwide Manufacturing BVBA and Ideal Diamond Trading USA, filed Chapter 11 in late September.
On Nov. 28, Exelco told the court it had found a $6 million stalking horse bidder in closeout company SimplexDiam, but its lender, KBC Bank NV, has moved to block that sale.
Editors' Picks
Sponsored by
More on Sourcing
The Latest
Weekly QuizOct 03, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
PodcastsNov 27, 2025
Test Podcast With VideoTest Podcast With Video. New interview with Ada Lovelace.
PodcastsNov 25, 2025
Test New Podcast PostAbstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.
ColumnistsOct 09, 2024
Peter Smith: 7 Things to Know When Selling LuxuryAhead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.
AuctionsOct 09, 2024
Rolex Worn on Apollo 14 Mission Up for SaleThe GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.
MajorsOct 09, 2024
New Simon Campaign Invites Gen Z to ‘Meet Me At The Mall’The ads celebrate the mall culture of the ‘80s and ‘90s.
MajorsOct 09, 2024
PGI Launches New Virtual Sales TrainingRetail sales associates can access the video series on mobile to refresh their selling skills.
Policies & IssuesOct 09, 2024
GJNRF: Reaching Out, Rebuilding Futures For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.
AuctionsOct 08, 2024
Sotheby’s Selling Jewelry That Belonged to a Bulgarian TsarThe November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.
SurveysOct 08, 2024
What to Know About Online Shopping This Holiday SeasonDeloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.
CollectionsOct 08, 2024
Sylvie Adds New Men’s BandsThe Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.
SourcingOct 07, 2024
Rio Tinto to Offer 76 Diamonds in 2024 Beyond Rare Tender The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.
CollectionsOct 07, 2024
Olympian Kristi Yamaguchi Partners With Heller Jewelers on New CollectionA portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.
SurveysOct 07, 2024
Hill & Co.’s New ‘Business of Jewelry Report’ Is OutThe first in what is slated to be a series of in-depth reports from the consulting company, it focuses on shortening supply chains.
WatchesOct 04, 2024
Watches of Switzerland Clocks Another Acquisition—HodinkeeThe company said Benjamin Clymer will return to his role as head of the watch news website, which will maintain editorial independence.
