Two Canadian Diamond Companies In Receivership
Filed under: Jewelry
Canadian diamond and diamond jewelry wholesalers Polar Ice Diamonds and Polar Bear Diamonds, part of Arslanian Cutting Works, have entered receivership. The Ontario Superior Court of Justice lists a variety of creditors including several diamond companies. The court documents debts totaling over $40 million. The court-appointed receiver, RSM Richter, has stated that it's not clear if the assets of these two companies will be enough to fully repay the creditors. Polar Bear Diamonds hail from the first diamond mine in the Northwest Territories of Canada, where they are also cut and polished in Yellowknife. The diamonds also have a tiny polar bear engraved on the girdle. Polar Ice Diamonds are also mined, cut and polished in Canada.
Polar Bear Diamonds
Live from Microsoft's New Generation Xbox event!
Xbox Reveal liveblog on Joystiq
The List #0147: Escape a Car Underwater
Xbox One architecture panel liveblog!
H&M's Plus-Size Model Jennie Runk Says She Chose To Gain Weight
Okla. Sheriff's Deputy Finds Dog Guarding Body Buried Under Destroyed Home
Reptiles Make Home in UK Man's Cable Box
Visit the Maldive Islands Before It's Too Late
Xbox One event roundup: Microsoft reveals its next-gen gaming console