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The ruling is a victory for lender KBC Group NV, which has argued all along that the case doesn’t belong in the U.S.
The Antwerp World Diamond Centre and Bain & Company said global diamond sales are expected to grow.
The diamond company filed for Chapter 11 bankruptcy protection last week in Delaware.
The diamond miner and marketer sold $450 million in rough in its final sales cycle of the year, compared with $422 million in the same period last year.
He will exhibit at major trade shows in 2018 to sell off the business’s loose pearl and jewelry inventory before closing it.
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.