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Dec. 11 Is Deadline to File Proofs of Claim Against Firestar and Affiliates

The U.S. Bankruptcy Court for the Southern District of New York entered the order.

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[The following is a claims bar date notice related to the bankruptcy case of Firestar Diamond Inc. and certain of its affiliates.] 

JENNER & BLOCK LLP
Marc Hankin
Carl Wedoff
919 Third Avenue
New York, New York 10022
(212) 891-1600

Angela Allen (admitted pro hac vice)
353 North Clark Street
Chicago, Illinois 60654
(312) 222-9350
Counsel for the Chapter 11 Trustee

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK

In re:

FIRESTAR DIAMOND, INC., et al.,

Debtors.

Chapter 11

No. 18-10509 (SHL)
(Jointly Administered)

NOTICE OF DEADLINE FOR FILING OF PROOFS OF CLAIM: ON OR BEFORE DECEMBER 11, 2018

TO: ALL PERSONS AND ENTITIES WITH CLAIMS AGAINST FIRESTAR DIAMOND, INC., OLD AJ, INC. (f/k/a A. JAFFE, INC.), OR FANTASY, INC.

The United States Bankruptcy Court for the Southern District of New York has entered an Order establishing December 11, 2018 (the “Bar Date”) as the last date for each person or entity (including individuals, partnerships, corporations, joint ventures, trusts, and governmental units) to file a proof of claim against any of the above-captioned debtors (the “Debtors”).

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The Bar Date and the procedures set forth below for filing proofs of claim apply to all claims against the Debtors that arose before February 26, 2018 (the “Filing Date”), the date on which the Debtors commenced these cases under chapter 11 of the United States Bankruptcy Code, except for claims listed in Section 4 below that are specifically excluded from the Bar Date filing requirement.

1. WHO MUST FILE A PROOF OF CLAIM

You MUST file a proof of claim to vote on a chapter 11 plan or to share in distributions from the Debtors’ bankruptcy estates if you assert a claim that arose before the Filing Date, and the claim is not one of the types of claim described in Section 4 below. The Bar Date applies to a claim based on an act or omission of a Debtor that occurred before the Filing Date, even if the claim is not now fixed, liquidated, or certain or did not mature or become fixed, liquidated, or certain before the Filing Date. Claims under Section 503(b)(9) of the Bankruptcy Code must also be filed by the Bar Date.
Under Section 101(5) of the Bankruptcy Code and as used in this Notice, the word “claim” means: (a) a right to payment, whether or not such right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured; or (b) a right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured, unmatured, disputed, undisputed, secured, or unsecured.

2. WHAT TO FILE

Your filed proof of claim must conform substantially to Official Form No. 410; a case- specific proof of claim form accompanies this notice. The Trustee is enclosing a proof of claim form for use in these cases; if your claim has been scheduled by the Debtors, the form also sets forth the amount of your claim as scheduled, the specific Debtor against which the claim is scheduled, and whether the claim is scheduled as disputed, contingent, or unliquidated. You will receive a different proof of claim form for each claim scheduled in your name by the Debtors. You may utilize the proof of claim form(s) provided by the Trustee to file your claim. Additional proofs of claim forms may be obtained at www.uscourts.gov/forms/bankruptcy-forms.

All proof of claim forms must be signed by the claimant or, if the claimant is not an individual, by an authorized agent of the claimant. It must be written in English and be denominated in United States currency. You should attach to your completed proof of claim any documents on which the claim is based (if voluminous, attach a summary) or an explanation as to why the documents are not available.

Your proof of claim form must not contain complete social security numbers or taxpayer identification numbers (only the last four digits), a complete birth date (only the year), the name of a minor (only the minor’s initials), or a financial institution account number (only the last four digits of such financial institution account).
Any holder of a claim against more than one Debtor must file a separate proof of claim with respect to each such Debtor and must identify on the proof of claim the specific Debtor against which the claim is asserted and the case number of that Debtor’s bankruptcy case. A list of the names of the Debtors and their case numbers is set forth in the footnote to the case caption above.

3. WHEN AND WHERE TO FILE

A proof of claim may be filed by sending it by U.S. mail, overnight delivery, or hand delivery to the following address:

Firestar Diamond, Inc. Claims Processing
c/o Omni Management Group
5955 De Soto Ave., Suite 100
Woodland Hills, CA 91367

or by hand delivery to the United States Bankruptcy Court for the Southern District of New York, One Bowling Green, Room 534, New York, NY 10004. A proof of claim is deemed filed only when received at one of the addresses listed above or filed with the Court electronically on the PACER system. A proof of claim may not be delivered by facsimile, telecopy, or electronic mail transmission.

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4. CLAIMS FOR WHICH A PROOF OF CLAIM NEED NOT BE FILED

You do not need to file a proof of claim on behalf of a claim on or before the Bar Date if the claim falls into one or more of the following categories:

(a) Any claim that has already been asserted in a proof of claim filed with the Clerk of the Bankruptcy Court for the Southern District of New York in a form substantially similar to Official Bankruptcy Form No. 410 (unless you wish to assert the claim against a Debtor not mentioned in the prior proof of claim, in which case an additional proof of claim must be filed);

(b) Any claim that is listed on the Schedules filed by the Debtors provided that (i) the claim is not scheduled as “disputed,” “contingent,” or “unliquidated;” (ii) the claimant does not disagree with the amount, nature, and priority of the claim as set forth in the Schedules; and (iii) the claimant does not dispute that the claim is an obligation only of the specific Debtor against which the claim is listed in the Schedules;

(c) Any claim that previously been allowed by Order of the Court;

(d) Any claim that has been paid in full by any of the Debtors;

(e) Any claim for which a different deadline has previously been fixed by this Court;

(f) Any claim by one Debtor against another Debtor; and

(g) Any claim allowable under § 503(b) and § 507(a) (2) of the Bankruptcy Code as an expense of administration of the Debtor’s estates.

(h) Any claim of a current employee of the Debtors, but only to the extent that such claim is solely for reimbursement of ordinary course business expenses or outstanding wages, base salary, commissions, benefits, bonuses, or other ordinary course compensation; but any employee of a Debtor who wishes to assert a claim against a Debtor that is not based solely on reimbursement of ordinary course business expenses or outstanding wages, base salary, commissions, benefits, bonuses, or other ordinary course compensation must file a proof of claim for such claim on or before the General Bar Date.

(i) The Debtors’ pre-petition lenders (Israel Discount Bank of New York and HSBC Bank USA, National Association).

If you are a holder of an equity interest in the Debtors, you need not file a proof of interest with respect to the ownership of such equity interest at this time. However, if you assert a claim against a Debtor, including a claim relating to such equity interest or the purchase or sale of such interest, a proof of such claim must be filed on or before the Bar Date pursuant to the procedures set forth in this Notice.

This Notice is being sent to many persons and entities that have had some relationship with or have done business with the Debtors but might not have an unpaid claim against the Debtors. The fact that you have received this Notice does not mean that you have a claim or that the Debtors, the Trustee, or the Court believe that you have a claim against the Debtors.

5. EXECUTORY CONTRACTS AND UNEXPIRED LEASES

If you have a claim arising out of the rejection of an executory contract or unexpired lease as to which the order authorizing such rejection is dated on or before October 5, 2018, the date of entry of the Bar Order, you must file a proof of claim by the Bar Date. Any person or entity that has a claim arising from the rejection of an executory contract or unexpired lease, as to which the order is dated after the date of entry of the Bar Order, you must file a proof of claim with respect to such claim so as to be received by the date fixed by the Court in the applicable order authorizing rejection of such contract or lease.

6. CONSEQUENCES OF FAILURE TO FILE A PROOF OF CLAIM BY THE BAR DATE ANY HOLDER OF A CLAIM THAT IS NOT EXEMPTED FROM THE REQUIREMENTS OF THIS ORDER, AS SET FORTH IN SECTION 4 ABOVE, AND THAT FAILS TO TIMELY FILE A PROOF OF CLAIM IN THE APPROPRIATE FORM SHALL NOT BE TREATED AS A CREDITOR WITH RESPECT TO SUCH CLAIM FOR THE PURPOSES OF VOTING ON ANY PLAN OF REORGANIZATION FILED IN THESE CASES OR PARTICIPATING IN ANY DISTRIBUTION IN THE DEBTORS’ CASES ON ACCOUNT OF SUCH CLAIM.

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7. THE DEBTORS’ SCHEDULES AND ACCESS THERETO

You may be listed as the holder of a claim against one or more of the Debtors in the Debtors’ Schedules of Assets and Liabilities and/or Schedules of Executory Contracts and Unexpired Leases (collectively, the “Schedules”). To determine if and how you are listed on the Schedules, please refer to the descriptions set forth on the enclosed proof of claim forms regarding the nature, amount, and status of your claim(s). If you received post-petition payments from the Debtors (as authorized by the Court) on account of your claim, the enclosed proof of claim form will reflect the net amount of your claims. If the Trustee believes that you might hold a claim against more than one Debtor, you should receive multiple proof of claim forms, each of which should reflect the nature and amount of your claim against one Debtor as listed in the Schedules.
If you rely on the Debtors’ Schedules, it is your responsibility to determine that the claim is accurately listed in the Schedules. However, you may rely on the enclosed form, which lists your claim as scheduled, identifies the Debtor against which it is scheduled, and specifies whether the claim is disputed, contingent, or unliquidated.
As set forth above, if you accept the nature, amount, and status of your claim as listed in the Schedules, and if you accept that your claim is only against the Debtor specified in the Schedules, and if your claim is not described as “disputed,” “contingent,” or “unliquidated,” you need not file a proof of claim. Otherwise, or if you decide to file a proof of claim, you must do so before the Bar Date in accordance with the procedures set forth in this Notice.

Copies of the Debtors’ Schedules are available for inspection at www.omnimgt.com/firestardiamond. Copies of the Schedules may also be examined between the hours of 9:00 a.m. and 4:30 p.m., Monday through Friday (except Federal holidays) at the Office of the Clerk of the Bankruptcy Court, One Bowling Green, Room 534, New York, New York 10004-1408. Copies of the Debtors’ Schedules may also be obtained by written request at the following address and telephone number: Omni Management Group, 5955 De Soto Ave., Suite 100 , Woodland Hills, CA 91367, (818) 906-8300.

A holder of a possible claim against the Debtors should consult an attorney regarding any matters not covered by this notice, such as whether the holder should file a proof of claim.

Dated: ___________________ BY ORDER OF THE COURT
New York, New York

JENNER & BLOCK LLP

By:/s/ Marc Hankin
Marc Hankin
Carl Wedoff
919 Third Avenue
New York, New York 10022
(212) 891-1600
mhankin@jenner.com
cwedoff@jenner.com

Angela Allen (admitted pro hac vice)
353 North Clark Street
Chicago, Illinois 60654
(312) 222-9350
aallen@jenner.com
Counsel for the Chapter 11 Trustee

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Press Releases

Paola De Luca to Join Farah Khan at Book Launches in New York and Mumbai

The two have worked from the inception of the idea for the book to its publication.

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Farah Khan and Paola De Luca

(PRESS RELEASE) Paola De Luca, founder of The Futurist, a luxury creative intelligence agency, will stage conversations in in New York City and Mumbai with celebrity jewelry designer Farah Khan who is launching her new book “FARAH KHAN: A Bejewelled Life”.

The book, published by Rizzoli International and edited by Paola and her team at The Futurist, charts the life and inspiration of Farah Khan as a leading Indian jewelry designer with family connections to Bollywood.

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The book launches, each featuring a conversation between Farah Khan and Paola De Luca, will take place in New York City on April 3, and in Mumbai on April 16.

“I am looking forward to our conversations which I am sure will give a fabulous insight into the unique talent that is Farah Khan,” said Paola, who has worked with Farah closely from the inception of the idea for the book to its publication.

“India, led by design pioneers such as Farah Khan, is now reclaiming its global stature in luxury jewelry design.”

The Futurist is developing visionary editorial projects all over the world, and is now partnering with Rizzoli International for upcoming publications.

The venues and details of the book launches are as follows:

New York:
Wednesday April 3
6 pm to 8 pm
Rizzoli Bookstore
1133 Broadway@ 26th Street
New York City

Mumbai:
Tuesday April 16
Mehboob Studios
Bandra (W)
Mumbai

Launch dates are also expected to be announced for London and Hong Kong later in the year.

For press enquiries, please contact David Brough at 44-7990568964.

Shalimar from Val lée de Fleurs’ collection and Gossamer Glow earrings from ‘Aayat’, the monogram collection; as both seen in ‘A bejeweled life’

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Press Releases

The First iPhone with a Tourbillon in the World Was Created

There will only be 99 copies.

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(PRESS RELEASE) Luxury brand of smartphones Caviar introduced new iPhone XS in the collection “Grand Complications”. The model is “complicated” not only with a watch mechanism, but also with the main value and achievement of the watch world – a tourbillon.

Keeping finding an inspiration in the traditions of watch complications, Caviar went further than the idea to combine a mechanic watch with a smartphone and developed a unique model, where the modern iPhone XS is complemented with a tourbillon – a mechanism providing the perfectly accurate time reckoning thanks to the leveling of the gravity impact on the watch work.

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Idea

The Grand Complications Collections is the most technically complicated and unusual Caviar collection for today, as its idea is the “complication” of iPhone XS with the mechanisms and elements that give the brand new functionality to the device. This unusual alliance demonstrates a meeting of innovations and traditions, classics and technologies and intensifies both ideas mutually – both the modern achievements and the heritage of the past.
Tourbillon is indeed a special height in the watch world – a tiny mechanism, called “vortex” in French, with its movement compensates the gravity error in the accuracy of the clock rate and ensures the perfect preciseness of the time reckoning.

Design

The design Caviar Grand Complications Tourbillon is inspired by the synthesis of the astronomy, physics and philosophy and presents stylistically rethought images of planets with their orbits. To embody the design, the composite stone of black and white color, as well as gold covering were used; the spectacular geometry transforms the body’s space and gives unique inner logic to it.
In the center a clock face is located; the hour marks are applied in form of Roman numerals, and some of them come out of the face’s border and surrealistically “fly” around becoming a part of the orbit of the depicted planed. In the “six o’clock” position the tourbillon opened to eyes is placed.

Watch and Tourbillon

The smartphone’s body is complemented with a mechanic watch with a manual winding (19 stones, 28 880 vph) with the power reserve of 30 hours.
In the “six o’clock” position the one-minute tourbillon (making 1 rotation about itself in 1 min)
The mechanisms are developed according a special order for Caviar by a well-known European manufacturer whose name has not yet been disclosed.

Model Caviar Grand Complications Tourbillon released in limited edition, will be released only 99 copies. The cost starts from $8 350.

Also, it should be noted in the Swiss watch industry the average price for a model with tourbillons is a figure of 15,000 francs. Therefore, the price set by Caviar is unique to this kind of product. The brand plans to present its development at the exhibition in Basel.

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Press Releases

Sri Lanka’s Gem and Jewelry Industry Focuses on Ethical Mining

The country ‘boasts a true mine-to-market industry.’

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(PRESS RELEASE) Sri Lanka is one of the countries with the oldest gem and jewelry industries in the world. The country was also one of the first to begin the process of mining back in the 1900s. Most of the country’s gem deposits are in an area known as the Highland Complex, extending northeast to southwest and containing high-grade metamorphic rocks.

Sri Lanka boasts a true mine-to-market industry, both domestically and for export. A fascinating aspect of this is the harmonious and productive blend of tradition, experience and modernization. Mining is done primarily by use of traditional methods, and is small-scale by choice and design as such mines are considered to be less harmful to the environment and a more stable source of employment for more people, numbering 60,000 to 70,000 miners at present. The industry functions through two bodies, the Sri Lanka Gem and Jewelry Association and the National Gem and Jewelry Authority. The SLGJA acts as the apex body that interacts with the Government of Sri Lanka as the industry representative in issue resolution and development of the sector. The latter officiates in terms of regulatory decisions.

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As a pioneering mining country, Sri Lanka leads the board in advocating ethical mining practices from as early as the 1900s. The issuance of mining license was initiated during this time, making the island probably the first country to do so. A very important clause — children below the age of 18 years are strictly prohibited from participating in any mining-related activities — was included at the very first regulatory compilation. The regulatory bodies continue to focus on developing the human aspect in the industry, which is the primary capital since manual labor is the main method used in mining. In addition, the NGJA provides an insurance scheme that compensates mining-related accidents, injuries and casualties, which are few and far between.

On an environmental aspect, one of the main concerns is the covering of the pit once mining is completed. The responsibility lies with the mine owner. However, to ensure the closing, the Authority collects a refundable deposit when a license is issued. This fund is used for the closing of the mine, in case it is not done. The appointment of a mine inspector was another initiative made in the 1900s in order to guarantee the smooth, humane process in the mine as well as safeguard the environment.

This growing industry that thrives because of its ethical practices brings one of the highest revenues to the country. Historically Sri Lanka is world renowned for its gems, mainly the blue sapphire. At present the fame has grown far and wide through the extensive marketing initiatives conducted by the Sri Lanka Gem and Jewelry Association and NGJA. The FACETS International Gem and Jewelry Exhibition is the key annual event that has promoted the industry worldwide.

For the past 29 years the FACETS has been the perfect platform to experience the Sri Lankan Gem and Jewelry Industry in all its glory. Held annually in September, the exhibition showcases a wide range of gems and jewelry and has become a focal point for both local and international buyers and sellers. The exhibition also draws attention to the lapidary and educational aspects of the industry. Over the years FACETS has earned a significant amount of global recognition and is known for being the home for the very best of Sri Lanka’s topmost resource. Every year the exhibition draws more and more interest from experts and enthusiasts all across the globe.

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