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ABN Amro branch in Terneuzen, The Netherlands
ABN Amro to Cease Hong Kong Diamond Lending
Dutch bank ABN Amro will close its Hong Kong diamond business in a major trimming of its global
News Aug 13, 2020 Joshua Freedman
Union Bank
Israel’s Union Bank Sells Diamond Portfolio
Israeli finance company Peninsula has agreed to buy Union Bank’s diamond business, pledging to continue offering loans
News Jul 14, 2020 Rapaport News
Bank Leumi Beersheba branch credit.
Israel’s Bank Leumi Eyes Return to Diamonds
Israel’s Bank Leumi has entered the bidding to acquire Union Bank’s diamond-lending business, signaling a potential return
News Jun 11, 2020 Rapaport News
Erich Jacobs
JBT Amends Credit Reports to Account for COVID-19
The Jewelers Board of Trade (JBT) will issue two parallel credit ratings for companies during the
News Apr 07, 2020 Rapaport News
Closed sign
How Three Jewelers Are Coping During COVID-19
Can my company survive this crisis? How long will the shutdown last? Should I lay my workers off?
News Apr 07, 2020 Joshua Freedman
IIJS Signature 2020
India Eases Trade’s Financial Burden
India’s government has approved concessions to ease the financial situation for diamond and jewelry businesses after
News Mar 25, 2020 Rapaport News
India GST
Indian Exporters Get Reprieve from Banks
Indian banks have agreed to offer special concessions to diamond exporters to help them deal with late payments
News Mar 19, 2020 Rapaport News
Rough and polished diamonds
Pressure on Diamond Midstream Likely to Increase
Diamond manufacturers will consolidate in the coming years to avoid being further squeezed by miners and retailers, Bain
News Dec 12, 2019 Joshua Freedman
ICICI HQ
India’s ICICI Bank Exits Antwerp
India’s ICICI Bank will shut its branch in Antwerp on March 29, becoming the latest lender to quit
News Jan 09, 2019 Rapaport News
ABN Amro 600
ABN Amro Scales Back Diamond Lending
ABN Amro is terminating its diamond and jewelry lending business in the US and the United Arab Emirates
News May 21, 2018 Rapaport News
Diamond Show - Rapaport Polished Diamonds 150
India Hikes Taxes on Polished Imports
The Indian government has increased import taxes on polished diamonds to 5%, prompting criticism from the Gem
News Feb 04, 2018 Rapaport News
AWDC Hong Kong show March 2017
Antwerp Body Joins India KYC Program
Trade organizations in Belgium and India are collaborating on an online network to enable industry members to share know-your-customer (KYC)
News Dec 06, 2017 Rapaport News
Erik Jens ABN Amro
Erik Jens Steps Down as ABN Amro Diamond Chief
ABN Amro’s diamond and jewelry division will become part of its trade-and-commodity finance business under a restructuring
News Dec 03, 2017 Rapaport News
Antwerp
Exelco Seeks Chapter 11 Protection in US
Antwerp-based diamond company Exelco NV has sought Chapter 11 bankruptcy protection in the US, listing estimated liabilities of $50
News Oct 02, 2017 Rapaport News
Antwerp
Bank Seizes Exelco’s Assets: Bloomberg
Belgian bank KBC Group has seized assets of Antwerp diamond firm Exelco to recover unpaid loans, according
News Jul 06, 2017 Rapaport News
De Beers Jwaneng truck
De Beers to Invest in Diamond Start-Ups
De Beers is launching an initiative to consider buying minority stakes in start-ups and rapidly growing companies, the diamond producer
News Jun 22, 2017 Rapaport News
Jewelry Sales India
India Relaxes Tax on Jewelry-Making
India’s government has reduced the tax rate on diamond and jewelry manufacturing to 5% following an earlier announcement that
News Jun 13, 2017 Rapaport News
Antwerp Diamond Fair
Banks Snubbing Belgian Diamond Trade: AWDC
Belgian banks are discriminating against the diamond trade by not lending to anyone linked to the industry, the
News Apr 02, 2017 Rapaport News
ALROSA 145-Ct Diamond
ALROSA Repays Loans to VTB Bank
ALROSA has paid off $600 million of loans to VTB Bank ahead of their repayment date, the Russian
News Mar 01, 2017 Rapaport News
Lace Diamond Mine DiamondCorp
DiamondCorp Agrees to Loan Deal
DiamondCorp has reached an agreement with one of its lenders, enabling the embattled company to secure a loan against
News Feb 28, 2017 Rapaport News
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