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Antwerp
Banks Unfairly Shunning Diamonds, EU Report Says
Diamond dealers are missing out on access to banking as financial institutions go overboard in their efforts to reduce risk, according
News Jan 10, 2022 Rapaport News
Zeev Maimon Mazalit
Israeli Fintech Group Launches Diamond Lending
An Israeli financial-technology company is set to offer almost $8 million in credit to the diamond industry every month after receiving
News Aug 10, 2021 Joshua Freedman
India letters
Banks Boost Credit to Indian Trade
Indian banks have increased lending to the gem and jewelry industry, helping stem the impact of the
News Jun 22, 2021 Rapaport News
Lucara Karowe 140
Banks Sign Up to Fund Lucara’s Karowe Expansion
Lucara Diamond Corp. has secured financing of up to $220 million to fund a planned underground expansion at its Karowe mine
News Mar 24, 2021 Rapaport News
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
Antwerp port house
Belgian Banks Postpone Loan Repayments
Belgium has introduced emergency financial concessions to help companies survive the current downturn, offering businesses extra
News Mar 30, 2020 Rapaport News
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
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
ABN Amro branch Capelle aan den IJssel
ABN Amro Restricts Rough-Sector Lending
ABN Amro has scaled back its financing of rough-diamond purchases, citing a lack of profitability in the manufacturing and
News Jul 15, 2019 Joshua Freedman
National Bank of Fujairah Antwerp launch April 201
Dubai’s NBF Enters Antwerp Lending Market
The National Bank of Fujairah (NBF) has launched a representative office in Antwerp as it looks to expand its business lending
News Apr 07, 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
Union Bank Antwerp
India’s Union Bank Leaves Antwerp
Union Bank of India will close its branch in Antwerp, citing the weak performance of its diamond division,
News Sep 06, 2018 Rapaport News
Nirav Modi
US Firms Aided $4B Modi Fraud, Probe Finds
Nirav Modi’s US jewelry businesses were directly involved in the Indian fugitive’s alleged billion-dollar bank fraud, a court
News Aug 28, 2018 Joshua Freedman
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
India
India Trade Looks to Ease Banks’ Concerns
India’s diamond industry is working to produce guidelines for banks to reduce their risks when lending to the trade.
News May 01, 2018 Joshua Freedman
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
Israel Diamond Exchange
Israel’s FIBI Bank Tightens Terms for Diamond Trade
The Israel Diamond Exchange (IDE) pledged to contest a decision by First International Bank of Israel (FIBI) to tighten its
News Aug 18, 2016 Rapaport News
Standard Chartered
Standard Chartered Exits Diamond Business
Standard Chartered has terminated lending to the midstream diamond and jewelry industry as it curbed its exposure to businesses
News Jun 13, 2016 Rapaport News
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