Wednesday, September 24, 2014

Diamond Dealers Face Loan Drought After Losing Bank

Antwerp's diamond dealers, who buy and sell 80 percent of the world's most valuable gemstones, have lost their bank. The Antwerp Diamond Bank, a source of finance for 80 years to the network of companies that trade, cut and polish in the Belgian port city, will stop lending after a sale by KBC Groep NV (KBC) to China's Yinren Group collapsed last week. "It cannot be good news for the diamond ...



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