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National Bank of Fujairah Antwerp launch April 201
Dubai’s NBF Enters Antwerp Lending Market
The National Bank of Fujairah (NBF) has launched arepresentative office in Antwerp as it looks to expand its business lending toestablished diamond traders. The Dubai-based bank targets wholesalers with secure sourcesof income and solid product...
Financial-Legal Apr 07, 2019 Joshua Freedman
India’s ICICI Bank Exits Antwerp
India’s ICICI Bank will shut its branch in Antwerp onMarch 29, becoming the latest lender to quit the Belgian diamond market. The move followed a strategic review of ICICI’s businessoperations in the country, a spokesperson for...
Financial-Legal Jan 09, 2019 Rapaport News
Antwerp Diamond Fair
Banks Snubbing Belgian Diamond Trade: AWDC
Belgian banks are discriminating against the diamond tradeby not lending to anyone linked to the industry, the Antwerp World DiamondCentre (AWDC) has claimed.The AWDC has proof that banks are systematically refusingcustomers with...
Financial-Legal Apr 02, 2017 Rapaport News
Rough Diamonds
Disciplined Diamantaires
The diamond market is slowly becoming more disciplined. It needs to. With high rough prices, declining polished, less available credit and lower retail inventory levels, it has become increasingly difficult for diamantaires to turn...
Polished Markets May 01, 2015 Avi Krawitz
Antwerp Diamond Bank Grants Extension
Press Release: The Antwerp World Diamond Centre (AWDC) made several announcements and presentations to the Antwerp diamond trade regarding the withdrawal of Antwerp Diamond Bank (ADB) from the market.AWDC has, additionally, set...
Financial-Legal Apr 02, 2015 AWDC
Erik Jens
Diamond Industry Lacks Bankability, Not Liquidity
ABN Amro has been a major lender to the midstream diamond industry over the past century. More recently, the group has called on the diamond industry to improve its “bankability” as banks tighten their lending...
Financial-Legal Mar 27, 2015 Avi Krawitz
Yellow Rough
The Diamond Story of 2014
The reduction of bank credit available to the diamond industry is a game changer that will influence the market for many years to come. Therefore, this column has chosen bank credit as its most important story...
Polished Markets Dec 26, 2014 Avi Krawitz
KBC Prepares Winding Down Antwerp Diamond Bank Operations
The KBC Group failed to complete the sale of Antwerp Diamond Bank to the Yinren Group and will wind down the bank's operations. KBC stated that it would carry out the process in an orderly manner,...
Financial-Legal Sep 19, 2014 Jeff Miller
Antwerp Diamond Bank's Profit -31%, Interest Income +13%
The Antwerp Diamond Bank (ADB), a subsidiary of the KBC Bank, reported that its balance sheet fell 7 percent year on year to $2.4 billion (EUR 1.692 billion) in 2013. A selective credit issuing policy during the...
Financial-Legal May 05, 2014 Jeff Miller
Yinren Group Acquires Antwerp Diamond Bank
Though financial details are being withheld, pendingregulatory approval, Belgium-based KBC Group reached an agreement to sell the Antwerp Diamond Bank(ADB) — a top financier to the diamond industry — to the Shangai-based YinrenGroup. Under the agreement, Yinren...
Financial-Legal Dec 19, 2013 Brian Bossetta
lazare kaplan
Lazare Kaplan Estimates FY Sales -36% to $68M
Lazare Kaplan International Inc. notified the Securities and Exchange Commission (SEC) of its intention to again file its most recent fiscal-year report late for the period that ended on May 31, 2013, following...
Financial-Legal Sep 09, 2013 Jeff Miller
Lazare Kaplan Wins Appeal Against Lower Court in RICO Case
The United States Court of Appeals for the Second Circuit issued a summary order in support of Lazare Kaplan International, vacating the judgment of the District Court and remanding the case for further proceeding. In December...
Financial-Legal Jun 21, 2013 Jeff Miller
Antwerp Diamond Bank's Profit +152% in 2012
The Antwerp Diamond Bank (ADB), a subsidiary of KBC Bank, released financial highlights for 2012, stating that higher margins, especially in the Indian marketplace, helped to boost interest income 10 percent, while operating profit jumped...
Financial-Legal May 21, 2013 Jeff Miller
lazare kaplan
Lazare Kaplan Estimates 3Q Sales -31% to $15M
Lazare Kaplan International Inc. notified the Securities and Exchange Commission (SEC) that it would again be filing a quarterly financial report late for the fiscal period that ended on February 28, 2013. Nonetheless, Lazare...
Financial-Legal Apr 16, 2013 Jeff Miller
Lazare Kaplan Inc
Lazare Kaplan Sues Antwerp Diamond Bank
Lazare Kaplan, a New York diamond manufacturer and dealer, has sued two Belgium banks for allegedly misappropriating $135 million worth of its diamond sales, the Financial Times reported. The lawsuit, filed in New...
Financial-Legal Dec 25, 2011 Avi Krawitz
Zale Secures Loan From Golden Gate
Zale Corporation obtained a new $150 million, five-year, senior-secured-term loan from Golden Gate Capital. The private equity firm plans to utilize the interest and fees that accrue on the loan and warrants to purchase common stock aggregating a 25 percent equity interest in Zale on a fully diluted basis....
Retail Jun 01, 2010 Rapaport
Rapaport TradeWire May 14, 2010
RAPAPORT NEWS SERVICE | MAY 14, 2010 www.rapaport.com | news@rapaport.com...
Mining May 13, 2010 Rapaport
Antwerp Diamond Bank Posts $15M Loss in 2009
The Antwerp Diamond Bank (ADB) reported a net loss of $15.3 million (EUR 12 million) in 2009, compared with the profit of $37.9 million (EUR 29.7 million) it posted for the previous year.“For the first time in the last 25 years, ADB closed the fiscal year with a negative...
Financial-Legal May 09, 2010 Avi Krawitz
Leviev named Israel’s top diamond exporter.
Polished diamond exports from LLD Diamonds dropped dramatically in 2009, but Lev Leviev’s company remained Israel’s top exporter, according to rankings published by the country’s Ministry of Industry, Trade and Labor. LLD Diamonds exported $241 million in 2009, down 42 percent from the $417 million it exported...
Mining Feb 01, 2010 Rapaport
Lazare Kaplan's 2Q Sales Expected to Fall 44%
Lazare Kaplan International (LKI) reported that the economic downturn continued to impact its business in the second fiscal quarter that ended on November 30, 2009, with the manufacturer anticipating a year over year sales decline of 44 percent to an estimated $23 million for the quarter. LKI also predicted that...
Financial-Legal Jan 17, 2010 Avi Krawitz
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