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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 operations.The company is shutting the branch from which it lends to the local polished market, as part of a retreat from...
Financial-Legal Aug 13, 2020 Joshua Freedman
Gahcho Kué
Mountain Province Investor to Buy $50M in Rough
Mountain Province plans to sell $50 million worth of rough diamonds to an entity owned by one of its major shareholders, generating liquidity amid weak prices.The first sale of $22 million in diamonds to Dunebridge Worldwide will take place...
Mining Jun 09, 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 & Company predicted in its annual report on the industry.The forecast stems from the midstream becoming anincreasingly...
Polished Markets 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-diamondpurchases, citing a lack of profitability in the manufacturing and tradingsectors.The Dutch bank, which mainly lends to rough dealers, will only offer credit without proof of onward sale...
Financial-Legal Jul 15, 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
AWDC, De Beers Mull Blockchain Partnership
The Antwerp World Diamond Centre (AWDC) is in discussions withDe Beers about a potential blockchain venture, the Belgian trade organizationsaid last week.An AWDC study last year concluded that blockchain couldincrease transparency and confidence...
Technology Dec 18, 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 partof its trade-and-commodity finance business under a restructuring that has seenthe Dutch bank appoint a new global head for its precious-stones unit.Geert van Reisen...
Financial-Legal Dec 03, 2017 Rapaport News
World Diamond Congress 2016
Diamond Congress Zooms In on Lending
Financing was the focus of the second day of the WorldDiamond Congress in Dubai as bankers and industry leaders called fortransparency and careful financial management in the trade.The need for the diamond business to improve working...
Financial-Legal May 19, 2016 Rapaport News
Diamond Financing Seminar to be Held in Dubai
The DubaiDiamond Exchange (DDE) will host a seminar Tuesday aimed at raising awarenessof financing options and how Dubai’s financial sector can support the industry.The secondDubai Diamond Finance Seminar (DDFS) will be held May...
Polished Markets May 16, 2016 Rapaport News
Dubai Diamond Exchange Sets Financing Seminars
The Dubai Diamond Exchange (DDE) will hold an inaugural series of seminars to raiseawareness of diamond-financing options and explore ways in which the emirate’s trade infrastructureand financial institutions can support the industry.The first of three Dubai...
Financial-Legal Oct 08, 2015
Kennady Diamonds Announces CAD4M Non-Brokered Private Placement
Kennady Diamonds Inc. raised approximately CAD $4 million ($3.1 million) through a placement of common shares at a price of C$3.40 per common share, according to a company statement. The Company’s major shareholder, Bottin (International) Investment Ltd., has...
Mining Jul 30, 2015
arctic star
Shore Gold Raises $2M in Private Placement
Shore Gold Inc. raised $2 million at the close of its private placement of 10 million units at 20 cents each. Each unit consisted of one common share and one common share purchase warrant, whereas each warrant entitles...
Financial-Legal Jun 15, 2015 Jeff Miller
TrueFacet Raises $5M
TrueFacet Inc., an online marketplace for pre-owned jewelry and watches, raised $4.79 million in equity financing on June 8, according to a filing with the Securities & Exchange Commission. The amount includes the conversion of certain indebtedness...
Financial-Legal Jun 12, 2015 Jeff Miller
Liqhobong Mine
Firestone Diamonds Secures $15M Stand Debt Facility
Firestone Diamonds plc agreed to a $15 million standby debt facility with Resource Capital Fund VI L.P., subject to shareholder approval, which would satisfy one of the remaining conditions to the drawdown of its Absa debt facility....
Financial-Legal Apr 24, 2015 Jeff Miller
Chidliak Project
Peregrine Diamonds Raises $12M
Peregrine Diamonds Ltd. raised $11.9 million on April 6 at the close of the exercise period of 56,457,618 warrants that were issued October 6, 2014. The company is focused on diamond exploration and development in Canada, where it has discovered...
Mining Apr 07, 2015 Jeff Miller
gahcho kue
Mountain Province Closes on $370M Gahcho Kué Loan Facility
Mountain Province Diamonds Inc. closed its $370 million loan facility for the Gahcho Kué diamond mine, with a syndicate of lenders led by Natixis S.A., Scotiabank and Nedbank Ltd., and including ING Capital...
Financial-Legal Apr 07, 2015 Jeff Miller
Kingold Jewelry Receives $15M Investment
Kingold Jewelry Inc. entered into a convertible note purchase agreement with a majority-owned subsidiary of Fosun International Limited that will result in proceeds of $15 million when the transaction closes. The proceeds will be used to accelerate...
Financial-Legal Apr 06, 2015 Jeff Miller
Banks Need More Transparency From the Diamond Industry
Antwerp World Diamond Centre's (AWDC) keynote speaker, Herman Van Rompuy, the former European president, told industry attendees at a financing seminar on March 27 that no one can bypass market rules anymore. And this advice...
Financial-Legal Mar 30, 2015 Marc Goldstein
Kennady Diamonds' Private Placement to Raise $16M
Kennady Diamonds Inc. is undertaking a non-brokered private placement to raise approximately $16 million (CAD 20 million) through a combination of common shares and flow-through common shares. The common shares to be issued have been priced at $3.55 and...
Financial-Legal Feb 09, 2015 Jeff Miller
DGSE Extends Loan Agreement Two Years
DGSE Companies Inc. extended the term of its loan agreement and revolving credit note with NTR Metals LLC from August 1, 2015 until August 1, 2017. NTR is an affiliate of Elemetal, LLC, which is DGSE’s largest...
Financial-Legal Feb 06, 2015 Jeff Miller
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