RapNet


Rapaport News

 

Search Results

   
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail
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
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
ICICI HQ
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
Union Bank Antwerp
India’s Union Bank Leaves Antwerp
Union Bank of India willclose its branch in Antwerp, citing the weak performance of its diamonddivision, Bloomberg reported.The office will shutwithin a year, the news service last week cited Rajkiran Rai Gundyadka, thebank’s CEO,...
Financial-Legal Sep 06, 2018 Rapaport News
India 150
Indian Banks Slash Lending by 10%
Bank financing to India’s gem and jewelry sector has fallenat least 10% since April 1 due to stricter lending conditions, according to the trade’s export-promotion body.Credit providers tightened their rules after allegations inJanuary that...
Financial-Legal Jul 24, 2018 Rapaport News
ABN Amro 600
ABN Amro Scales Back Diamond Lending
ABN Amro is terminating its diamond and jewelry lendingbusiness in the US and the United Arab Emirates (UAE), the Amsterdam-based banksaid.The lender decided to end its services to the US industrydue to its “very small portfolio,” a spokesperson...
Financial-Legal May 21, 2018 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
ALROSA 145-Ct Diamond
ALROSA Repays Loans to VTB Bank
ALROSA has paid off $600 million of loans to VTB Bank aheadof their repayment date, the Russian miner said on Tuesday.The company received the loans from VTB in 2012. In 2014, theywere extended until October...
Mining Mar 01, 2017 Rapaport News
birks mayors
Birks Credits Strategic Goals in New Deal
Birks Group has negotiated new credit terms that it sayswill enable continued implementation of its growth strategy. “We feel encouraged that our lenders have recognizedmanagement’s efforts to restructure the company and to improve the...
Retail Dec 26, 2016 Rapaport News
Israel Diamond Exchange
Israel’s FIBI Bank Tightens Terms for Diamond Trade
The Israel Diamond Exchange (IDE) pledged to contest adecision by First International Bank of Israel (FIBI) to tighten its lending standardsfor the trade.FIBI raised collateral requirements for the diamondindustry, prompting IDE president Yoram Dvash...
Financial-Legal Aug 18, 2016 Rapaport News
New York
NY Firm to Launch Diamond Industry Lending
The midstream diamond and jewelry industry is set to gainaccess to more than a billion dollars in loans from a New York-based lender that sees a “dire need” for funding in the sector.Excelsior Capital Ventures will start engagingwith...
Financial-Legal Aug 17, 2016 Rapaport News
Antwerp Beurs Voor Diamanthandel
New Law Likely to Triple Belgium Trade's Tax Bill
Belgium’s diamond trade can expect to pay at least three times more tax per year as a new fiscal regime is set to be passed into law by the end of the year.Under the proposed ‘Carat Tax,’ the tax...
Financial-Legal Aug 02, 2016 Rapaport News
James C. Polan OPIC
U.S. Backs Funding for Botswana Diamond Trade
The U.S. government has agreed to guarantee a $125 million loan to Botswana’sdiamond manufacturing industry to promote local job creation and strengthen thenation’s economic growth.The loan, provided by Barclays Bank of Botswana, will helpkeep activities such...
Financial-Legal Jul 26, 2016 Rapaport News
Shrenuj Botswana Diamond Factory
Shrenuj Seeks Legal Opinion Over Bank Action
Shrenuj & Co., a Mumbai-based diamond and jewelrymanufacturer, is challenging an order by India’s second-largest bank to seizeits assets and restrict the travel of its promoters.ICICI Bank on May 16 appointed a receiver for Shrenuj FarEast Limited, the company’s...
Manufacturing Jul 03, 2016 Rapaport News
Ellendale Mine
Kimberley Sells Shares to Repay Chinese Firm
Kimberley Diamonds raised $3 million (AUD 4 million) by issuingshares to partly repay a loan taken out from a Chinese auction house.The company said it sold 40.2 million shares at AUD 0.10 pershare, and of these about 7 million shares...
Mining Jun 27, 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 that fail to meet its “new risk profile.” “When we announced our new strategy, we saidthat we would look...
Financial-Legal Jun 13, 2016 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
Anthony Capuano, Jewelers Board of Trade
Jewelers Board of Trade Appoints Former HSBC Credit Specialist Capuano as President
The Jewelers Board of Trade (JBT) said it appointed AnthonyCapuano, a 35-year veteran of credit and lending in the gems and precious metalsindustry and former vice-president at HSBC Bank, as its new president.Capuano (pictured) was also a senior...
Financial-Legal Apr 07, 2016 Rapaport News
Standard Chartered
Standard Chartered Seeks to Curb $2B Diamond Exposure
Standard Chartered is demanding its clients in the Indianand Belgian diamond trade get more loan protection in a bid to tighten standardsafter lending about $2 billion to the industry, Bloomberg reported.TheLondon-based bank, one of the biggest lenders to the...
Financial-Legal Mar 24, 2016 Rapaport News
Previous 1 Next
Show articles per page




Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us