World Federation of Diamond Bourses To Reassure Financial Institutions and Consumers

03/10/2016 11:45

Diamond companies, especially the small and medium-sized firms who make up the bulk of our membership, cannot easily access financing. Diamond manufacturing and trading companies need to finance their operations, however with banks facing higher capital requirements, risk aversion and increased regulatory burden, the financing they make available to diamantaires has fallen significantly in recent years and that has meant reduced operational flexibility and increased vulnerability to market movements for diamond companies.

- Ernie Blom, President of World Federation of Diamond Bourses, on the need for the industry to demonstrate its transparency and dependability to financial institutions as well as consumers.