Idex' ABN AMRO Diamond Exit Fake News

Finance and Trade
12/08/2021 15:12

Idex News today posted an article industry insiders say is "fake news", about Dutch bank ABN AMRO leaving the diamond business. Sources at the bank told The Diamond Loupe that the alleged exit news, published by Idex is false and the bank is not closing its diamond financing. A transcript of ABN AMRO's conference call yesterday doesn't even mention the word diamond. The bank closed its Dubai office in 2018 and announced last August that it would also close its Hong Kong office, keeping Antwerp for diamond financing.