The $1.9 Billion Diamond Financing Shrinkage: Time for Diamond Trade to Re-Examine its ‘Philosophy’

Finance and Trade
06/10/2014 11:29

The closure of the Antwerp Diamond Bank, preceeded by withdrawals of other banks from the diamond industry and rumours of Standard Chartered limiting services, are strong signals for the diamond industry to adjust to demands of transparency and clearer corporate structures to attract banks.