Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

FT: Belgium’s diamond industry gains banking support

21 may 2009

The Financial Times positively appraise the initiative by number of banks and AWDC to fund a €1bn credit facility for gem dealers. “The diamond industry is set to be the latest to be bailed out by the Belgian authorities as a group of banks agreed to,” FT reported.
The move was announced on 20 May in the course of Kris Peeters, minister-president for Flanders visit to AWDC. The banks have agreed to take diamonds as collateral if the government alters lending rules to allow them to take the gems on to their books.
The money, part of a package to encourage banks to resume lending to the sector, is needed "to restore confidence in the diamond trade", said Freddy Hanard, head of the Antwerp gem association.
The Belgian capital's gem industry has asked the Flemish regional government for a €200m ($275m, £176m) temporary guarantee to underwrite the scheme. The city's 1,800 diamond dealers are struggling amid a 30 per cent slump in sales volumes and a decline in prices, in spite of moves from mining groups to limit production.
Financial Times citing Victor van der Kwast, head of diamond and jewellery financing at ABN Amro, the biggest lender to the sector, to state that the bail-out was necessary to create a "level playing field" with emerging diamond centres such as Mumbai or Dubai.
Other banks involved in the agreement include the Antwerp Diamond Bank as well as State Bank of India, Bank of India and ICICI Bank, which is also from India.
As Rough&Polished were told at Antwerp World Diamond Centre,  AWDC is also charged with checking and controlling security and transparency of transactions, as well as securing position of banks.
Special emphasis to be placed on the existence of long-term and transparent contracts on rough diamonds.
In April Russian diamond miner ALROSA agreed the terms of long-term contracts on rough diamonds supplies to 15 Belgian companies in Antwerp. The contracts are settled for the period of 6 months to 3 years. The amount of this global agreement on diamond distribution to be $500M.