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

Union Bank of India Enters Antwerp’s Diamond Industry

24 june 2014

Antwerp, the world’s biggest trading hub for uncut diamonds, gets a new lender to the industry as Union Bank of India opens a branch in the Belgian city, Bloomberg reported.
The move by the Mumbai-based company means that five Indian lenders will be active in Belgium. The Antwerp office will dedicate a fifth of its $200 million loan book to diamonds in the first year, Union Bank Chairman Arun Tiwari. The office will also undertake trade finance, remittances and syndicated loans.
The diamond industry globally needs more banks to help spread the risk of funding diamond transactions and to ensure more competition and choice, as well as keeping the industry on a sustainable footing, said Erik Jens, Chief Executive Officer at rival ABN Amro’s International Diamond & Jewellery group.
Diamond companies rely on financing, with dealers using credit to buy rough stones from miners and to fund gem-trading and the cutting and polishing of stones for jewelry production. The biggest lenders to the industry are State Bank of India (SBIN), ABN Amro, Antwerp Diamond Bank and Standard Chartered.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished