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Newspaper Article
Banks concerned over diamond trade liquidity
2001
Overview
Concern is mounting over liquidity problems in the diamond trade. ABN Amro, the biggest diamond financing bank, and the Antwerp Diamond Bank (ADB) have taken steps to monitor purchases of rough diamonds by De Beers customers. Antwerp-based members of the De Beers rough diamond cartel, now De Beers Investments (DBI), have been asked to give details of the rough diamonds that they request from DBI and also to inform the banks about their rough purchases.
Publisher
The Financial Times Limited
Subject
