Diamonds.net - Diamantaires Emerge from Crisis with Credit

Diamantaires Emerge from Crisis with Credit
Insights
Apr 15, 2021 12:20 AM  
By Avi Krawitz
RAPAPORT... In the first issue of the
Rapaport Research Report, which came out in January 2018, we highlighted the mistrust that existed between the diamond industry and its lenders. Diamantaires argued that the banks had an unjustified high-risk perception of the diamond trade, while the banks pressed the trade to be more efficient and raise its compliance standards.
Much has changed in the three years since then, and particularly in the past year amid the coronavirus. The relationship between the two sides appears to have vastly improved. And while historically, diamantaires have complained about a lack of available funds, there now appears to be an oversupply of credit.

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