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GJEPC Rejects Diamond Discount Reports

2014-10-12 19:01:21| Jewelry - Topix.net

Press Release: Articles stating that diamantaires are offering discounts of 5 percent to 20 percent is not only false but also baseless, with news being reported without substantial understanding of the functionary guidelines of bank's trade with the diamond industry and without adequate and correct feedback from the industry pertaining to the issue. The closing of the Antwerp Diamond Bank does not have any immediate direct impact on the trade neither has it created an overnight liquidity crunch as stated in the news reports.

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