- Joined
- Aug 4, 2008
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- 14,685
Maybe my tin foil hat may be a little tight but this does not seem like good news for the Antwerp diamond industry.
http://www.idexonline.com/portal_FullNews.asp?id=38930
"China’s Yinren Group is buying the Antwerp Diamond Bank (ADB) from the KBC financial group in a deal that will enable Yinren to give ADB “access to the entire diamond value chain in Asia and Greater China, in particular”. "
"ADB is a leading market financier for the diamond trade, particularly in the large Antwerp market."
"“The acquisition of ADB will allow Yinren to leverage upon ADB’s know-how, network and brand reputation in view of the further development of the Chinese market, and to play a role in the interaction between the world’s main diamond centers (including Antwerp, Mumbai, Dubai and Hong Kong) and the upcoming centers of the Far and Middle East. The Yinren Group is now able to add financing of the diamond sector to its scope of activities.”"
http://www.idexonline.com/portal_FullNews.asp?id=38930
"China’s Yinren Group is buying the Antwerp Diamond Bank (ADB) from the KBC financial group in a deal that will enable Yinren to give ADB “access to the entire diamond value chain in Asia and Greater China, in particular”. "
"ADB is a leading market financier for the diamond trade, particularly in the large Antwerp market."
"“The acquisition of ADB will allow Yinren to leverage upon ADB’s know-how, network and brand reputation in view of the further development of the Chinese market, and to play a role in the interaction between the world’s main diamond centers (including Antwerp, Mumbai, Dubai and Hong Kong) and the upcoming centers of the Far and Middle East. The Yinren Group is now able to add financing of the diamond sector to its scope of activities.”"