This project is predicated on a method developed in Australia and applied in South Africa as a management mechanism for the commercialization of gold and precious stones. India’s ICICI Bank is withdrawing from diamond trade financing after greater than a decade of operations within the Diamond city of Antwerp. The process of shutting down would compete by March end and Diamond corporations in Antwerp have been asked to finalise closure before the financial 12 months end.
“The diamond enterprise is changing quick,” IDE President Shmuel Schnitzer stated. “Once put into apply, this will immediately increase the extent of transparency across …