Extremely Expensive
Credit squeeze, De Beers’ new sales rules may reshape diamond market
Diamonds and bank regulation would not, at first glance, seem to have much to do with each other. But under pressure from government overseers, banks worldwide have become more careful about lending to the murky diamond industry. The resulting squeeze on credit is creating upheaval in the market, with far-reaching…
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Click here to read the full story: Economic Times