23 May 2013
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NEWS Financial
WINSOME (SU-RAJ) DEFAULTING ON $740 MILLION DEBT
25 April 2013
The web around Winsome Diamonds & Jewellery (formerly Su-Raj, a company partly owned by synthetics czar Jatin Mehta) is gradually getting untangled. It seems that the fall in gold pri...
INDIAN BANKS BEING MORE CAUTIOUS IN FINANCING DIAMOND FIRMS
08 April 2013
Indian banks are being more cautious in providing financing to diamond companies, including sightholders of diamond producers De Beers and Rio Tinto, in a bid to prevent a further rise ...
RESERVE BANK OF INDIA SIGNS COOPERATION AGREEMENT WITH BELGIAN COUNTERPART
28 March 2013
The Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) with the National Bank of Belgium (NBB) "to promote greater co-operation and sharing of supervisory inform...
OMEGA SETTLES FOR $195 MILLION WITH BELGIAN GOVERNMENT
14 March 2013
Antwerp diamond company Omega Diamonds NV, under suspicion of concealing three billion euros from the country's tax authorities as well as money laundering, has agreed to transfer US$19...
RUSSIA MAY RESUME PRIVATIZATIONS LATER THIS YEAR, SAYS FINANCE MINISTER
13 March 2013
Russia may resume selling stakes in state firms in the second half of this year, Finance Minister Anton Siluanov told the Cabinet. This could include an Initial Public Offering (IPO) fo...
FINCEN ISSUES FINAL NOTICE OVER ELECTRONIC FILING OF MOST BANK SECRECY ACT REPORTS
11 March 2013
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has issued a Final Notice requiring the electronic filing of most Bank Secrecy Act (BSA) reports by July 1, ...
U.S. CONSUMERS USE SAVINGS TO SPEND MORE IN JANUARY AS INCOME DROPS
01 March 2013
American consumers increased their spending in January, aided by savings after income levels posted their largest fall in 20 years.
EUROZONE POSTS 0.6% DROP IN GROSS DOMESTIC PRODUCT IN Q4
14 February 2013
Gross domestic product in the eurozone area fell 0.6 percent in the fourth quarter from the previous quarter with the recession in the 17-state region deepening more than economists pre...
ABN-AMRO REACHES DEBT SETTLEMENT WITH ARJAV
07 February 2013
ABN AMRO and Arjav reached an agreement today (February 7) which settles various pending disputes arising from their former commercial relationship.
SURAT'S SMALL, MEDIUM DIAMANTAIRES APPEAL FOR BANK FINANCE
23 September 2012
Surat's small- and medium-sized diamond manufacturing companies have reportedly organized themselves under the leadership of the Surat Diamond Association (SDA) and the Southern Gujarat...
HARRY WINSTON INC. ENTERS INTO $260 MILLION CREDIT FACILITY
03 September 2012
Harry Winston Diamond Corporation reports that its luxury brand subsidiary, Harry Winston Inc., has completed the refinancing of its senior secured revolving credit facility by entering...
REPORT: HARRY WINSTON IN TALKS TO INVEST IN EKATI MINE
07 August 2012
Canadian diamond producer and retailer Harry Winston Diamond Corp. is reportedly in talks to purchase BHP Billiton's 80 percent interest in the Ekati diamond mine in Canada's Northwest ...
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