Photographer: Andrey Rudakov/Bloomberg

Dubai Diamond Finance Seen Growing as Antwerp Loses Gem Lender

Updated on
  • National Bank of Fujairah started diamond finance 6 months ago
  • Antwerp Diamond Bank closing to cut 11-12% of lending capacity

Dubai’s diamond trade will grow as the Middle East emirate attracts dealers from the industry’s traditional hub in the Belgian port of Antwerp after one of the city’s main gem lenders closed, depriving buyers of needed financing, according to National Bank of Fujairah.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.