Dubai Diamond Finance Seen Growing as Antwerp Loses Gem LenderBy
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.
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