Financial

Expectoque quid ad id, quod quaerebam, respondeas. Satis est ad hoc responsum. Similiter sensus, cum accessit ad naturam, tuetur illam quidem, sed etiam se tuetur; Quodcumque in mentem incideret, et quodcumque tamquam occurreret. Iam id ipsum absurdum, maximum malum neglegi.

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De Beers and the Antwerp World Diamond Centre (AWDC) are holding talks about potential cooperationin De Beers’ recently announced blockchain platform.
                                  

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Excelsior Capital Ventures (ECV) LLC is to provide "substantial liquidity" to the mid-stream diamond and jewelry industry.

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Two economists have urged Botswana to undergo a second economic transformation. In a report compiled by Econsult Botswana, economists Dr Keith Jefferies and Sethunya Sejoe warned that diamond mining is unlikely to drive economic growth in future, but rather a foundation for current economic activity and income levels.

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Yoram Dvash, the President of the Israel Diamond Exchange (IDE) is calling for more credit to finance the diamond industry globally.

Dvash said the global diamond trade must work together to bring more financing to the diamond sector.

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Zimbabwe plans to make the Chinese yuan legal tender in the African country in return for Beijing agreeing to cancel $40 million in debts.

Finance Minister Patrick Chinamasa said the decision follows Zimbabwe's move to increase trade with China.

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Rio Tinto’s 2015 Pink Diamonds Tender collection of 65 rare pink and red diamonds from its Argyle diamond mine produced excellent results "reflecting global demand and sustained price growth," the firm said.

Achieving the highest average price per carat since the tender began in 1984, the tender continued its double-digit price growth trajectory.

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On Friday 13 February, the Antwerp World Diamond Centre (AWDC) organized a seminar on diamond financing in collaboration with Febelfin, the Belgian Financial Sector Federation.

This seminar, attended by some 15 banks, including the traditional major banks, Indian banks specializing in diamonds, as well as private banks, explained how diamond financing works.

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The Antwerp World Diamond Centre set up a dedicated diamond-financing seminar the World Economic Forum in Davos on Thursday which was introduced by Flemish Minister President Geert Bourgeois and attended by representatives of international financial institutions.

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Over the past twelve months, Antwerp clearly confirmed its leadership role in the global diamond trade and remains the preferred partner for diamond trade worldwide, the Antwerp World Diamond Centre (AWDC) said.

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