[Pearl Jewelry : Pearl Necklace] 4/29/2018 06:29:00 PM

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The Chinese Yinren Group will become the owner of the Antwerp Diamond Bank (ADB), which is the world's second-largest diamond bank. The transaction was announced by the Belgian financial group KBC, which includes ADB.
The amount of the transaction is not disclosed. Regulatory bodies still have to approve the purchase, Rosbalt reports with reference to Lenta.ru.
As part of the agreement, the ADB loan portfolio will be transferred to KBC Bank NV assets. In addition, after the deal is closed, KBC Group will provide ADB financing for 200 million euros for a minimum of two years.
Yinren Group is engaged in international trade, real estate, and also works on the diamond market.
Antwerp Diamond Bank was founded in 1934 and provides financing for diamond purchase and sale transactions.

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Posted By Blogger to Pearl Jewelry : Pearl Necklace at 4/29/2018 06:29:00 PM

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According to the market research of the Russian jewelry market, the annual growth rates of the market are about 10-15%, the Russian Jewelery Network reports. With the current consumption model, the market will be fully saturated in no more than 8 years. According to experts, currently the market is saturated only by one third, which indicates the possibility of accepting new players.
Among the companies leading were Adamas and Krastchemmet, which in 2012 sold about 11% of the total sales per year. In the jewelry market there is seasonality, so, the main sales volume in the retail market falls on the last decade of January and the period from February 23 to March 8.
One of the trends in the jewelry market is the increase in the share of Internet commerce. Psychologically, Russians are still wary of the possibility of buying goods through the online store, however, this segment shows a growing trend. If in 2010 the share of jewelery purchases through the Internet was estimated at 1%, today it is at least 2.5-3%.

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Recently released by the Antwerp World Diamond Center (AWDC), trade statistics for the month show that November has become a pretty good month for trading in rough diamonds.
At the same time, statistics on the turnover of diamonds indicate a slight decrease in trade volumes compared to November 2012.
In the rough diamond segment, trade indicators in November were very positive, especially for exports, AWDC notes. The volume of exports of rough diamonds for the reporting month increased by 38.78% compared to November 2012. In terms of value, the growth was 23.44%. This growth was driven mainly by rising demand in India, which is the main importer of rough diamonds from Antwerp.
Imports of unpolished diamonds, on the contrary, declined by 3.95% in volume and 1.35% in value on a year-on-year basis.

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The Israeli Diamond Exchange (IDE) on December 23 is carrying out an action aimed at raising funds for the benefit of the Israel Foundation for Handicapped Children (ILAN). The event will be held in the IDE complex in Ramat-Gan, according to a press release received by Rough & Polished.
The action, organized on the territory of the IDE, coincides with the nationwide ILAN fund-raising campaign, in which, with the assistance of the Israeli Ministry of Education, about ten thousand schoolchildren will go to their homes to collect donations for the oldest charitable organization.
"We started cooperation with ILAN last year, and the board of directors and IDE members are happy to continue working with this important charity," said IDE President Shmuel Schnitzer. "Although the contribution of the diamond industry to the Israeli economy is very significant, I believe that such a prominent industry as ours should also set an example of corporate and social responsibility.