“Securitisation, credit insurance and asset backed trade finance are new ways of bringing diamond financing to the next level. Dubai is one of the few places that has already made this option available to market participants one of many reasons why we want to see how we can further build on this with representatives of the worldwide trade to explore financing methods”, Mr. Meeus said. The seminar would include a line up of leading speakers like Rajiv Jain, Head United Arab Emirates Diamond & Jewellery Clients, ABN-Amro, Biju Patnaik, Head – Gem & Jewellery Segment, IndusInd Bank Limited, Davy Blommaert, Unit Head for Precious Metals and Diamonds, National Bank of Fujairah, Alain Vandenborre, Executive Chairman & Founder, SDiX.
“In the same way gold has become a type of collateral for banks since 2011 or a collateral on Futures Contracts with exchanges like the DGCX, the establishment of a transparent daily spot pricing will unlock diamonds to be a form of collateral for investors and suppliers and a futures market will provide hedging and other structured trade finance solutions”, opined Alain Vandenborre, Executive Chairman & Founder, SDiX.
Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet