Support Services: Banks

(ehudlaniado.com) - Banking and credit are the fuel that keeps the diamond industry moving. Like so many other businesses today, without access to credit and liquidity, the diamond industry would grind to a halt. However, in recent years, credit has become more challenging than ever before, as banks have become more stringent in their lending requirements to diamond businesses, and as they have increased the level of transparency and accountability needed to access funding. Credit needs extend across the entire spectrum of the industry, from mining to retail, and affect everyone in between, especially manufacturers and traders. Let’s take a closer look at this vital support system, and how we got to where we are today.