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Mmetla Masire: Okavango to resume diamond sales in January

Botswana’s state-owned Okavango Diamond Company (ODC) is set to resume diamond sales in January 2025, whether the market remains depressed or not. ODC managing director Mmetla Masire told Rough & Polished’s Mathew Nyaungwa on the side-lines of...

Yesterday

Helga Pombal: Angola's Stardiam finds solution to the threat posed by lab-grown diamonds

Stardiam manager of production Helga Pombal told Rough&Polished's Mathew Nyaungwa on the sidelines of the Angola International Diamond Conference that lab-grown diamonds are creating a parallel market for more accessible stones, combined with lower...

11 november 2024

Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year

The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...

04 november 2024

Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

ABN AMRO announces first financial loss in recent years

22 may 2020
News

abn_amro_logo.pngThe Dutch bank ABN AMRO, which also specializes in servicing the diamond and jewelry industries, reported a net loss in the first quarter of  €395 million, which is about two times higher than analysts' estimate. This is the first financial loss of the credit institution since 2013.
ABN AMRO's new CEO Robert Swaak said the losses were caused by significant damage due to two exceptional client cases, as well as 1.1 billion € provisions made to account for loans going bad amid the COVID-19 pandemic.
According to Swaak, ABN AMRO now intends to revise its global strategy with a focus on measures to combat money laundering and improve digital transformation.

Alex Shishlo, Editor of the Rough&Polished European Bureau

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