ICBC Joins With Largest Diamond Centre to Extend Diamond Financing
ICBC Bank has announced its partnership with the Antwerp World Diamond Centre (AWDC), the largest diamond centre in the world, to offer diamond financing and trading solutions. This partnership will enable ICBC to provide financial services for the global diamond industry.
ICBC Bank is China’s largest bank and one of the largest banks in the world. The AWDC, located in Antwerp, Belgium, is the global diamond hub where most of the world’s rough and polished diamonds are traded. Through this partnership, ICBC and AWDC will offer short-term financing, pledging loans, and other financial services to diamond companies and traders.
Mr. Liu Liange, Chairman of ICBC, said, “We are delighted to partner with the Antwerp World Diamond Centre to support the global diamond industry. This partnership will allow us to leverage our global network and rich experience in commodity financing to provide comprehensive and cutting-edge financial services for diamond companies and traders around the world.”
Mr. Chaim Even-Zohar, Chairman of the Antwerp World Diamond Centre, said, “We are very pleased to collaborate with ICBC on diamond financing and trading. This partnership will boost diamond liquidity and provide more diverse financing channels and services for the global diamond industry. It will strengthen Antwerp’s role as the global diamond trade hub.”
Expanding Diamond Financing Channels to Boost Liquidity
The partnership between ICBC and AWDC aims to increase financing channels and services for the diamond industry, improve liquidity in the diamond supply chain, and facilitate global diamond trading. ICBC’s global network and credit advantages, combined with AWDC’s deep industry insights, will enable innovative financing solutions tailored to the needs of diamond companies and traders.