Fortis to sell stake in ABN Amro
Amsterdam, Netherlands—The governments of three separate countries have agreed to bail out struggling bank Fortis NV, as long as it sells its stake in ABN Amro, The Associated Press reports.
Barclays drops bid for ABN Amro
London—Barclays has abandoned its six-month battle to buy ABN Amro Holding NV—the Amsterdam, Netherlands-based bank that is the largest financier in the diamond industry—clearing...
Looming ABN Amro, Barclays deal could impact lending
Amsterdam, The Netherlands—The boards of international banks ABN Amro and Barclays have agreed to merge, in an approximately $91 billion deal that industry observers speculate could impact...
Industry forecast 2009: Diamonds
New York--There is both good news and bad news for retailers looking to dazzle with diamonds in 2009.
Diamond industry lender ABN Amro staying put
Tel Aviv, Israel—Diamond industry lender ABN Amro Holding NV has been acquired by Fortis, but the company isn't getting out of the jewelry business.
Martin honored at WJA Awards for Excellence
New York—The Women's Jewelry Association (WJA) held its 24th Annual Awards for Excellence Gala at Chelsea Piers in Manhattan on Sunday night, inducting ABN Amro bank's Anna Martin into the WJA...
Dutch govt now in control of ABN Amro diamond division
Amsterdam—The Dutch government said Friday it will buy the operations of Fortis NV in the Netherlands for 16.8 billion euros ($23.2 billion), a change to the previous bailout plan announced...
Online cash market for diamonds launches
Antwerp, Belgium--The Dealers Organisation for Diamond Automated Quotes (DODAQ), an online exchange that allows polished diamonds to be globally traded like other commodities, launched today,...
AGS announces Circle of Distinction winners
Las Vegas—The American Gem Society (AGS) will honor industry leaders John J. Kennedy, Hugh Glenn and Anna Martin at its Ninth Annual Circle of Distinction Dinner at New York City's Rainbow Room...
Signet exec to present WJA Hall of Fame Award
New York—Terry Burman, group chief executive officer of Signet and chairman of Sterling Jewelers Inc., will present ABN AMRO bank's Anna Martin with the Women's Jewelry Association's (WJA) top...
India awards its jewelry designers
Mumbai, India—The Indian jewelry industry honored its own in Mumbai on Friday with two separate groups of design awards.
Man steals $28 million in diamonds from Antwerp bank
Antwerp, Belgium—Belgian police have offered a $2.6 million reward for information that helps them find the man who stole $28 million worth of diamonds from an Antwerp bank last week.
JBT holds annual elections
Warwick, R.I.—The Jewelers Board of Trade (JBT) announced its newly elected officers and board of directors during the company's annual meeting on Feb. 14.
Industry players to discuss diamond derivatives
Antwerp—An international panel of representatives from leading financial institutions, financial exchanges and the diamond business will convene here later this month to discuss the development...
Fabrikant creditors sue lenders
New York—The unsecured creditors of M. Fabrikant and Sons have filed a lawsuit against the institutions that funded the liquidating diamond company for at least $118 million, alleging...
Industry task force to address diamond derivatives
Antwerp, Belgium—The Antwerp World Diamond Centre (AWDC) will sponsor an industry task force to look into issues related to developing diamond derivatives.
DMIA holding legal program Oct. 27
New York—The Diamond Manufacturers and Importers Association of America (DMIA) is sponsoring a seminar on memos, consignments and other industry hot topics on Oct. 27 in New York City.
WFDB to celebrate 60 years
Antwerp, Belgium—Diamond-industry leaders will gather in Amsterdam, the Netherlands, next week as the World Federation of Diamond Bourses (WFDB) celebrates its 60th anniversary at its 2007...
HRD Antwerp NV names commercial director
Antwerp, Belgium—The newly formed HRD Antwerp NV has appointed Dirk Dullaert commercial director, responsible for the development of the company's commercial activities in Belgium and abroad.
Anna Martin to join WJA Hall of Fame
New York—The Women's Jewelry Association (WJA) has selected Anna Martin of ABN AMRO Bank as the 2007 inductee to the organization's Hall of Fame.