ABN AMRO’s activities in the Diamond & Jewellery sector
ABN AMRO’s Diamond & Jewellery Clients (D&JC) has been a leading financial service provider to the diamond and jewellery sector for over 100 years. D&JC provides global sector coverage, reaching clients in the entire value chain. ABN AMRO does not finance diamond mining companies.
D&JC currently operates out of 4 locations globally (Hong Kong, Dubai, Antwerp and New York). These locations have a close proximity to diamond and jewellery clients in the key locations of the diamond and jewellery sector. Clients are global, cross-regional and local companies active in rough and polished trading, cutting & polishing, jewellery manufacturing, as well as retail jewellery.
Banks and supervisory authorities monitor clients in this sector extra carefully, and the bank reports on this policy to the supervisory authorities. Stricter monitoring means that ABN AMRO periodically subjects clients to reviews and continuously checks transactions. If anything unusual transpires, or if the client receives publicity, the relationship with the client is reviewed and assessed by various independent functions and, sometimes, by external advisors.
Sustainability is a priority and part of the dialogue with clients as well as with key industry stakeholders. D&JC actively promotes the importance of sustainability for the sector, not only in direct conversations, but also through key note speeches in industry forums and sponsoring sustainability related events.
With approximately 80 dedicated staff, supported by staff from shared services departments in the different locations, D&JC is servicing over 700 clients in the Diamond & Jewellery sector, of which approximately 200 are borrowing clients.
Our service offering
By closely tracking your company’s unique value chain, we are able to tailor our services and product offering that addresses the dynamics of the markets. This leaves us perfectly positioned to provide you with the best financial solutions ranging from Transaction Banking to day-to-day derivatives and other capital market products. We also offer investment and private banking solutions that match your circumstances.
Our specialized teams combine deep sector expertise with the intimate knowledge we acquire of your business. Our unparalleled presence in the industry’s key locations, including Antwerp, New York, Dubai and Hong Kong means we can offer you unequalled local market knowledge on a global scale.
The combination of industry knowledge, global presence and the resources of one of the world’s leading banks enables us to support your evolution as a business.