After the decision of the First International Bank of Israel (First International Bank of Israel, FIBI ) to tighten their lending standards for the diamond industry The Israel Diamond Exchange (Israel Diamond Exchange, IDE) has promised to challenge the decision, according to a report published Rapaport Agency.
In connection with the introduction of FIBI Bank increased requirements for collateral when lending to the diamond industry IDE President Yoram u'Dvash (Yoram Dvash) sent a letter to members of the stock exchange, which has promised to lobby the public authorities and to convince the bank to withdraw.
In his letter u'Dvash notes: «FIBI changed its policy, but what is worse, from our point of view, is the fact that it was pressured by the department for supervision of banks in the Bank of Israel (Bank of Israel). You can not give it a unilateral decision to establish itself without a fight. All bank executives and regulators know that diamantaires are a vital part of the Israeli industry and important for the country's banks. Our business is stable and well-proven, and no relationship or programs directed against him, will not create an adverse situation for us. "
IDE plans to hold an emergency meeting after the summer holidays this month, when the market will reopen on August 28. IDE also intends to invite public figures from politics and business to participate in the discussion of this problem.
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Lucara Diamond said that the second largest diamond in the world the size of 1111 carats of type IIa, found in November last year at the mine cars (Karowe) in Botswana will be sold until June of this year.
Uilyam Lemb (William Lamb), President and CEO of Lucara, said at a press conference in the framework of the Africa Mining Council, that the company began preparing for the world tour to showcase the diamond, which was named "Lesedi La Rona" ( "Our World ").
As for the cost of the stone, he said Lamb, Lucara then set the starting price at auction for it.
"However, this stone has a high historical significance, and it is, in fact, it is impossible to estimate," - he said.
This stone has become the largest diamonds mined in Botswana, and the second largest diamond in the world.
Its dimensions are 65mm x 56mm x 40mm.
The mine cars annually produced 400,000 carats of gem-quality diamonds.
Lamb said that at this mine companies have managed to get 100 diamonds weighing over 100 carats.
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