cv
Thailand Luxury Villas
Jomtien Pattaya Thailand.
Close to the beach, four bedrooms, fully air conditioned,
satellite TV, private swimming pool, free car rental
Singapore Diamond Exchange Pte Ltd
Contact:
Address: 20, Upper Circular Road, #02-01, Singapore
Singapore 058416
Tel: (65) 62212217
Fax: (65) 62212217
e-mail:
Website: Categories: Gems, Gemstones, Precious Gems,
Semi-Precious Stones, Jewelry, Fine Jewelry, Trading
Company, Importers, Exporters Company Profile: Diamond wholesale markets are quiet.
Some traders said buyers in China and Hong Kong were putting
off buying, waiting for polished prices to weaken. “Polished
prices are barely holding themselves.
Some
categories are better than others,” said a trader in
Antwerp. Prices for Fine quality smaller sizes are
reportedly holding, as opposed to larger sizes in
commercial and medium qualities, which appear to
have weakened. The main Polished Prices index
declined over the past week, opening at 152.04 on
Friday, from Mondays’ opening at 154.44 points.
Rough market
Rough traders in the secondary or ‘open’ market
reported a sharp tightening in liquidity, which has
reduced trading activity. Some said DTC sight holder
applications for the next DTC sight have been
strongly reduced. “People are in survival mode,”
said a trader, adding rough from the main producers
was selling at a loss. “DTC, Alrosa and other
primary sources are unsellable for cost,” he said.
Corporates and Events
Botswana’s central bank has licensed the State Bank
of India (SBI), making it the tenth bank to run
commercial banking activities in the country, Mmegi
reported. Although no confirmation could be obtained
from the public relations department of the Bank of
Botswana at press time, sources close to the
developments have confided to Mmegi that SBI, which
is one of two Indian banks to have recently applied
for a commercial banking licence in Botswana,
received regulatory approval last week and will soon
announce its operational plans, the report said.
“They received the licence last week and should
start operations soon,” said the source. Contacted
for comment, SBI Botswana acting managing director
Aditya Jha declined to confirm or deny the issuance
of the licence. “I am not authorised to speak to the
press. My senior management from India should be in
the country soon. I am sure they will be able to
help you with your enquiries,” he said in a
telephone interview with Mmegi. SBI, which is
India’s largest government owned bank, first
announced plans to open shop in Gaborone, where
Indian companies are involved in diamond cutting and
polishing businesses, three years ago, said the
report. While SBI is expected to unveil its plans in
Botswana soon, another state owned bank from the
world’s largest democracy, Bank of India (BoI) has
also applied for a licence to set up operations in
Botswana, the report said.
Alain Vandenborre, co-founder of The Singapore
FreePort, said he had partnered with Antwerp Diamond
Bank and other companies to sell diamonds as an
investment, targeting increasing wealth in China and
India, Bloomberg reported. Singapore Diamond
Exchange Pte Ltd., or SDX, will offer polished
diamonds of one carat and up from July 23, with a
minimum price of $250,000 for each portfolio,
Vandenborre, the majority shareholder, said in an
interview with Bloomberg. The broking company will
help clients find buyers one year after their
purchase with a 2 percent commission charge, he
said.
Singapore Companies Directory have strived to compile the most up-to-date
& comprehensive Singapore business contacts and database of
Singapore Companies and lists of foreign owned
companies in Singapore
Exciting opportunity with
agel nutritional
products in Singapore. Team
leaders needed now for worldwide network
marketing and distribution of unique gel
health products and natural cosmetics
