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The sudden decision by the Indian government to tax polished diamond imports has surprised many in the country’s diamond industry, although it should not have. For a number of years, the government and leaders of the industry warned against the practice of round-tripping – the multiple import and re-export of the same goods for the […]
It is obvious that a lot of thought and careful collection of information is behind the complaint Lazare Kaplan International (LKI) filed against KBC bank and Antwerp Diamond Bank (ADB) on December 23. If a guess could be made, there are many emotions in the case too. This is far from a typical heated business […]