Mumbai:News about financial trouble at New York-based M Fabrikant & Sons, the largest US importer of diamonds from India, has the country’s diamond industry worried. According to a report in Israel-based newspaper Globe, Fabrikant owes $400 million to creditors, of which $200 million is owed to US banks, and $200 million to suppliers. Fabrikant has an annual turnover of around $1 billion. While the Indian diamond industry pegged Fabrikant’s outstanding at around $75-100 million, Fabrikant’s Mumbai representative Shailesh Jhaveri says the figure is exaggerated. “As far as India is concerned, we have outstanding dues of only $30 million,” he said.
Nalini Rajan, V-P of Tara Jewels and Tara Ultimo in which Fabrikant has a 25% stake, admits that there is a ‘small problem’. But she says negotiations are on and the problem would be solved in a month. She adds rumours are a norm in the diamond industry and that every few days there are reports of collapse of one company or the other. Fabrikant’s suppliers cut across the diamond industry. In fact, the who’s who of Indian diamond industry supply to the company. If Fabrikant is in financial trouble, the impact would be felt across all the suppliers.
The Israeli newspaper in its Monday edition says Fabrikant is in danger of collapse and insolvency. The company is believed to have deferred payments for eighteen months and have got into cash flow difficulties, the paper says. The report adds that banks in the US have had to reduce credit lines to the company to a minimum, making it difficult for it to operate. Why is Fabrikant important to India? Since 1999, Fabrikant has consistently won awards from the Gem and Jewellery Export Promotion Council as the largest US importer of diamonds from India even though the value of imports has declined.
The Indian industry is now worried. A veteran diamond merchant says the merchants are worried on two counts. “If Fabrikant collapses, where will we find a powerful replacement for Fabrikant? I am not saying that there are no buyers. But nothing in the league of Fabrikant. Also, if Fabrikant files for bankruptcy, the company’s creditors will face problem as their money will be stuck for some time,” he says.
純手工訂製細緻頂級的蜜粉，演繹出絲綢般的優質肌膚觸感與頂級的透亮感，讓人優雅的沉浸在化妝喜悅的蜜粉餅。 https://skinac.com/tag/養髮療程
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女神們都剪了這髮型，快點學起來！ Marie Claire (HK) Edition 眨下眼又到新年，心郁郁想轉下髮型，但又諗唔到想點剪？趁紅透荷里活和社交網絡的long bob還未過時，快點學起來，頓時變得帥氣動人！ Long bob 的長度大約是下巴和肩膀之間，由於什麼臉型都 https://cosmetic.wiki/tag/自然塑形
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FineScan 會在肌膚上製造數以千計的細小深入傷口，即所謂的顯微加熱區（microthermal zone），但要確保每次治療時皆有部份組織不受能量影響，於是，每一個顯微加熱區的作用雖然強烈而明顯，但周圍都包覆著正常且結構完整的皮膚組織，使傷口能在短時間內癒合，並替換之前有缺陷的受損組織。Finescan不僅可讓表皮新生，更可促進深層膠原再生，從內而外徹底喚醒細胞，瞬時找回年輕時的肌膚狀態。憑藉最新的雙軸技術，FINESCAN 6可治療 - 面部 - 頸部 - 暗瘡凹凸洞 - 增生性疤痕 http://cosmedicbook.com/treatments/info/Dysport-小V臉