01786 473696         info@iangallacher.com

Banks to Tighten Diamond Loans

With the Winsome group (erstwhile SuRaj Diamonds) defaulting on its loan, gems and jewellery companies might face hurdles in securing loans, as banks might now seek more collateral, as well as higher margins.

Senior bankers said the loantovalue ratio might be made more stringent. For instance, if loan credit was given up to 60 per cent of the value of collateral earlier, now it would be for only 50 per cent.

Business Standard

Join the discussion

  • I realised we hadn't shown you any yellow gold bands for wedding band week! Here we have a choice of two channel... https://t.co/w5YLelbrqM

Contact Info & Opening Hours

7 Murray Place, Stirling, FK8 1DQ
Tel: 01786 473696
Email: info@iangallacher.com

Monday > Saturday : 08.45 > 17:00