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Will our Industry Finally Admit the Truth about Banks?

September 24, 2020 -

Our midstream has been awful about keeping an eye on profitability, often focusing on annual turnover instead of their bottom line. We can't expect banks to take a chance on us when we can't make healthy margins. Moreover if you speak to many banking executives they bring up "reputational risk", the diamond industry for good or bad gets a lot of press. When a diamantaire goes belly up or worse, it's on every front page.

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