RapNet, the world’s largest online marketplace for diamonds, gems, and jewelry, has partnered with Del Gatto Finance Fund, the largest non-bank lender to the global diamond industry, to provide quick and easy financing solutions for all RapNet looking to buy diamonds on or off the network.
Chris Del Gatto, CEO of DDFF provides insight into the current state of the jewelry industry's lending solutions the most recent edition of The New Jeweller UAE magazine. "The industry continues to experience the withdrawal, and tightening of traditional credit options. Alternative financing options seem to the the future for our industry. We have been successful simply because our history and and experience."
Traditional sources of financing for the international jewellery industry, particularly the diamond sector, have been drying up in recent years. JNA looks at the financing options now available for the trade and the creative ways some stakeholders are funding growth.
DDFF runs a collateral-based strategy that finances companies up and down the supply chain. The company’s clients include diamond mines, De Beers and ALROSA contract buyers, polished diamond traders, estate jewelry, colored stone as well as high-end watch wholesalers.
