In debt, but not in trouble: debt is a way of life for the majority of companies in the Israeli...

Although the old saying states that there are only two things that are certain in life-death and taxes-the diamond industry can add a third one, debt. One of the main issues affecting the industry is the question of bank debt. Although it is clearly not a new issue, it appears to be getting worse. And that is happening in Israel as well as across the global diamond industry, although it appears to be affecting members of the Ramat Gan bourse less than in other diamond centers. The familiar litany of defaults, near-defaults, major solvency problems and debt rescheduling is affectin