We toughened due diligence after scams in India: Paul Rowley of De Beers

We will focus on companies with 70:30 debt equity ratio, says the Executive Vice president of the world's leading rough diamond mining company

The world’s leading rough diamond miner, De Beers, has decided to approve sightholders only with 70: 30 debt equity ratio for any contractual requirement of rough diamond for the financial year 2017-18, says Paul Rowley, Executive Vice president, De Beers in an interview with Dilip Kumar Jha. Edited excerpts:

What are major fallouts of the recent scam in diamond industry in India?

We have made our due diligence more stringent than ever before. We have introduced the annual best practices (BPP) assurance process in which our sightholders are required mandatorily to adhere to a comprehensive code of ethics. We would