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FABRIKANT
INDIA SAYS OUTSTANDING BEING SERVICED
Shailesh Jhaveri of M. Fabrikant
and Sons, India Told Solitaire at the time of going to press that Fbrikant New
York has been making "reasonable" weekly payments to brng down all outstandings
in the Mumbai market, which happens to be its largest buying centre. Wholesale moonstone Jewellery
In June, rebutting claims made in Israels Globes news-paper that he company was
as much as $400 million in debts with the money owned being split evenly between
banks and the market, Jhaveri told Solitaire that the Fabrikant Figure quoted
in the media were incorrect and had been highly inflated. "We do not have
such highdebts as quoted in the Globes article" Jhaveri said. "We have
$30 million outstanding payment till today (June 19th) in the Mumbai market, which
is a major buying centre for Fabrikant" he added. Wholesale labrorite Jewellery
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