By Michelle Smith-Exclusive To Diamond Investing News That Belgium's Crown Prince Philippe attended the kickoff of the Antwerp Diamond Roadshow is noteworthy for a reason other than his mere presence. He and wife, Princess Mathlide, oversaw the signing of an agreement between the Antwerp World Diamond Center (AWDC) and the Industrial Commercial Bank of China (ICBC). The deal involves the bank providing financial services to Belgium's diamond industry, which is expected to fuel its growth. Antwerp is seen as global diamond hub, a critical intersection for the global diamond trade where stones are imported, cut, polished, and exported. Of every 10 rough diamonds, it is estimated that eight are sent to this Belgian city for manufacturing. 80 percent of global diamond trading is said to be done in Antwerp. AWDC is the world's largest diamond organization representing 1800 members. Under the terms of the deal, ICBC will provide financing for diamond trading and products. Exactly what this entails remains unclear. Earlier this year the Antwerp Diamond Bank urged companies to prepare for the future as Basel 3 financial regulations are expected to make corporate finance more scarce, selective and expensive. Considering this, one of the questions that surrounds this deal is whether it will improve the availability of credit for the smaller diamond industry players. Other services that ICBC will provide include global cash management, bank card acceptance, Chinese yuan-based international settlement, capital transaction and investment banking. ICBC is China's largest bank in terms of value. It has the highest revenue of Chinese banks and the highest client savings. One of the ways in which it is expected to benefit from this agreement is by providing its clients with access to high-quality yet competitively priced diamonds.