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The Antwerp
Diamond Market
At the basis of the Antwerp World Diamond
Centre lies its efficient infrastructure.
Concentrated on a top security area of merely two
square
miles, it comprises more than 1,500 diamond companies
and four diamond exchanges. Naturally, specialised banks,
security and transport companies, brokers, travel
agencies, hotels and restaurants are also well
represented in the vicinity.
The fact that Antwerp functions as a major diamond trade
and production centre worldwide, is reflected in the
cultural diversity of the Antwerp community. Diamonds
from Antwerp are exported in all directions, often to
the far corners of the world. The Antwerp Diamond High
Council serves both local diamond companies and foreign
visitors. It is the umbrella organisation and official
representative of the Belgian Diamond Business.
As to Antwerp’s share in
the diamond trade, more than 80% of the world
consumption of rough, polished and industrial diamonds
passes through Antwerp. Most of the most important sight
holders of the Diamond Trading Company (former De Beers
Consolidated Mines Ltd) reside in Antwerp. What’s more,
Antwerp’s brilliance is not restricted to diamonds only.
The city also enjoys international renown as
a trade
centre for precious stones such as rubies, sapphires
and
emeralds etc.
The
diamond trade and production go
hand in hand in
Antwerp. The quality label ‘cut in Antwerp’ testifies to
the superb skill of Antwerp’s diamond workers. Extensive
training programmes in diamond schools and experimental
workshops guarantee the transfer of traditional
expertise as well as the constant use of new technology.
With its prominent position in trade and production,
Antwerp was bound to develop a step stone for the
production of diamond jewellery. Today, Belgian top
level designers are numerous. HRD offers incentives for
this trade, by organising the Antwerp Diamond High
Council Awards and patronising a number of jewellery
trade fairs.
Why buy diamonds in Antwerp?
- 8 out of 10 of all rough diamonds are handled in
Antwerp
- 1 out of 2 of all polished diamonds passes through
Antwerp
- Antwerp has the best diamond polishers in the world
- the most important international quality label is "Cut
in Antwerp"
- the number one since the 16th century
These
figures will testify to the position of Antwerp as the
World Diamond Centre, considering the importance
of Antwerp worldwide and its trading partners all over
the globe, and ‘Diamond Centre’ referring to the
employment rates and the highly concentrated diamond
business on the Antwerp diamond square mile.
Foreign trade: non-European
trading partners
In 2002 the Belgian diamond trade totalled 26.4 billion
USD. This contributes for 7 % to the total Belgian
foreign trade. Diamonds are Belgian’s first export
product to 6 out of 10 of their most important
non-European Union trading partners: USA, Israel, India,
Switzerland, Hong Kong and China.
The total amount of shipments in 2002 aggregated more
than 160,000.
Trade – Importance on world
level
Contribution to total Belgian export 7%
Share in World rough supply 80%
Share in world polished supply 50%
Share in world supply of natural industrial diamonds 40%
Overall share in global diamond trade 60%
Antwerp diamond square mile
4 diamond bourses
4 diamond banks
1,500 diamond companies
300 workshops/factories
Total employment in trade and industry: 27,000
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