Bloomberg reported Antwerp’s diamond dominance is being challenged with growing competition.
Articles Tagged "antwerp"
Globe and Mail reported on changes in the diamond industry from Antwerp's diamond district.
Reuters reported polished diamond prices may struggle to hold onto gains in the first quarter of 2012 due to worries over the global economic outlook.
SmartMoney reported ICBC (HK:1398) has signed an agreement with the Antwerp World Diamond Center to offer diamond financing.
Though there are clear signs of a financial recovery around the world, at what price would there be a recovery for roughs? Is the `new-normal' daunting for the diamond industry?
Can the diamond market look forward to a complete recovery by end-2010? There are some in the sector who express confidence that the worst is over, and that prices for uncut as well as polished, have bottomed out. 2010 looks good, they say. Yet there are others who differ in opinion.
Antwerp’s imports and exports of both rough and polished diamonds into and from Antwerp were lower in June as compared to the same month a year earlier. For full story, click here
Diamond India recently struck a deal with a miner in Namibia, to directly source diamonds, establishing the first ever such deal in India. DIL is the Indian consortium made up of 60 large and medium sized diamond exporters of the country, who would previously purchased diamonds from Antwerp; Antwerp would source the diamonds from Russia, [...]
With a whopping $43 billion of rough and cut diamonds passing through Antwerp, home to some 300 Indian families mainly hailing from Palanpur in Gujarat that are engaged in the trade, this Belgian city’s diamond market is dangerously overdrawn and recovering from the financial meltdown. For full story, click here