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Antwerp diamond processing AWDC
Belgium’s Rough Trade Hits Decade Low
Belgium’s rough-diamond trade fell in the first half to its lowest level since the financial crisis. Rough imports to the country declined 26% year on year to $4.36 billion during the six months ending June...
Polished Markets Jul 15, 2019 Rapaport News
ABN Amro branch Capelle aan den IJssel
ABN Amro Restricts Rough-Sector Lending
ABN Amro has scaled back its financing of rough-diamondpurchases, citing a lack of profitability in the manufacturing and tradingsectors.The Dutch bank, which mainly lends to rough dealers, will only offer credit without proof of onward sale...
Financial-Legal Jul 15, 2019 Joshua Freedman
AWDC
Belgium’s Rough Trade Slumps in May
Rough exports from Belgium dropped 37% year on year to $741.5million in May, reflecting continued weakness in the sector. Rough imports fell16%, according to data from the Antwerp World Diamond Centre. The polishedtrade was more...
Mining Jun 26, 2019 Rapaport News
AWDC building Antwerp
Belgium Rough Trade Slows in 1Q
Belgium saw a decline in its imports and exports of rough diamondsin the first quarter, as mining companies’ sales dropped.Shipments into thecountry slid 33% to $2.09 billion for the period, reflecting a 38% slump inrough sales...
Rough Markets Apr 28, 2019 Rapaport News
Jewelry store New York diamond district
US Trade Confident as Polished Imports Surge
Dealers expressed optimism for the US diamond marketafter polished imports rose last year to their highest level since 2014.Shipments to the country jumped 8% to $23.3 billion in2018, according to the US Census Bureau, despite more modest...
Polished Markets Apr 03, 2019 Joshua Freedman
BNP
Antwerp Vault Heist Leaves Clients in the Dark
Thieves have broken into a bank vault near Antwerp’s diamonddistrict, with some clients in the dark about whether their goods have beenstolen. Daring burglars entered the BNP Paribas Fortissecure area via a sewage...
Financial-Legal Feb 06, 2019 Joshua Freedman
Antwerp Diamond Bourse
Record Average Price Supports Belgium Trade
Belgium’s polished exports were flat in 2018 as a higheraverage price offset a drop in volume, according to data the Antwerp WorldDiamond Centre (AWDC) released recently. Weakness in the market for smallerstones prompted an increase in trading in larger diamonds,...
Polished Markets Feb 04, 2019 Rapaport News
Antwerp port
Belgium Prepares for ‘No-Deal’ Brexit
Belgium’s diamond industry has urged companies to preparefor the possibility of the UK leaving the European Union (EU) without a customsdeal.Trading between the EU and the UK will be subject to customschecks if the two parties fail to finalize an agreement...
Rough Markets Jan 21, 2019 Rapaport News
ICICI HQ
India’s ICICI Bank Exits Antwerp
India’s ICICI Bank will shut its branch in Antwerp onMarch 29, becoming the latest lender to quit the Belgian diamond market. The move followed a strategic review of ICICI’s businessoperations in the country, a spokesperson for...
Financial-Legal Jan 09, 2019 Rapaport News
Eurostar
Eurostar Enters Administration as Debts Mount
Eurostar Diamond Traders has entered restructuringproceedings in Belgium, having amassed substantial debts, according to the company’scourt-appointed administrator.The Antwerp-based diamond manufacturer owes morethan $500 million to creditors across its global operations, Alain Van den...
Financial-Legal Dec 25, 2018 Joshua Freedman
Antwerp Diamond Bourse 150
Belgium Sees Monthly Exports Falter
Belgium’s polished trade dropped in November, according todata from the Antwerp World Diamond Centre. Exports fell 11% amid a loweraverage price, with volumes down 1%. Rough shipments also declined. However,polished trading is up for...
Polished Markets Dec 18, 2018 Rapaport News
Antwerp
Higher Average Price Drives Belgium Exports
Belgium’s polished trade grew strongly inOctober, according to data from the Antwerp World Diamond Centre. Exports rose 17% amid a higher average price and steady volumes,reflecting trading in higher-value diamonds. Export value was...
Rough Markets Nov 25, 2018 Rapaport News
Brexit
Brexit Could Halt UK Rough Trade
The UK will temporarily be unable to import and export roughdiamonds if the nation leaves the European Union without an exit deal, thegovernment has warned. The UK is currently a member of the Kimberley Process (KP) byvirtue of its being...
Rough Markets Oct 21, 2018 Rapaport News
Antwerp
Record Average Price Lifts Belgium Exports
Belgium’s polished-diamond exports increased 5% in the thirdquarter as the average price hit a record high of $2,542 per carat. TheSeptember rate of $2,727 per carat was also the country’s loftiest result forany month, according to Rapaport...
Polished Markets Oct 11, 2018 Rapaport News
Union Bank Antwerp
India’s Union Bank Leaves Antwerp
Union Bank of India willclose its branch in Antwerp, citing the weak performance of its diamonddivision, Bloomberg reported.The office will shutwithin a year, the news service last week cited Rajkiran Rai Gundyadka, thebank’s CEO,...
Financial-Legal Sep 06, 2018 Rapaport News
Pink Diamond 150
30-Carat Fancy Pink Set for Antwerp Sale
Lesotho-focused miner Namakwa Diamonds will sell a29.59-carat, fancy-pink rough stone in Antwerp this fall.The company discovered the diamond at its KAO mine in theAfrican country on June 12, according to brokerage firm Bonas-Couzyn, whichwill facilitate...
Rough Markets Aug 27, 2018 Rapaport News
Cuts
Proprietary Cuts: Their Own Brand of Trouble
Creating and launching a proprietary cut is difficult for almost anydiamantaire. The costs can be prohibitively high, even for larger companies. Inaddition, the weak prices of non-round goods mean there’s no guarantee theventure will boost...
Manufacturing Aug 22, 2018 Joshua Freedman
Antwerp 150
Belgium Trade Increases in July
Belgium saw a jump in rough and polished shipments inJuly, reflecting higher average prices, according to data the Antwerp WorldDiamond Centre (AWDC) released this week. Imports and exports of bothcategories for the first seven...
Polished Markets Aug 14, 2018 Rapaport News
Alrosa 150
Alrosa Garners $1.5M at New York Polished Sale
Alrosa brought in $1.5 million from its firstpolished-diamond tender in New York since it reopened its office in the cityearlier this year. The Russian miner’s cutting division, Diamonds Alrosa,sold 111 polished stones weighing from...
Polished Markets Aug 09, 2018 Rapaport News
Belgium 150
Belgium’s Polished Trade Grows in June
Belgiumsaw an increase in polished imports and exports in June, continuing a modestupward trend for the sector this year. The rough trade slowed in June, butfigures are up overall for the year to date. Belgium Diamond Trade...
Polished Markets Jul 18, 2018 Rapaport News
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