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New Banking Law Set to Support Antwerp Trade
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Belgium’s federal parliament has approved a new law entitling diamond companies to open bank accounts even after suffering repeated rejections.The Basic Banking Law guarantees fundamental banking services to all Belgian companies, the Antwerp...
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Polished Markets
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Oct 27, 2020
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Joshua Freedman
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Chaim Pluczenik Becomes AWDC President
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The board of the Antwerp World Diamond Centre (AWDC) has elected Chaim Pluczenik as president, a spokesperson for the trade organization said Monday.Pluczenik, owner of Antwerp-based dealer Pluczenik Diamond Company, replaces Nishit Parikh, who...
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Polished Markets
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Oct 19, 2020
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Rapaport News
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Hong Kong Show Cancellation Hits Belgium Trade
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Belgium’s polished shipments slumped last month as the cancellation of the September Hong Kong show and continued uncertainty around Covid-19 stalled the sector’s recovery.“Rough is performing really well; polished is still somewhat subdued,” a spokesperson...
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Polished Markets
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Oct 12, 2020
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Rapaport News
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Nishit Parikh Stepping Down as AWDC President
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The Antwerp World Diamond Centre (AWDC) has reshuffled its leadership team, with president Nishit Parikh retiring and six new members joining the board.Parikh, the CEO of Diarough, chose not to run again...
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Polished Markets
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Oct 01, 2020
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Rapaport News
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Belgium Exports Rise as Demand Returns
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Belgium’s polished-diamond exports grew for the first time in 16 months in August, as demand rose after a long period of inactivity.“There’s definitely demand and shortages in certain categories. People are buying again,” Karen Rentmeesters, senior communications...
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Polished Markets
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Sep 09, 2020
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Joshua Freedman
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Belgium Sees Trading Slump Ease
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Belgium’s diamond shipments continued to fall in July, but the rate of decline slowed as markets reopened following coronavirus shutdowns. The country’s polished exports dropped 35% year on year for the month, compared with a 44%...
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Polished Markets
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Aug 30, 2020
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Rapaport News
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Belgium’s Diamond Shipments Drop Further
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Belgium’s diamond trade slowed in June, with polished exports down 44% year on year to $469 million, according to data from the Antwerp World Diamond Centre (AWDC). However, the rate of decline eased following heavier...
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Polished Markets
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Jul 05, 2020
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Rapaport News
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Slowdown in Belgian Shipments Eases
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Belgium’s diamond trade continued to decline in May, but at a gentler pace that in the previous month as global markets gradually reopened. Total imports and exports of rough and polished stones fell 81% year on year, compared...
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Polished Markets
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Jun 25, 2020
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Rapaport News
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HRD Shuts Equipment Unit in Reorganization
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HRD Antwerp has closed its equipment division, effective June 9, as part of a restructuring of the Belgian grading laboratory.The organization will increase its focus on its grading and education services, CEO Ellen Joncheere said in a statement...
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Technology
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Jun 10, 2020
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Rapaport News
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Antwerp Trade Suffers Its Worst Month Ever
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Belgium’s diamond trade fell to its lowest level on record in April as US orders dried up and the shutdown of the aviation industry made transporting goods almost impossible.Total diamond shipments in and out of Belgium slumped 89% year...
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Polished Markets
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May 13, 2020
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Joshua Freedman
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Belgian Exports Slump as COVID-19 Hits US
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Belgium’s polished-diamond exports dropped 51% to $513.7 million in March, reflecting the impact of the coronavirus on global shipments.Exports to the US fell 47% to $152.9 million, according to data from the Antwerp World Diamond Centre, as the pandemic...
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Polished Markets
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Apr 28, 2020
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Rapaport News
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Belgian Banks Postpone Loan Repayments
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Belgium has introduced emergency financial concessions to help companies survive the current downturn, offering businesses extra time to repay loans and meet tax obligations.The government and banks have agreed to postpone repayments of existing...
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Financial-Legal
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Mar 30, 2020
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Rapaport News
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Belgium, Israel to Hold Online Diamond Fair
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Belgian and Israeli industry organizations are jointly organizing a virtual trade show to compensate for the cancellation of major exhibitions around the world.The Online Diamond Trade Fair will run from March 30 to April 3, the...
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Polished Markets
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Mar 18, 2020
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Rapaport News
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AWDC Launches Artisanal Certification in Guinea
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The Antwerp World Diamond Centre (AWDC) will introduce a certification project for Guinea’s artisanal miners that will identify their rough diamonds as conflict-free.The AWDC has based the program on the Maendeleo Diamond Standards...
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Mining
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Mar 15, 2020
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Rapaport News
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Belgium’s Polished Exports Slump 55%
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Belgium’s polished-diamond exports dropped 55% to $560 million in February, reflecting a slowdown in the market due to the coronavirus. However, rough imports grew, continuing a trend that began in January, data from the Antwerp World Diamond...
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Polished Markets
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Mar 08, 2020
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Rapaport News
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Alrosa to Maintain Supply Flexibility
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Alrosa has pledged to remain flexible with its supply policy during the current industry downturn, as the coronavirus has left clients unsure how much rough to buy.“The virus has triggered uncertainty, and our...
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Rough Markets
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Mar 08, 2020
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Rapaport News
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Belgium’s Polished Trade Slows in January
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Belgium’s polished exports dropped 22% year on year in January, with volumes and average price both falling. Outbound shipments have declined for nine consecutive months, according to Rapaport archives based on data from the...
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Polished Markets
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Mar 03, 2020
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Rapaport News
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HRD Antwerp Not for Sale (for Now)
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The Antwerp World Diamond Centre (AWDC) has postponed the sale of HRD Antwerp, and will instead embark on a turnaround strategy for the laboratory.“The [AWDC] board of directors and standing committee decided not to sell...
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Polished Markets
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Feb 23, 2020
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Joshua Freedman
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Peter Meeus Bids Again for HRD Antwerp
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Former HRD Antwerp chief Peter Meeus has made a second offer to buy the Belgian laboratory, after its owners rejected his initial proposal.“I’m going straight to the Hoveniersstraat 22 to [deposit] my new bid,” Meeus said...
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Polished Markets
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Feb 19, 2020
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Joshua Freedman
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Belgium Shipments Hit 10-Year Low
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Belgium’s diamond trade declined in 2019 as excess supply led to slower demand for rough and polished, the Antwerp World Diamond Centre said Wednesday.Polished exports fell 13% to $9.93 billion, their lowest level since...
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Polished Markets
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Jan 16, 2020
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Rapaport News
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