Diamond Market in Antwerp
The city of Antwerp is the capital of Flanders but it is also the current capital of the diamond industry, being home to around 1,500 diamond firms, and the largest concentration in the world. These businesses include rough diamond producers and dealers, manufacturers and polished diamond wholesalers.
Diamonds are indeed one of Belgium's best friends and how deep the love goes is clearly exhibited in the diamond museums of the famous, medieval cities of Antwerp. For over 500 years the city of Antwerp and the diamond industry have been synonymous and in spite of competition from centres in the developing world its commercial future seems secure. It is said that what New York is to the world’s money markets, Antwerp is to the global diamond trade. Antwerp is also the centre of the secondary or rough diamond market. Diamond merchants from all over the world visit Antwerp on a monthly basis.
84% of the world’s mined diamonds end up in Antwerp. This is why Antwerp is the center of the world's diamond trade. The city is still home to a small but highly skilled group of diamond cutters who specialize in the processing of the most remarkable diamonds that come on the market. Antwerp is first and foremost a business center, backed by the most sophisticated financial and commercial infrastructure, expertise and experience that are unmatched anywhere else in the world. Hence, Antwerp is by far the most important diamond city in the world. Everyone agrees on that.