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Antwerp’s Diamond Trade Sees Positive Momentum
Combined imports and exports up 9% in value and 14% in volume year on year in first half.
Tariff Exemption Gives Antwerp a New Lease on Life
Select Belgian companies are increasing their local manufacturing — though many are still assessing the unpredictable situation.
Antwerp’s diamond industry has encountered plenty of hurdles in the past 20 years. India outcompeted it on costs, taking more and more of the city’s share in the global manufacturing business. Banks reduced Belgian dealers’ access to credit. Covid-19 lockdowns pushed business to Dubai. And Russian sanctions made Antwerp’s mainstays rethink their…
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