Rough diamond prices experienced the first-ever hike after last July. The rise is enjoyed by the high-end diamond traders based in Antwerp as well the diamond dealers around the world.
Antwerp, Belgium is undoubtedly the diamond capital of the world. Diamond prices have gained momentum by 4% in Oct 2021 with the demands of jewellery rising in the key markets.
Diamond prices in Antwerp saw a record high post-pandemic. There was a drop in the demand for rough and polished diamonds but the prices remained constant during the Covid hit 2020.
Diamond prices in Antwerp saw a record high post-pandemic. There was a drop in the demand for rough and polished diamonds but the prices remained constant during the Covid hit 2020.
Belgium's polished-diamond exports jumped 50% year on year toward $941 million hitting in October. It was a steady jump since May 2019. The diamond prices are estimated to have been risen due to the holiday seasons ahead. The increase for the month was the country’s eighth in a row, according to Rapaport calculations based on recent data from the Antwerp World Diamond Centre (AWDC).
Another reason that may have triggered the sudden increase is due to the Omnicron variant rapidly spreading in the African continent. The trade right now is absolutely shut. The majority of rough diamonds are supplied from the African mines. Due to the trade shutting down the supply has decreased to a great extent. With the decreased supply and increased demand, rough diamonds have breached the prices.
Rough diamond prices experienced the first-ever hike after last July when they hit a record low. The rise is enjoyed by the high-end diamond traders based in Antwerp as well the diamond dealers around the world. The diamond world has again held its breath about whether the sudden trajectory will reach an apex or the prices will remain stagnant for the months to come?
The price rise has come after the booming sales in diamond jewellery triggered by consumer demands in USA and China. Diamond jewellery has been observed doing exceptionally well since May 2020. The buyer's analytics show that the average size of diamonds set in jewellery has risen from 1.06 carats to 1.22 carats in the last two months. The definite rise has shown that people are more inclined towards luxury purchases. It is estimated that the price will be steady in the coming year.
Every day approximately $220 million worth of diamonds passes through the Antwerp district. With over $54 billion gains in a year, it is one of the top-most grossing districts in the world.
Looking for a trusted Round GIA-Certified diamond dealer in Antwerp? Anita Diamonds has been dealing in rough and polished diamonds for the last decade. With offices in Antwerp, Israel, and UAE, we are considered the largest exporters of diamonds in Belgium.
The price rise has come after the booming sales in diamond jewellery triggered by consumer demands in USA and China. Diamond jewellery has been observed doing exceptionally well since May 2020. The buyer's analytics show that the average size of diamonds set in jewellery has risen from 1.06 carats to 1.22 carats in the last two months. The definite rise has shown that people are more inclined towards luxury purchases. It is estimated that the price will be steady in the coming year.
Every day approximately $220 million worth of diamonds passes through the Antwerp district. With over $54 billion gains in a year, it is one of the top-most grossing districts in the world.
Looking for a trusted Round GIA-Certified diamond dealer in Antwerp? Anita Diamonds has been dealing in rough and polished diamonds for the last decade. With offices in Antwerp, Israel, and UAE, we are considered the largest exporters of diamonds in Belgium.
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