Why Antwerp is the Diamond Capital of the World
Antwerp is recognized worldwide as the diamond capital of the world. This is not a title that the city has been given for nothing. For more than five centuries, Antwerp has played a crucial role in the international diamond trade. The city has established itself as a central point where the finest and most valuable diamonds are traded. But what makes Antwerp so special in the world of diamonds?
A Historical Overview of Antwerp as a Diamond Center
Antwerp’s history as a diamond centre goes back more than 500 years. The diamond trade began when the first rough stones were imported from India. Local diamond traders in Antwerp quickly became known for their precision and attention to detail. Antwerp became a favourite destination for noblemen, including the French king François I, who preferred to buy his diamonds in Antwerp rather than in Paris.
The Establishment of the Antwerp World Diamond Centre
In 1973, the Antwerp World Diamond Centre (AWDC) was established, one of the leading organisations that coordinates and represents the Antwerp diamond sector. Located in the heart of Antwerp, the AWDC plays a crucial role in the import and export of diamonds. It is also home to the largest diamond mining companies that supply diamonds to thousands of traders worldwide.
The Diamond District of Antwerp
The diamond district of Antwerp, also known as the diamond quarter, is the beating heart of the diamond trade in the city. This district, located near the Central Station, is not only a tourist attraction, but also a center of trade and craftsmanship. With five streets, including Rijfstraat, Hoveniersstraat and Schupstraat, the district is the epicentre of the diamond industry in Antwerp.
The Beginning of the Diamond Trade in Antwerp
Antwerp was already a strategically important trading city in the 15th century thanks to its location on the Scheldt, which provided direct access to the North Sea. The first formal mention of diamond trading dates from 1447, when the city introduced strict rules against the trade in fake gemstones. In 1476, Lodewijk van Berken introduced a new diamond cutting tool that revolutionized the industry. The invention of this tool laid the foundation for the glittering facets that give diamonds their characteristic sparkle.
The Influence of Vasco da Gama and the Jewish Community
Antwerp’s position in the diamond trade was further strengthened by the discovery of a direct sea route to India by the Portuguese explorer Vasco da Gama in 1498. This route shift ensured that Antwerp would play an even more important role in international trade. After World War II, the Jewish community dominated the diamond industry, which contributed to Antwerp’s increased status as a center of diamond trade.
Modern Times: Diamond Companies in Antwerp
Today, around 1,500 diamond companies have their headquarters in Antwerp, giving the city the highest concentration of diamond companies in the world. Countries such as South Africa, Australia, Russia and Canada export their diamonds directly to Antwerp. Around 85% of rough diamonds, 50% of polished diamonds and 40% of industrial diamonds pass through Antwerp at some point, giving the city a crucial role in the global diamond trade.
The Future of Antwerp as a Diamond Centre
Antwerp’s Diamond Quarter, with an annual turnover of $54 billion, remains the most important location for the global diamond trade. The district has 380 workshops that provide services to 1,500 companies. Its proximity to Central Station and the Meir, Antwerp’s main shopping street, makes it an ideal location for traders and tourists.
Conclusion: The Road to Exclusivity
Antwerp has been synonymous with quality and craftsmanship in the diamond industry for centuries. The city continues to be a magnet for traders and customers looking for diamonds of superior quality. With its rich history, strategic location and advanced infrastructure, Antwerp looks set to retain its position as the diamond capital of the world. For anyone looking for the perfect diamond, Antwerp remains the ultimate destination.
With its rich history, modern facilities and undeniable craftsmanship, Antwerp remains the undisputed diamond capital of the world. Visit Diamantwerp for an extensive collection and expert advice on finding your perfect diamond.