Antwerp Diamond Night

Guangzhou Diamond Exchange and the Antwerp World Diamond Centre will coorganize the Antwerp Diamond Day in Guangzhou, on the 28th of November 2018  Register now! Attend the educational seminars, an exclusive Meet & Greet and the Antwerp Diamond Night

Run of Mine Diamond Tender

From 19th-26th April, Guangzhou Diamond Exchange held a Run of Mine Diamond Tender in Guangzhou All parcels with a total weight of over 230,000 cts have been successfully transacted

Generic Public Course on Rough Diamonds

In March 2018, Guangzhou Diamond Exchange opened its first Generic Public Course on Rough Diamonds, including theoretical learning, trading experience sharing, factory visiting, as well as goods viewing, and the industry responded enthusiastically

Seminar on Diamond Supply and Demand

In March 2018, Stephane Fischler, President of World Diamond Council visited Guangzhou Diamond Exchange, and shared his view on China facing new opportunity and challenge on diamond supply

Happy Spring Festival

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Antwerp Diamond Trade Balanced in 2018

publish:2019-01-30

The Antwerp diamond industry traded a total of $46 billion in 2018, representing an increase of less than a percentage point over 2017 ($45.9 billion). There are three major areas of concern:

I. Polished Diamond Trade ends decline, average price of exports highest in over a decade

The decline of Antwerp's polished diamond trade for four consecutive years has come to an end, as its value grew by just under 2% to $22.9 billion。The rose is attributable to an increase in the average price per carat, with the price of polished exports increasing 5% to $2,392 per carat, marking the highest average price for exported goods in at least a decade; the average price of polished imports also rose by 1% to $1,994 per carat, marking the highest average price per carat imported since 2014. The increase in value of Antwerp’s polished diamond trade came despite a decline in the volume of goods traded, which fell to 10.5 million carats from 10.7 million carats.

The value of polished diamond exports to Antwerp’s two leading markets, the US and Hong Kong (supplying China), rose in 2018 by 12% and 7% respectively. The gains in the average price per carat were a global phenomenon, rising strongly in the first half of the year before declining in the second half due to weakening currencies in China and India and uncertainties surrounding the US-China trade war. The average price of Antwerp’s polished diamond exports rose above the global average. It also seems that despite all the publicity surrounding synthetic or laboratory-grown diamonds this past year, concerns that their increased presence on the market will have a negative impact on the price of natural diamonds, particularly in the United States, have to this point not come to fruition.

II. Rough market steady, prices rise while volume declines

On the rough market, where Antwerp retained its position as the world’s leading trade center, the overall value of goods imported and exported remained steady at $23.1 billion, compared to $23.3 billion in 2017. Here as well, a slight increase in the average price per carat compensated for a modest decline in the volume of goods traded. Rough diamond imports declined by nearly 3% in volume while the value showed less than half a percentage point decline from 2017, as the average price of imported rough goods gained 1%. Rough diamond exports fell 5% in volume, decline 1% in value and rose 4% in the average price of those exports.

The figures from Antwerp’s rough trade show clear signs of a global trend in the rough diamond trade over the past two years, with significantly higher volumes of lower-priced goods entering the market. By way of illustration, Antwerp exported 20% more rough goods in 2018 than in 2016, while the average price of those goods declined 18%, leaving the overall value of Antwerp’s rough diamond trade steady over the past three years.

III. Brexit looms

The fact that Antwerp’s rough diamond exports consistently exceed its imports by significant volumes is attributable to the European Union serving as a single member of the Kimberley Process, meaning that Antwerp is not necessarily the point of entry of diamonds to the EU, but is almost always the point of exit. Two of the world’s largest mining companies (Rio Tinto and Dominion Diamond Mines), with a combined annual production of 25-30 million carats, export their goods from Australia and Canada to Great Britain, and many of those goods subsequently travel freely to Antwerp where they are traded. All eyes in Antwerp will therefore be focused on the developments surrounding the Brexit, as it could potentially have a significant impact on age-old trade routes to Antwerp’s diamond trade in 2019. 
Source: The Diamond Loupe

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