For the first time, The Antwerp Diamond Centre (AWDC) will participate in the Mine Entra exhibition in Zimbabwe. “Now that the European sanctions on diamonds are lifted, the way is open for intensive collaboration between Zimbabwe and Antwerp commercial center for diamonds,” said Ari Epstein, the CEO of the AWDC.
Antwerp is the world’s most important trade center for diamonds as almost 84 percent of all rough diamonds and 50 percent of all polished loose diamonds pass through Antwerp today. Now that the European sanctions have been lifted the AWDC was able to descend to Zimbabwe to take part in the Mine Entra Fair for rough and polished loose diamonds.
Antwerp has become a very important partner to the Zimbabwe diamond trade. Epstein explained that in recent months, the AWDC has organized a number of auctions for diamonds through which Zimbabwe has been able to sell at very good rough diamond prices.
Because of the large diamond market with numerous potential diamond buyers located in Antwerp, Zimbabwe can stimulate their own market for Zimbabwean rough diamonds. In total, about 1700 diamond companies and diamond shops operate in Antwerp.
"Diamonds selling at good diamond prices have a positive impact on the market, the diamond mining revenues and the increasing demand for transparency in the loose diamond market," said Epstein. "These higher revenues are a crucial element of the sustainable social and economic development of Zimbabwe."