Financial Crisis Continues to Threaten Antwerp Diamond Industry

Antwerp traded a total of €33 billion in cut and uncut diamonds in 2019, 20% less than in 2018, and a figure reminiscent of the levels last seen in the financial crisis years of 2009-2010. The AWDC says it foresees no improvement this year, but recovery should be expected in 2021. Antwerp is not alone….