The Antwerp Diamond District, also known as the Diamond Quarter, holds a significant position in the global diamond industry. With a history going back to the 15th century, this district has remained a cornerstone for diamond trading for over 500 years. Its historic importance is underscored by the fact that an astonishing 84% of the world’s rough diamonds pass through this district.
The import of diamonds and diamond trading has been of substantial economic value to the city of Antwerp. The diamond industry contributes significantly to the city’s economy, employing around 34,000 people and generating an annual turnover of $54 billion.
The Diamond Quarter, or Diamantkwartier in Dutch, also acts as a symbol of cultural diversity in Antwerp, due to the variety of traders from different ethnic backgrounds such as Jewish, Indian, Maronite and Armenian communities. This multicultural aspect has added a unique flavor to the district, making it a vibrant hub for diamond trading.
History of the Diamond Quarter in Antwerp
The origin of Antwerp as a diamond hub traces back to the 15th century when the city served as a key trading center due to its strategic port location. Antwerp diamonds were not unique to the city but were imported from the principal diamond mines scattered across the globe. The merchants of Antwerp took advantage of the city’s robust trade networks to import rough diamonds, thus commencing the city’s journey in the diamond trade. The economic dynamics and strategic position of Antwerp made it an ideal junction for diamond traders from all corners of the world.
Over time, Antwerp evolved from merely a diamond trading market to a center for cutting and polishing diamonds. With the increase in the volume of diamond trade, the city started exploring the art of diamond cutting and polishing, perfecting it to the point where “Antwerp cut” became a benchmark in diamond cutting quality. Merchants realized they could significantly increase the value of rough diamonds by cutting and polishing them before sale, adding a critical step in the diamond supply chain within the city. This evolution also marked the rise in the skilled workforce and the establishment of various diamond-related industries. Thus, Antwerp’s journey from a trading center to becoming the world’s leading hub for diamond cutting and polishing is an incredible tale of evolution, skill development, and innovation.
Things to Know Before Visiting the Antwerp Diamond District
When you step into the Antwerp Diamond Quarter, you are immersing yourself in a world of unmatched brilliance and luxury. Visitors can expect to be dazzled by an array of magnificent diamonds, artfully displayed in the quarter’s many jewelry boutiques and diamond cutting workshops. The District, also known as the Diamond Square Mile, houses about 380 workshops that serve 1,500 companies. Here, approximately 84% of the world’s rough diamonds pass through, creating an international diamond trading hub that is alive with activity and a must-see on every visitor’s list.
DIVA, the museum for diamonds, jewelry, and silver presents an equally fascinating experience. The museum tells the captivating story of diamonds, covering their geological origins, their cultural significance through the ages and the intricate art of cutting and polishing these precious stones. With its rich array of authentic artifacts along with modern, interactive exhibits, the museum provides a comprehensive insight into the world of diamonds.
However, if you plan to make a purchase while visiting Antwerp, there’s some things you should know. As a consumer, it’s necessary that you educate yourself to make informed choices. Be aware that diamonds are valued based on the “4 Cs” – Carat, Cut, Color, and Clarity. Additionally, it’s crucial that any diamond you purchase comes with a certificate from a recognized gemological laboratory, providing an unbiased assessment of the diamond’s quality.
How We Work with Jewelers
At Manhattan Gold and Silver, we have 40 years of experience working with precious metals and jewelers. While we sell some jewelry making supplies like wire, rods, casting grain, and metal sheets, we also buy filings, polishing scraps, and bench sweeps. Jewelers who sell their scraps to us get to choose between being paid out in jewelry materials or money. Interested in selling to us? Get started with our payout estimator.
