DiamondBuzz
Total value of Antwerp’s diamond imports and exports fall by over a third

The total value of all Antwerp’s diamond imports and exports fell by over a third in the first two months of 2025, according to the Antwerp World Diamond Centre (AWDC) as the global slowdown and the impact of lab gowns were compounded by the effects of G7 sanctions on the sole verification point.
Imports fell 36 per cent by value, from $2bn in January and February 2024, to $1.3bn in the same months of 2025 and were down by 17 per cent in carat terms, from 26.8m carats to 22.1m carats.
Exports were down by almost 38 per cent to $1bn by value and down 24 per cent to 11m carats by volume.
Average per carat rough prices recorded by the AWDC’s Diamond Office fell by over 11 per cent from January 2024 to January 2025 to $98.36 and polished prices were down by over 9 per cent during the same period to $1.940.69.
Antwerp had suffered geopolitical tensions, dwindling demand and lab grown popularity like other diamond centers, said Karen Rentmeesters, CEO of AWDC at an inaugural Town Hall meeting (on 12 March). But it was only the only hub hit by the G7 sanctions on Russia, which wiped out over a quarter of its supply. “There’s geopolitical tensions, there’s dwindling demand, there’s increased competition from lab grown or synthetic diamonds. And this has had a severe impact on the trade, on the volumes, across the board. We see it in all the trade hubs and the manufacturing hubs.”
She also noted that figures for January and February 2024 were just before the implementation of indirect G7 sanctions on 1 March 2024, outlawing diamonds of 1.0-cts or above, even if polished outside Russia.But she said Antwerp, alone among diamond hubs, had been hit by the G7 sanctions. Antwerp has been the sole verification point for rough goods entering the G7 (and the EU) countries since 1 March 2024, although the European Commission (EC) has said it will be establishing a second entry point in Botswana.

DiamondBuzz
De Beers opens flagship store in Dubai Mall

De Beers has unveiled its new flagship boutique in Dubai Mall, marking a significant expansion into the UAE in partnership with Chalhoub Group. Rooted in over a century of diamond expertise, the store showcases the brand’s iconic collections—including Talisman, Enchanted Lotus, and RVL—alongside one-of-a-kind high jewellery pieces. Inspired by nature and blending Southern African heritage with London design, the boutique offers a luxurious, immersive space that celebrates De Beers’ legacy and craftsmanship.
Drawing on diamond expertise stretching back to 1888, the jewellery house marks life’s gradual evolution with meaningful creations. Just as rough diamonds are transformed into exquisite De Beers jewellery, the house honours the heartfelt moments, big and small, that define who we become.
Situated on the ground floor of the prestigious Dubai Mall in downtown Dubai, the new boutique takes design cues from the De Beers flagship on London’s Old Bond Street. Resplendent in the house’s signature shades of blue, white and orange, the furnishings and decorations have been chosen to represent locations close to De Beers’ heart. The boutique is designed to foster connections between clients and Brand Ambassadors, with a combination of open-plan space to explore the collections and intimate private areas. A bespoke lighting system was developed to showcase the fire, life and brilliance of each De Beers diamond.
DiamondBuzz
Rio Tinto records 27% y-o-y rise in output for Q1 2025 primarily driven by Diavik diamond mine

Rio Tinto reported a significant 27% year-on-year increase in diamond production for Q1 2025, reaching 942,000 carats compared to 740,000 carats in Q1 2024. This growth was primarily driven by operational improvements at the Diavik diamond mine in Canada’s Northwest Territories, Rio Tinto’s sole operating diamond asset. The strong quarterly performance marks a robust recovery after a volatile 2024, positioning the diamond division for a stronger 2025.
The Diavik mine processed 394,000 tonnes of ore in Q1 2025, up from both Q1 and Q4 2024, reflecting enhanced operational efficiency and throughput. The Q1 2025 output is a marked rebound from the 542,000 carats produced in Q3 2024, when production was hampered by temporary mine closures due to safety concerns.
The Diavik mine is currently Rio Tinto’s only diamond-producing asset, following the closure of the Argyle mine in Australia in 2020.
The surge in output is attributed to: Successful ramp-up of underground mining at the A21 pipe, following the completion of the first phase of development. Increased ore processing volumes and improved operational efficiency. Recovery from previous disruptions, including a temporary shutdown in Q3 2024 due to ground instability in the A154 underground region.
The extension of Diavik’s mine life signals confidence in the long-term fundamentals of the diamond industry, even as global supply and demand dynamics remain volatile.
DiamondBuzz
Beyond Shining Illusions video : hidden truths behind diamond mining in Sierra Leone, Lesotho, DRC

The video Beyond Shining Illusions, released by the Kimberley Process Civil Society Coalition (KP CSC), offers a powerful and eye-opening look at the often hidden truths behind large-scale diamond mining in countries such as Sierra Leone, Lesotho, and the Democratic Republic of Congo. Through real stories and interviews with local people, the video challenges the claims made by the Kimberley Process (KP) and calls attention to the ongoing issues affecting mining communities.
Since its founding in 2003, the Kimberley Process has aimed to prevent the sale of “conflict diamonds”—those used by rebel groups to fund wars against legitimate governments. According to the KP, 99% of diamonds in the market today are “conflict-free.” However, the KP CSC argues that this definition is too narrow and outdated. While it may seem that the problem is almost solved, the video reveals that many serious problems still exist, just under a different name.
In the 17-minute documentary, we hear directly from people who live near or work in diamond mines. They talk about the violence they face from security forces that protect mining operations, as well as the health risks caused by pollution from blasting and waste management. The voices of these communities are usually not included in the shiny advertisements and positive messages often associated with diamonds.
What makes this video especially important is its mission to go beyond the surface and show the full truth. The KP CSC wants to broaden the definition of “conflict diamonds” to include harm caused by governments and corporations, not just rebel groups. They also want to highlight environmental damage and human rights abuses that are still happening today.
In conclusion, Beyond Shining Illusions is a necessary reminder that the beauty of diamonds often hides a painful and complex reality. we need to look beyond marketing messages and learn the full story behind the things we value. Only then can we support real changes that help protect people and the environment in mining communities around the world.
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