loader image
Connect with us

DiamondBuzz

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

Published

on

454 Views

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. 

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

DiamondBuzz

Alrosa Plans To Expand Diamond Production Through Severalmaz

Outlines An Expansionary Roadmap and Diversification Strategy Amid Market Volatility

Published

on

1,744 Views

Alrosa has confirmed a strategic pivot toward aggressive capacity expansion via its wholly-owned subsidiary, Severalmaz. Currently contributing approximately 10% to the Group’s aggregate output, Severalmaz is slated to become a primary engine for long-term value creation.

Despite prevailing macroeconomic headwinds and a softening in global demand for natural stones, Alrosa reported that the Lomonosov deposit maintained a stable production baseline, yielding an annualized run-rate of approximately 3.5 million carats through FY24 and FY25.

Key Strategic Pillars:

  • Operational Resilience: CEO Pavel Marinychev emphasized that Severalmaz serves as a systemically important entity within the Arkhangelsk regional economy, providing a “solid foundation” for the Group’s multi-decade development cycle.
  • CAPEX & Exploration: The firm is committed to significant capital expenditure directed toward greenfield exploration and the modernization of existing mining infrastructure to drive operational alpha and safety.
  • Portfolio Diversification: To hedge against cyclical diamond market downturns, Alrosa is actively de-risking its balance sheet by diversifying into gold mining and offloading approximately 30% of its inventory to Gokhran to ensure consistent liquidity flows.
  • R&D Synergies: The roadmap includes deep integration with regional scientific-industrial hubs to optimize extraction efficiencies and future-proof the production pipeline.
Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x