Record figures for Antwerp diamond industry, but profit margins under pressure

Over the past twelve months, Antwerp clearly confirmed its leadership role in the global diamond trade. A total of 227,2 million carats of rough and polished diamonds were traded, with a value of 58.8 billion USD, surpassing the 2012 record of USD 56.5 billion.  On the other hand global import and export figures do not provide any insight on profit margins or market liquidity, and thus these record-breaking figures are sharply contradicted by the difficult situation for the individual diamond traders. Narrowing profit margins, felt in diamond hubs throughout the world, have resulted in a tough year for diamond traders worldwide.

Both exports and imports of rough diamonds rose significantly compared to 2013. 114.5 million carats of rough diamonds were exported, valued at 15.7 billion USD, equaling a volume increase of 7.5% and an increase in value of 7%. As for imports, the increase is even more distinct. Compared to 2013, imports rose 10% in terms of volume, amounting to an increase in value of 13%. In total, no less than 99.9 million carats of rough diamonds were imported, for a total value of USD 14.9 billion.

Contrary to the rough trade figures, polished trade is clearly under increased pressure. On average, in terms of volume, exports of polished goods fell by 5%. At the same time, the total value of exported polished diamonds rose by 4%, indicating more high value goods were traded. Total exports of polished diamonds amounted to 6.4 million carats, with a value of USD 14.4 billion.

During a press conference for the national and international press, AWDC CEO Ari Epstein provided journalists with more insight on both the figures and the current market situation. The journalists were then invited to a guided visit at the Antwerp Diamond Trade Fair.