Belgium Says Bye to Diamonds
Filed in archive Jewelry History by tammy on January 2, 2006
From the International Herald Tribune article, " In a Belgian city, twilight for diamonds:"
" On office doors, nameplates like Bernstein, Goldberg and Greenspan have been gradually replaced by those of Shah, Jhaveri and Gandhi.
Indian dealers began arriving in the 1970s, drawn by the lucrative trade and the easy Belgium immigration process.
"The Indians sent their workers here to learn and improve their techniques, and then they opened their own businesses," said Langerman, who, like some other Belgian diamond dealers, has opened a plant of his own in India. Indians handle two-thirds of the $26 billion diamond trade in Antwerp, while the once-dominant share of the Jewish dealers has been reduced to just a fourth.
This city, with its respected grading laboratory and four diamond exchanges, remains the world center for uncut diamonds, a domain of security guards, bulletproof cars and doormen in body armor
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