Antwerp's Diamond Trade Faces New Challenges Amid Global Industry Shifts
Antwerp's diamond district, a historic cornerstone of the global diamond trade, is experiencing unprecedented challenges. For over five centuries, the district has been a key player in the industry, with 80% of the world's rough diamonds passing through it. However, the industry is now under strain due to various pressures, including changes in consumer preferences, ethical concerns, and competition from synthetic diamonds. These factors are reshaping the diamond market and threatening Antwerp's long-standing dominance. The situation highlights the need for the industry to adapt to evolving market dynamics and consumer expectations. 
