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Belgium Trade Cuts Diamond-Research Funding
Jul 21, 2019 5:31 AM
By Rapaport News
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RAPAPORT... The Antwerp World Diamond Centre (AWDC) will no longer provide financial backing to the city’s diamond-technology unit, citing difficult conditions in the local industry.
“As a result of the high cost of labor in our country,
almost the entirety of our diamond manufacturing has relocated abroad,” AWDC
spokeswoman Margaux Donckier said Friday.
The AWDC established the Scientific and Technical Research
Center for Diamond (WTOCD) in 1977 to support the Belgian diamond-manufacturing
sector. The venture was created to improve Antwerp’s competitive position in
the global industry, and to develop and implement products for the trade.
“The market for these high-quality machines in Antwerp
continues to shrink,” Donckier noted. “They are also too hi-tech, and too
expensive, for the majority of polishing units in low-wage countries.”
Those factors have put WTOCD in a difficult situation,
Donckier explained. AWDC tried to work with the research center on Fenix, a new,
fully automated diamond-polishing process that it believed would offer a
competitive edge to Antwerp’s diamond industry. However, the technology, which had
been set to debut last September, is still not ready.
“The technology has the potential to spark a
revolution in diamond polishing, but at this point we recognize that additional
investments are needed to ready the product for the market,” Donckier added,
stressing that AWDC cannot afford to invest more given the state of the market.
During the course of its operations, WTOCD created synthetics-detection equipment, such as the M-Screen+ machine, which is sold by HRD Antwerp.
Image: The Fenix automated-diamond-polishing machine. (AWDC)
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Tags:
Antwerp World Diamond Centre, AWDC, Fenix, HRD Antwerp, Margaux Donckier, M-Screen+, Rapaport News, Scientific and Technical Research Center for Diamond, WTOCD
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