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Press Release: Today, the Antwerp World Diamond Centre (AWDC) and Bain & Company released its third annual report on the global diamond industry, ''Journey through the value chain.'' The report focuses on the diamond value chain and traces diamonds’ route to market, offering for the first time a detailed view of channels and approaches for rough and polished diamond sales.
Following the success of the first two studies, Bain & Company and AWDC renewed their collaboration and prepared a new report for 2013.
Ari Epstein, the CEO of AWDC, said, "With ‘Lifting the Veil of Mystery,’ AWDC and Bain & Company were able to provide unprecedented insight in the complex dynamics of our industry. The resulting document is widely acknowledged as an invaluable tool in understanding how the global diamond industry works. The second report, 'Portrait of Growth,' provided an in-depth analysis of the underlying processes of consumer demand and preferences. This third report is another valuable addition to understanding how our business works and which challenges lay ahead."
Stéphane Fischler, the president of AWDC, said, “Given Antwerp’s responsibilities as the historical and international leading trade center, it is only fitting that AWDC again takes the lead in sponsoring this latest report. Over the course of hundreds of years, Antwerp has created a robust diamond cluster that includes a multitude of specialized players, including producers, sightholders, high-end cutters and polishers and specialized financial and educational institutions. The dynamics of competition and cooperation ensure that the city remains at the heart of the international diamond trade. These reports are a testimony to the long-term commitment and intellectual stewardship of Antwerp as the world's diamond capital.”
In addition to the focus on the diamond value chain, the report compares 2012 results with those of previous years, highlighting the impact of continuing economic uncertainty on the diamond market.
Furthermore, the report reviews a significant new trend in diamond production: a stream of M&A activity among the top producers of rough diamonds. Other new elements in this report are in-depth analysis of diamond sales models and approaches. Finally, the report summarizes key challenges and provides an outlook for the diamond industry through 2023.
You can download the report here: http://www.awdc.be/en/journey-through-value-chain
AWDC, short for Antwerp World Diamond Centre, is an industry-established foundation, whose mission is to serve and support the diamond business in Antwerp, the world's most important diamond trade hub. AWDC is the coordinating body and the official representative of the Antwerp diamond sector, and as such are recognized internationally as the host, spokesperson and intermediary for the Belgian diamond community. In this capacity, AWDC liaises on behalf of the Belgian diamond sector with governments and actively promotes support for the diamond sector at home and abroad.
Eight four percent of all rough diamonds and 50 percent of all polished diamonds pass through Antwerp. Diamonds represent 5 percent of the total Belgian exports and 15 percent of all Belgian exports outside the E.U., making diamonds the most important export product outside the E.U.
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