Quiet pressures reshaping the world of diamonds
Summary
Antwerp’s diamond district has been a central hub for the global diamond trade for more than 500 years. However, new challenges are changing the industry and putting pressure on the city’s historic role in the diamond market.Key Facts
- Antwerp has handled about 80% of the world’s rough diamonds for centuries.
- The diamond industry in Antwerp is facing new difficulties not seen before.
- These challenges are affecting the traditional way diamonds are traded and distributed.
- The global diamond market is evolving, causing changes in key trading centers like Antwerp.
- The report was featured on CBS News and covered by correspondent Chris Livesay.
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