What's the global journey of diamonds before they reach Antwerp's famous diamond district?
Diamonds travel a fascinating path from mines across the world to Antwerp's prestigious diamond district. The world's diamond production is concentrated in a few major mines, with each region offering unique characteristics. Canada emerged as a surprising diamond source in the 1990s, becoming the third-largest producer of gem-quality diamonds. Russia leads global production, though mainly of smaller stones under 1 carat. African nations, particularly Botswana, have been crucial producers, with government co-ownership boosting local economies. Australia, while no longer a leading producer, is renowned for its rare pink and red diamonds from the exclusive Argyle mine.
These rough diamonds eventually make their way to major trading centers like Antwerp, where they're traded, cut, and polished before entering the jewelry market. Antwerp's centuries-old diamond district remains a global hub for these precious stones, offering exceptional quality and craftsmanship through dealers like BAUNAT.