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The Evolution of Diamond Prices: A Historical Journey with Industry Expert BAUNAT

Where it all began: The origins of diamonds 

Unearthing the history of diamond trade, the narrative stretches back to the 4th century BC with the glorious land of India as the pioneering source. India, a land enriched with alluvial diamonds, allowed these precious gems only to its affluent classes, given their rarity and restricted production. However, enterprising trade routes soon brought these captivating treasures to Western Europe, establishing diamonds as a firm favourite among the wealthy by the 1400s. 

As the diamond bands in India began to thin by the 1700s, Brazil ascended as a potent alternative. Gold miners stumbled upon alluvial diamonds along the local rivers, making Brazil the reigning king of the world's diamond market for the next 150 years.  

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How has the global diamond market evolved from its ancient origins to today's modern industry?

The diamond trade's fascinating journey began in 4th century BC India, where these precious gems were initially reserved for the wealthy elite. As trade routes expanded, diamonds reached Western Europe by the 1400s, gaining popularity among the affluent. When India's diamond supplies diminished in the 1700s, Brazil emerged as the leading source for the next 150 years. The industry transformed dramatically with the discovery of diamonds in Kimberley, South Africa, in the late 1800s. Cecil Rhodes' establishment of De Beers in 1888 revolutionized the market, controlling about 95% of global diamond production by the 20th century. The discovery of new deposits in various countries and the emergence of Antwerp as a major trading hub has shaped today's diamond market. BAUNAT, situated in Antwerp's Diamond District, represents the modern evolution of this industry, offering expert knowledge and high-quality diamonds to smart luxury consumers.

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The surge in diamond demand and the discovery of new deposits 

The diamond prices' evolution acts as a mirror reflecting the increasing demand from a populace yearning for these sparkling marvels. This escalating demand prompted explorers to find new diamond reserves, which led them to Kimberley, South Africa, in the mid/late 1800s. It was then that the modern chapter of diamond history began to unfold.

Cecil Rhodes, the icon of diamond mining, revolutionized the industry with the establishment of De Beers Consolidated Mines Limited in 1888. By the 20th century, De Beers was responsible for producing around 95% of the world's diamonds. The iconic Cullinan Diamond, the largest diamond ever discovered, weighing 3106 carats, is a testament to De Beers' reign and Rhodes' impact on the diamond market. 

 

Diamonds and Antwerp: A love story steeped in centuries  

By the 1970s, South Africa, the former Soviet Union, and the Democratic Republic of Congo emerged as key producers of rough diamonds, followed by Botswana in 1982, Australia in 1985, and Northern Canada in 2000. 

Diamonds in Antwerp, a thriving trading hub dating back to the 1400s, are woven into the city's cultural DNA. Antwerp, an enduring centre for diamond trade, welcomes diamonds from all corners of the earth, serving as a pivotal transit point for both rough and polished stones. 

Located in the heart of the Diamond District, BAUNAT has established itself as a trusted industry expert in the diamond market, embodying the essence of smart investment, quality, and efficiency. Offering a comprehensive range of diamond types, BAUNAT stands ready to cater to the unique needs and preferences of the Smart Luxury Consumer. For any questions about diamonds in Antwerp or to purchase an exclusive piece of jewellery or individual diamond, contact us at BAUNAT - your one-stop solution for quality, personalized service and value. 

As we look back on the diamond prices' evolution, it's clear that the importance of staying current with industry knowledge is paramount. This perspective into our industry ensures that you, as a Smart Luxury Consumer, are equipped with the latest and most accurate information when investing in diamonds. 

  • Fabienne Rauw

  • BAUNAT Antwerp

  • Fabienne, manager of the German market is able to guide every client with finding the right jewel. She takes care of most of the German orders, but also takes other task on her plate. Thanks to her six  years of experience at BAUNAT she acquainted well with the product and the marketing around it. Her degree in PR ensures that BAUNAT is well presented across all media channels. For anyone looking into a new investment opportunity, Fabienne is the perfect guide in this process. No question will be left unanswered, and she will help you every step of the way.

Fabienne, manager of the German market is able to guide every client with finding the right jewel. She takes care of most of the German orders, but also takes other task on her plate. Thanks to her six  years of experience at BAUNAT she acquainted well with the product and the marketing around it. Her degree in PR ensures that BAUNAT is well presented across all media channels. For anyone looking into a new investment opportunity, Fabienne is the perfect guide in this process. No question will be left unanswered, and she will help you every step of the way.