Trade Shifts to Antwerp Amid Covid Spike in India

Market Analysis
14/05/2021 12:12

The global diamond market is under restraint as the supply of polished goods is delayed due to the Covid-19 surge in India. Trade has shifted to leading centers like Antwerp, where dealers are busy filling orders, predominantly through online and remote selling.

Overall the rough market in Antwerp appears to be stable as the center will host ten tenders this month. Year to date, Antwerp has hosted nearly 40 tenders. There is consistent demand for 1 to 3-carat polished diamonds, ranging from D to J color and IF to SI clarity.

Due to the ongoing spike in cases, most countries have placed India on a travel blacklist. Europe is optimistic about easing travel restrictions by the summer, especially for those who are fully vaccinated.

 

Image: Tender viewing in Antwerp, Antwerp World Diamond Centre