02 Oct 2022
DiamondWorld Directory
-
Home |
News
Home
HRD faces consequences of the winds of Change
Future of Antwerp diamond industry uncertain
By: Diamond World News Service
|
Feb 27 2006 12:00AM
|
Reference: 225  

DecreaseIncrease

The Belgium diamond industry is in turmoil as its lead organization, the HRD Antwerp World Diamond Center, has seen resignations from government and De Beers sightholders. This is a result of an internal power struggle shifting power away from the larger Diamond Trading Company (DTC) sightholders toward the smaller diamond companies in Antwerp.

Camille Paulus, governor of Antwerp; Patrick Janssens, city mayor; Leo Delwaide, deputy city mayor; and Luc Van den Branden, peoples representative, all left the board. These actions were preceded by the resignations of HRD managing director Peter Meeus and board representatives Chaim Pluczenik (Pluczenik Group), Dilip Mehta (Rosy Blue) and Jacques Claes (IGC Group), all representing larger diamond companies.

One potential outcome of this power struggle is that De Beers sightholders and the Indian diamond representatives move their business away from Antwerp, leaving the diamond activity there a mere fraction of its former level. While there are a greater number of smaller diamond companies in Antwerp, it is the larger sightholders that control the bulk of the business there.

HRD Diamond Office is the customs office for diamonds. All diamonds moving in or out of Belgium pass through the Diamond Office. Operated by the HRD, and in collaboration with the financial and the economic services of the Federal Government, the HRD Diamond Office ensures the rapid handling and efficient government controls so necessary to the industry.
The diamond industry in Belgium was historically one of diamond cutting but today there are fewer than 1,000 polishers. The direction of the HRD and the Belgium diamond industry is now in the hands of a board with new members and leadership. Only time will tell what the new direction will be and what success it will produce.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31513
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8904
GJEPC Chairman Interview
Views: 27676
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38681
Promo for IJ Awards 2012 at NDTV Profit
Views: 56488
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67965
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21510
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50433
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 52279
Member of:
Supporter of: