---
title: "The Belgian diamond industry is facing a crisis, with a large number of diamond trading companies withdrawing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/222664906.md"
description: "The Belgian diamond industry is facing a crisis as the one-year anniversary of the EU's \"diamond ban\" approaches, leading to a mass exodus of diamond trading companies from Antwerp. The region once had nearly 2,000 related enterprises, with over 6,000 jobs directly linked to the diamond industry. To comply with the ban, traders must provide certificates of origin and traceability systems, and financial accounts are subject to strict regulation. Belgium's rough diamond imports have decreased by 38% this year, resulting in significant job losses"
datetime: "2024-12-18T10:41:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/222664906.md)
  - [en](https://longbridge.com/en/news/222664906.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/222664906.md)
generator: "portal-rs"
---

# The Belgian diamond industry is facing a crisis, with a large number of diamond trading companies withdrawing

One year after the European Union issued the "Diamond Ban," what is the state of the diamond industry in Europe? Hoveniersstraat in Antwerp, Belgium, is a historic diamond street with a history of hundreds of years, where nearly 2,000 diamond-related businesses once thrived along this street of over 100 meters. According to statistics, there are more than 6,000 jobs directly related to the diamond industry in Antwerp. To comply with the "Diamond Ban," diamond traders are required to provide certificates of origin and implement diamond traceability systems, and traders' financial accounts are also subject to strict restrictions and supervision. The import volume of rough diamonds in Belgium has sharply declined, dropping by 38% this year alone, leading to a significant loss of jobs. In the past two years, many companies engaged in diamond trading have gradually left. (CCTV Finance)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**