Belgian Diamond Bourses Respond to WFDB/DTC Statement

The Federation of Belgian Diamond Bourses expressed reserved optimism this week following the publication of a joint media release by the World Federation of Diamond Bourses and the DTC regarding rough diamond supply.

A WFDB delegation met with the DTC on November 12 to express its concern about supply of rough diamonds to a shrinking number of firms, harming small and medium size manufacturers. In the press release DTC expressed a willingness to consider supplying more rough through Diamdel – beyond the $500 million worth of diamonds per year it already committed too.

The FBDB says it “once more express its concern with regard to the supply of rough diamonds to the Antwerp market”. They went on to say they hope that all possible channels will be used to meet the supply needs of the Belgian manufacturers.

The presidents of the four Belgian diamond bourses signed the letter, concluding, “Cautious optimism is only allowed under these circumstances”.