Diamond trading is a multi-billion dollar industry that is centred around a few key hubs around the world. These hubs are known for their high-volume trading, strong infrastructure, and access to a wide range of buyers and sellers.
Antwerp, Belgium: Antwerp is considered the diamond capital of the world, with over 1,500 diamond companies, including some of the largest diamond manufacturers and traders in the world. The city is known for its cutting-edge technology and skilled diamond cutters, making it the perfect place to buy high-quality, polished diamonds. Antwerp is also home to the Diamond High Council, which regulates the diamond trade and sets standards for diamond grading.
Mumbai, India: Mumbai is one of the largest diamond-cutting and polishing centres in the world. The city is home to a large number of diamond-cutting and polishing factories, which employ thousands of skilled workers. The majority of the diamonds traded in Mumbai are small, low-quality stones that are used in the jewellery industry.
Tel Aviv, Israel: Tel Aviv is another major hub for diamond trading. The city is home to a large number of diamond manufacturers and wholesalers, and is known for its high-quality diamonds. Tel Aviv is also home to the Israel Diamond Exchange, which is the largest diamond trading centre in the Middle East.
New York, USA: New York is one of the main centres for diamond trading in the United States. The city is home to the Diamond Dealers Club, which is the largest diamond trading organization in the country.
Dubai, UAE: Dubai has become one of the most important diamond trading centres in recent years, thanks to its strategic location and strong economy. The city is also known for its diamond trading events, such as the Dubai Diamond Conference and the Dubai Diamond Exchange, which attract buyers and sellers from all over the world. The city's tax-free environment and modern infrastructure make it a popular destination for diamond traders.
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