History on leading diamond cutting center
Antwerp, located on the Scheldt river in Belgium, has been the on-again, off-again center of diamond trade for over 500 years. The history of diamond cutting in Antwerp dates back to the early 1500s, but when the Spanish took control of the city in 1585, most of Antwerp's Jewish diamond cutters fled to Amsterdam, halting diamond production.
Today, Antwerp remains a global powerhouse in the diamond trade. With the thriving diamond Bourses containing some 1500 diamantairs, almost 85% of the world's rough diamonds, and about half of the polished diamonds (est. $16 billion US), pass through Antwerp every year. There are approximately 4,000 people working in Antwerp's diamond-cutting industry.