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The Ongoing Antwerp Saga
October 23, 2008


Rapaport has an overseas report with an overview of the latest raid in Antwerp:


For years, Silvain G. [of Omega Diamonds] has been trading in diamonds from Angola through ASCorp, which was set up by the Angolan state in order to counter the smuggling of blood diamonds. Sources at the court state that a consignment of diamonds without the required Kimberley Process Certificates was found, and the investigators assume from that that they were illegally imported …


This is pretty striking, if true – to my knowledge, it's the first investigation involving a major company and an alleged violation of Kimberley. (It's also interesting that this company apparently also buys through official channels.)   In fact, one of the things that upset people in Antwerp is that this investigation is apparently not related to the Monstrey case -- so the implication is, there are currently multiple investigations of the industry.

(By the way, let me just stress that nothing has been proven against this company -- and that the case apparently does not involve actual blood diamonds, just a violation of the system designed to fight them.)

Now, the local Prosecutor has told the media that he is not targeting the industry – but he also noted the diamond sector has had "a number of crimes such as forgery, money laundering of criminal material benefits, breaches of the VAT and CIR-law.”  (That link is in Flemish; here is a very rough translation.)


What’s sad is that tension between Antwerp (the city) and its diamond industry has been going on for at least a decade. In response to this latest incident, the Antwerp World Diamond Center put out a statement noting the diamond industry’s importance to the local economy. That’s all true; and yet the industry and local government seem to still be at odds after ten years of investigations, raids, agreements, court cases and related drama. It's hard to see where this goes now, but it doesn't look good -- for either Antwerp, or the industry.


Posted by Rob Bates on October 23, 2008 | Comments (3)


October 27, 2008
In response to: The Ongoing Antwerp Saga
Red Bull commented:

in life there is life(start)and death(end) In diamond business it is the same ; you have the star of the operation;and the end of the operation ;Now it is the Time of the Ending period of corruptions and criminal in white collars who took adavntage of the poors countriesand use them leaders to provide weapons to purchase diamond an precious raw material ;period of laudering money in the same time to be able to finance illegal activities and finance terrorists groups"hezbollah" and "al kaida" ;it is the end now of this period..a new start will come with clean people who really want the diamond business to be 'diamond business; not mafia business




October 27, 2008
In response to: The Ongoing Antwerp Saga
Addamo commented:

I started as a diamond cleaver in Antwerp on Nov.3, 1959. Many Jewish and Belgian gentile families were living from the diamond trade, untill a few years later the union did not want any diamond workers to work no more as 40 hours a week and they started to hunt down these workers, s.a. looking from empty houses and apartment into offices and other work places. These workers were heavely fined. A few years laters they continued to inspect diamond offices selling polished diamonds, by auditing them every 2 to 3 years. The dealers were kept for a whole day with the inspectors and were forced to sign letters of income which were not at all corect. If these dealers were not agree to sign, they were deeper audited and it could take up to many days to many weeks. In the Antwerp newspapers, s.a. VOLKSGAZET, GAZET VAN ANTWERPEN etc... were stated : The Jewish (or Indian) diamond dealer has been court frauding with diamonds. Do not forget that the city of Antwerp is and was already prejudice and antisemitic. After the crash of the diamond industry in 1981 when the prices fel, many of the jewish and Indian dealers left Antwerp for better places, s.a. Israel and US, where competion is free. The best diamond polishers in Antwerpen were the Belgian gentile workers and were used to work together with the jewish workers. Of 30.000 very good antwerp diamond polishers, no one remains!!! Now they are still hunting down the few diamond offices in Antwerp and one day it will come to a Diamond Free Antwerpen. The Belgian Taxes and unions killed the chicken laying golden eggs.




November 22, 2008
In response to: The Ongoing Antwerp Saga
Perplexed Belgian commented:

"What’s sad is that tension between Antwerp (the city) and its diamond industry" The Antwerp local authorities do recognize the importance of the diamond industry for their city. What is going on is that independent magistrates (they're called "investigating judges") conduct their investigations using more and more harsh measures, thereby hitting their targets where they are most vulnerable. They ignore or deny this (rightfully or not) held notion by the diamond community in Antwerp, that theirs is a special industry that needs to be handled with care. It would not be fair to see this as a systematic campaign to drive the diamond business out of Belgium. Both the federal and the regional governments make efforts in the economic, social and legal areas to create a favorable industrial climate for the Antwerp Diamond business.





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