At the end of the last century, thanks to the discovery of the mines of diamonds in South Africa, Antwerp has become the platform world of diamonds . The production was literally dumped in the small town in northern Belgium. The first diamond bag has opened its doors to Antwerp . The term “Stock Exchange” brings to mind images of large diamond auction houses seen on television in stock market documentaries. A Diamond Exchange does not correspond to this cliché as it is not linked to speculation!
The risks are calculated: each offer or request is carefully evaluated and discussed. The bundles are presented to potential customers and the discussion takes place around a table, without rushing, and focuses on the quality and value of the bundles. There is never a raised voice, a certain position is required.
All traders in the Diamond Exchange room must wear a tie. If they forget, one will be loaned. Near the tables, telephones allow intermediaries to quickly contact one or another of the offices.
Around 10 , the warehouses are filled with brokers, traders and producers.
Small groups talk and consult large tables showing the requests of the different offices. While one company requires replenishing inventories, another must meet the needs of foreign buyers.
Around 12 the room is full. Some brokers have bags full of merchandise and rush to potential clients.
Some foreign buyers, admitted into the room, sit near the large, panoramic windows facing north where the light conditions are ideal for observing the stones.
The calm morning atmosphere is replaced by a more tense atmosphere. Congregations form around monitors displaying the latest dollar or other exchange rates.
Around 13 , lunch time, the tension drops. The afternoon is quieter. Some old ones diamond traders yes gather for a game of chess or cards, while the younger generation continues the frantic "hunt" for a customer or goods.
Being a member of an exchange binds the diamond trader to strict rules with the risk of fines for those who do not “play” correctly. When a member is dismissed for gross misconduct, he or she is automatically dismissed from the other exchanges as well. Their name and photo are displayed in every room around the world with the reason for their dismissal.
Another benefit of a bag is the security it provides. A complete TA protection network (electronics, cameras, security guards) is established.
For this reason, diamond traders also try to establish their offices near an exchange, or even in the same building.
It is a fact that, in addition to safety equipment, the short distances between the private office and the Stock Exchange and the underground vaults are a very important safety issue for such precious stones.
For D'ARRIGO DIAMANTI ROMA it is a great pride to be able to present D color purity diamonds and as a jewelery shop in Rome we are among the few to have a very vast assortment of jewels