Word: antwerp
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...clubs in the Ukraine and Russia - and France and Belgium - who can't afford top-tier Brazilians, Frenchmen, Scandinavians or even the established stars of African football have looked increasingly to Africa's second tier as the prime source of imported talent to raise their game. KSK Beveren, the Antwerp team who reached last season's Belgian cup final, has been known to field a team composed entirely of players from Cote D'Ivoire...
...Although India dominates the polishing business, it produces almost none of the world's diamonds. Most rough stones are mined in Angola, Botswana, Namibia and Russia, and then find their way to Antwerp, where ultra-orthodox Hasidic Jews form the nerve center of the international diamond trade. With contacts from Tel Aviv to New York City, Hasidic businessmen have controlled the polishing and selling of diamonds for generations?until, that is, the Indians began butting...
...cash, and stones worth millions of dollars are transported with virtually no security. "It's an industry built on trust," says Biju Patnaik, a Bombay-based diamond-industry expert at Dutch bank ABN AMRO. The Palanpuris have also ventured over-seas, setting up small family-run polishing centers in Antwerp and Tel Aviv, and slowly elbowing into the U.S. as diamond sellers. In Manhattan's midtown diamond district, Palanpuri businessmen sitting beneath portraits of their saint, Mahavira, now run shops side by side with black-coated Hasidim from Brooklyn...
...churning out lower-quality diamonds, Surat's workshops are now moving into larger, pricier stones. It's an irresistibly lucrative market, with the costliest 10% of stones accounting for half of the value of all the world's diamonds. These top-quality stones are still mostly cut in Antwerp, New York and Tel Aviv, where many of Surat's companies have set up branches in which Indian diamond cutters are absorbing skills from local experts. Arjav Mehta, whose family owns Blue Star, says his company has hired 15 master cutters in Belgium and Israel: "There...
...SORTING The rough diamonds are sorted and valued depending on shape, quality, color and size before being sold to cutting centers, primarily in Antwerp, Bombay, New York and Tel Aviv. The value of diamonds sold to the world's cutting centers each year is nearly $10 billion...