News

De Beers recruits former british diplomat to challenge Antwerp's diamond entry monopoly

De Beers has boldly enlisted former British diplomat Emma Wade-Smith to challenge Antwerp's monopoly as the sole entry point for diamonds into EU nations

diamond news network

Emma Wade-Smith, former UK consul general in New York, has embarked on a new role as De Beers' senior vice president of government affairs, leading a charge against Antwerp's exclusive status as the sole entry point for diamonds into EU countries. Alongside a Washington DC-based team, Wade-Smith is advocating for additional entry nodes in key diamond-producing nations like Botswana, Namibia, South Africa, and Canada.

De Beers asserts that diversifying entry points would bolster diamond source verification without adversely impacting ethical non-Russian diamond producers and the legitimate global diamond trade. The move comes in the wake of G7 nations and 27 EU countries banning imports of Russian gem-quality diamonds of 1.0 carats or more, effective since March 1st, regardless of their cutting and polishing location.

Marie Antoinette’s Historic Diamond Necklace Fetches $4.8 Million at Auction

Princess Margaret's Sapphire and Emerald Ring to Be Auctioned

Celebrate International Men's Day with MS Dhoni’s Signature Platinum Jewellery Collection

CCPA to Introduce Regulatory Framework for Diamond Sector, Enhancing Consumer Protection

Surat Diamond Exports See 11.32% Growth, Boosting India’s Gem and Jewellery Sector