Are diamonds cheaper at cutting centers like in India, Israel or Belgium?
First of all, although Antwerp, Belgium is known as a major diamond hub, there is very little diamond cutting per se. Today it is only a rough diamond trading center. India and Israel are major cutting centers. The governments in both the countries offer substantial incentives to diamond cutters to export their merchandise. Besides, a diamond cutter is more interested in selling his production quickly and in large volume rather than selling single diamonds locally. Therefore the cutters in India and Israel are more interested in exporting diamonds than selling local market.
