Ari Epstein has resigned as CEO of the Antwerp World Diamond Centre (AWDC) after 13 years.
"This marks the end of an era of visionary leadership," notes a press release. It adds that under Epstein’s helm, AWDC has experienced unparalleled growth.
However, no reasons were given for Epstein’s departure, nor was a potential successor named. It is worth noting that David Gotlib, the former board chair, also stepped down last year amid reported internal disagreements over AWDC’s approach to Russian diamonds.
Epstein’s crowning achievement was undeniably the new tracking and registration system for the global diamond trade, co-developed by Belgium and the AWDC. Launched in early March, the system aims to curb the trade of raw Russian diamonds.
Last year, the G7 — the most significant industrial nations — agreed to ban raw Russian diamonds. Belgium had recommended including Antwerp as a vital player in the new system. Countries like Canada were also granted a role in verifying and tracing the gems, though major industry players, such as De Beers, continue to oppose the new rules.
The import ban’s implementation led to delays in Antwerp, particularly at the Diamond Office, where inspections occur. However, AWDC assures that this issue has since been resolved.
