HB Antwerp plans expansion after gov’t deal

HB Antwerp, a three-year-old firm that focuses on applying high technology to extract the best value from the diamond ecosystem, opened a state-of-the-art facility at the Diamond Technology Park on Monday.

Last November, the firm leveraged its technology, which includes robotics, to secure a ten-year deal with Lucara last year under which stones from Karowe bigger than 10.8 carats are sold to HB Antwerp at prices based on the estimated polished values, rather than the industry standard where traders purchase based on rough values.