Diamonds / Industry

Ari Epstein Steps Down as Head of AWDC


Ari Epstein is departing his role as CEO of Antwerp World Diamond Centre (AWDC), effective April 16.

No reason for his resignation was given. At press time, there was no word of a successor.

Epstein, whose father worked in the diamond business, was appointed the organization’s CEO in January 2011. He originally joined AWDC in 2005, as director of its diamond office. Prior to getting the top job at AWDC, he served for two years as its deputy CEO.

Recently, AWDC and Belgium have dealt with a number of controversies regarding their handling of G7 sanctions against Russia. Many in the trade dislike the European Union’s plan to designate Antwerp a “rough node” that will certify goods as non-Russian.

Last month, a group of local traders complained that sanctions enacted March 1st were causing delays at the city’s Diamond Office. Belgium has since said any problems have been cleared up.

In a statement, Isidore Mörsel, who was named AWDC president in October, said Epstein’s departure “marks the end of an era of visionary leadership and significant contributions to not only our company but the industry at large. Under Ari Epstein’s leadership, AWDC has seen unparalleled growth, innovation, and expansion, strengthening our position as a global leader in the diamond industry.

“Ari Epstein’s commitment to excellence, along with a forward-thinking approach, has been instrumental in navigating the complexities of the global market and setting new benchmarks for transparency and success.”

(Photo courtesy of Antwerp World Diamond Centre)

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By: Rob Bates

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