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Brand Story

LUMIA Diamonds – A Retail Brand of Belgem, Antwerp’s Only Chinese-Owned Diamond Exchange Member

LUMIA Diamonds is the retail brand under Belgem, a diamond company headquartered in the world-renowned diamond capital, Antwerp, Belgium. Belgem is the only Chinese-founded company among the four major diamond exchanges in Antwerp, established in 2011 by Mr. Chu Xiao from Beijing.

Antwerp – The Diamond Capital of the World

Situated along the Scheldt River, which flows directly to the North Sea, Antwerp is a key city in Belgium’s Flemish-speaking region. Since the early 19th century when Napoleon ordered the port’s construction, it has grown into Europe’s second-largest port and Belgium’s most important commercial hub.

The world-famous "Diamond Street" lies adjacent to Antwerp Central Station, home to 4 of the world’s 27 diamond exchanges, making it the largest diamond trading hub globally. Of the 130 million carats of diamonds mined annually worldwide, 84% of rough diamonds and nearly half of polished diamonds pass through Antwerp.

Antwerp is home to approximately 1,800 diamond companies. Belgem, the parent company of LUMIA, is the only diamond exchange member founded by a Chinese entrepreneur.

Why Buy from a Diamond Exchange Member?

Antwerp’s diamond exchanges operate on a membership system with stringent requirements. From the initial application to annual reviews, each member is subject to rigorous scrutiny regarding transaction integrity and quality. Any breach can lead to permanent expulsion from the industry.

Due to the complexity of diamond expertise and the high financial stakes involved, the exchanges enforce meticulous rules to ensure transaction safety. As the origin of 80-90% of the world’s diamonds, Antwerp is the ideal place to purchase diamonds. LUMIA provides a trusted and professional purchasing channel for Chinese clients.

Chinese Presence in Antwerp

With China’s rapidly growing middle class, the country has become the largest destination for Antwerp’s diamond exports.

In September 2013, as the founder of LUMIA and the only Chinese entrepreneur in the Antwerp Diamond Exchange, Chu Xiao was interviewed by China Daily journalist Tuo Yannian.

“Globally, rough diamonds are worth around $9 billion annually, while their finished jewelry is worth $50 billion. According to the Antwerp World Diamond Centre (AWDC), despite a global downturn in the jewelry market, China is emerging as a new driving force.”

China’s burgeoning middle class has become a major force in diamond consumption. By 2011, China had already become the largest export destination for Belgian diamonds. From 2007 to 2012, diamond imports from Antwerp to China increased by 73%.

“With the size of China’s middle class set to double, the country is expected to occupy about 30% of the global diamond market by 2023.”

"Hey, Chinese Boy, You’re Here!" – A Changing Landscape

The view from Chu Xiao’s Antwerp office hadn’t changed in nearly a century—until he arrived three years prior. The office, once owned by a Jewish trader, had since passed into the hands of a young Chinese man.

Each morning, traditionally dressed Orthodox Jewish traders fill the street, joined by brisk Indian traders speaking accented English and carrying black briefcases. The unassuming paper envelopes they carry—often pink or white—may look like candy wrappers, but contain dazzling diamonds worth tens of thousands of dollars.

“Surprised that such precious stones are wrapped so carelessly?” Chu laughed. “You’re holding $100,000 in your hand.”

On Antwerp’s diamond street, trust is everything. Deals worth millions are often sealed with just a handshake or a few minutes of conversation. A signed note can unlock diamonds of immense value.

According to AWDC, 130 million carats of diamonds are mined annually, with 84% of rough and nearly half of polished diamonds flowing through Antwerp. The city’s deputy mayor notes that diamonds are among Belgium’s top export products, accounting for 5% of total exports and 15% of exports outside the EU.


Diamond Market and Chinese Consumers

Despite a global slowdown, AWDC’s chairman Ari Epstein stated that China’s rapidly expanding middle class has turned the country into the largest export market for Belgian diamonds. By 2023, China is expected to account for around 30% of the global diamond market.

Jeweler Edgar from Dayekh, who has 12 years of experience, shared a story about crafting a 4-carat diamond ring for a 24-year-old Chinese woman from London who had contacted them via messaging app before flying to Antwerp to make the purchase.

Antwerp Deputy Mayor Ludo Van Campenhout revealed that there are about 1,800 diamond businesses in the city, and between 2007 and 2012, China’s diamond imports from Antwerp grew by 73%.

“From stranger to familiar face, when Chu Xiao steps out of the diamond exchange today, people greet him with: ‘Hey, Chinese boy, you’re here!’”

Yes, China has arrived in the diamond capital.

— Adapted from China Daily’s article "Unveiling Antwerp – The Diamond Capital" (2013-09-09)


The Story of LUMIA – About the Founder

Chu Xiao was born in Beijing in 1980. He holds a master’s degree in Gemology from China University of Geosciences and is a certified diamond grader with both the UK’s Gem-A and Belgium’s HRD.

Before starting his own company in Belgium in 2010, he worked at the National Gemstone Testing Center of China and was China Market Director for the Hoge Raad voor Diamant (HRD).

One of his most memorable experiences was in 2009, when he was selected for a national quality inspection mission by the government, traveling across the country to inspect jewelry manufacturers—an experience that reinforced his belief in quality and professionalism.


Challenges and Anecdotes in Belgium

After quitting his job in China in 2010, Chu Xiao came to Antwerp with a bold dream: to build his own company at the source of the diamond trade. Looking back, the journey from arrival to founding Belgem in 2011 was the hardest period of his life.

He recalls an interesting experience when a Belgian girl fluent in Chinese visited his office with her mother, bringing two heirloom diamond rings. One featured a 3.5-carat diamond in a simple gold setting, while the other was a 2-carat white gold ring with a luxurious antique design. Both used old rose cuts and were estimated to be 150 years old.

Though he doesn’t purchase jewelry himself, he recommended they treat the white gold ring as an antique and recut the larger diamond into a modern brilliant cut to maximize its market value. He supervised the cutting process himself, preserving the stone's weight above 3 carats and achieving a certification of “EX-EX-VG”—a near-perfect grade.

“A once lifeless diamond now shines brilliantly, and I—a young man from Beijing—formed a lasting bond with two Belgian women.”


Why Do People Wear Diamonds Today?

Diamonds are among the rarest and most valuable natural resources, making them excellent for wealth preservation. The word "diamond" originates from the Greek "adamas," meaning "indestructible."

In Europe, diamonds were once exclusive to male royalty and clergy, symbolizing absolute power and invincibility. That changed in the 16th century when the Duke of Burgundy gave a diamond to his beloved, breaking the tradition and starting the trend of gifting diamonds to express eternal love.

Today, diamonds represent enduring love and are often chosen for engagement rings—a tradition rooted in their noble origins.


LUMIA Diamonds – Your Trusted Gateway to Antwerp’s Diamond World
With over 1,800 diamond firms, Antwerp is the global hub of diamond trading. Belgem, the only Chinese-founded member of the Antwerp Diamond Exchange, offers Chinese clients a direct and trustworthy channel to this world.
By choosing a member company, you benefit from the exchange’s strict regulation and professional standards—ensuring quality, credibility, and safety in every transaction.

LUMIA is here to guide you with expertise and integrity through the fascinating world of diamonds.