Abstract
The modern expressions for polarization and orbital magnetization $\M$ are $\k$-space integrals. But a genuine bulk property should also be expressible in $\r$-space, as unambiguous function of the ground-state density matrix, "nearsighted" in insulators, independently of the boundary conditions---either periodic or open. While ---owing to its "quantum" indeterminacy---is {\it not} a bulk property in this sense, $\M$ is. We provide its $\r$-space expression for any insulator, even with nonzero Chern invariant. Simulations on a model Hamiltonian validate our theory.
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