We present measurements on $Fe_{2}⁢O_{3}$ amorphization and melt under laser-driven shock compression up to 209(10) GPa via time-resolved in situ x-ray diffraction. At 122(3) GPa, a diffuse signal is observed indicating the presence of a noncrystalline phase. Structure factors have been extracted up to 182(6) GPa showing the presence of two well-defined peaks. A rapid change in the intensity ratio of the two peaks is identified between 145(12) and 151(12) GPa, indicative of a phase change. The noncrystalline diffuse scattering is consistent with shock amorphization of $Fe_{2}⁢O_{3}$ between 122(3) and 145(12) GPa, followed by an amorphous-to-liquid transition above 151(12) GPa. Upon release, a noncrystalline phase is observed alongside crystalline $𝛼−Fe_{2}⁢O_{3}$. The extracted structure factor and pair distribution function of this release phase resemble those reported for $Fe_{2⁢}O_{3}$ melt at ambient pressure.