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Run of Mine Diamond Tender

From 19th-26th April, Guangzhou Diamond Exchange held a Run of Mine Diamond Tender in Guangzhou All parcels with a total weight of over 230,000 cts have been successfully transacted

Generic Public Course on Rough Diamonds

In March 2018, Guangzhou Diamond Exchange opened its first Generic Public Course on Rough Diamonds, including theoretical learning, trading experience sharing, factory visiting, as well as goods viewing, and the industry responded enthusiastically

Seminar on Diamond Supply and Demand

In March 2018, Stephane Fischler, President of World Diamond Council visited Guangzhou Diamond Exchange, and shared his view on China facing new opportunity and challenge on diamond supply

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Guangzhou Gets Over Diamonds in bonded transaction to processing

publish:2017-09-28

On September 21, a batch of rough diamonds from one member of Guangzhou Diamond Exchange (hereinafter to GZDE) has been transferred to processing plant for cutting and polishing after inspection and approval by Customs and CIQ (KP authority) which accomplished the procedure of bonded transaction to processing successfully and efficiently. This business provides innovative linking channels for Chinese diamond industry to participate in international rough diamond trade directly and to connect with domestic market. Guangzhou has taken a solid step towards the burgeoning international diamond distribution center.
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The batch of rough diamonds, supplied from a Belgian company, arranged by GZDE for bonded display, and finally stroke a deal with one comprehensive trading member of GZDE in international bonded transaction. The goods was then immediately transferred to a processing factory, Evergreen Diamond Co., Ltd (Guangzhou), which is also a comprehensive trading member of GZDE. Since then, the innovative service for domestic enterprises to purchase directly from international market and to decide their processing is achieved!

The achievement is under the active supports from all levels of government, Customs, KP authority, and the State Administration of Foreign Exchange, etc. In the past,the processing order must initiated by the overseas company, but now, the innovative service has solved this problem, controlling the risk effectively and cutting the costs sharply, which opens a new road to connect the domestic market with international industry.

 
The industry appraises that this is the first time that diamond enterprises in mainland China participate in international bonded trade of rough diamonds and transfer the bought rough diamonds to the processing directly. It solves the Chinese diamond companies' practical needs of connecting the international purchasing. It brings a profound impact on the transformation development of the diamond industry. In this way, the service integrates the vitality of the domestic enterprises, implements the standard of international practice and brings a new perspective on the development of international and domestic trade of rough and polished diamonds. China Daily appraised that this case ‘has discovered the new demand of market and grandly opened a new layout of rough diamond import and export trade. Domestic diamond industry can not only become direct participants of international rough diamonds market, but also be able to grasp the initiative of supply effectively and encourage the industry to develop from simple participation to the international market to the practical initiative, from industrial concentration to resources distribution.
 
As an international diamond trading platform, GZDE has launched a series of trading services to optimize the supply chain. For domestic enterprises, it provides the chance for participating in upstream industry chain by ‘SettleDiam’ to realize direct transaction between buyer and seller. The efficient, quick, safe and legal foreign exchange payment transferring can solve the problem that domestic enterprises were difficult to participate in the international rough diamond trade. The ‘ManuDiam’ product provides a seamless connection between procurement and subsequent processing for domestic enterprises. It greatly reduces the procedure and flow, lowers many costs such as logistics, Customs clearance and improves the  efficiency of the diamonds value chain.
 
GZDE integrates the resource of the platform and explores the measures for diamonds’ trade facilitation actively, committing to provide the consolidated service for the whole diamond industry including Customs clearance, purchasing, payment, bonded processing, domestic sales, financial support and so on,  linking to domestic market with the international primary supplies. For more details, please contact:
Trading department: Miss Huang, +86-20-39022391, +86 13249164925; info@cngzde.com
Or visit GZDE’s official website of the Guangzhou Diamond Exchange (www.cngzde.com) for relative information.
 

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