International Jewelry & Diamond Conference (Guangzhou) 2018

The International Jewelry & Diamond Conference (Guangzhou) 2018, co-organized by Guangzhou Diamond Exchange, Guangdong Gems & Jade Exchange and Antwerp World Diamond Centre, was held on Nov 27 2018 More than 600 delegates from home and abroad attended the conference

Antwerp Diamond Day

On 28 Nov 2018, 6 Chinese jewelers signed on to be DnA (Diamonds & Antwerp) Ambassadors in Guangzhou, witnessed by the Governor of Antwerp Cathy Berx, Consul General of Belgium in Guangzhou Joris Salden, Guangzhou Diamond Exchange Chairman Zhu Yongsheng and General Manager Liang Weizhang

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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Russia introduce Codes for Synthetic Diamonds

publish:2019-03-11

The Eurasian Economic Union (EEU), including Russian Federation, Armenia, Belarus, Kazakhstan and Kyrgyzstan, has adopted a Decision to amend the Foreign Economic Activity Commodity Nomenclature. The Decision introduces subheadings at the 10-digit level that derive from the 6-digit HS Codes for synthetic diamonds, rubies, sapphires, emeralds, alexandrites, etc. This temporary measure, enter into force as of April 30, 2019, will be applicable at the national level in the EEU countries until it is internationalized in 2022 (Fig 1). 
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Fig 1 EEU Commodity Nomenclature under the HS codes subheading 7104
Note: Grey: Generic subheadings set forth by the HS, Blue: Specific subheadings introduced by the EEU commodity nomenclature, Green: Subheadings added to the EEU commodity nomenclature, Orange: Subheadings excluded from the EEU commodity nomenclature
 
It’s reported that at the Kimberley Process 2017 Plenary, the Working Group of Diamond Experts introduced an initiative to formally introduce into the KP the World Customs Organization’s (WCO) Harmonised Commodity Description and Coding System (HS Code) tariff nomenclature, which includes 6-digit subheadings for synthetic diamonds (7104.20 for rough and 7104.90 for polished). It was agreed that all countries should take the necessary steps to enable the introduction of the HS Codes for synthetic diamonds applicable across all customs zones around the world by January 2022.
 
Before Russia, China has already introduced its own national version of the HS Codes for synthetic rough and polished diamonds (Fig 2), while India created a national version of the HS Code for polished synthetic diamonds, but supervision of rough synthetics is still lacking. It is now up to the EU, the US and others to follow suit.
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Fig 2 China Commodity Nomenclature under the HS codes subheading 7104
Note: Grey: Generic subheadings set forth by the HS, Blue: Specific subheadings introduced by China
 
Source: The Diamond Loupe

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