During the plenary session of the Kimberley Process Certification Scheme, the official opening of the Guangzhou Diamond Exchange took place, the China Daily reported.
"Guangzhou City in Guangdong Province is one of the largest diamond processing bases in China and a regional diamond trade center.In the city's districts like Conghua and Panyu, significant diamond processing facilities are concentrated," said Guangzhou Mayor Chen Jianhua, .
Zhao Yufang, deputy governor of Guangdong Province, claims that the production of diamonds in the province is about 70 percent of the total volume of stone processing in the country.
According to China's official statistics, last year the volume of imports and exports of diamonds through mainland China and Hong Kong reached 53 million carats or $ 5.29 billion, second only to the European Union, India and the United Arab Emirates.
The plenary session of the Kimberley Process takes place in Guangzhou from 10 to 14 November. This year, China is chairing this organization.