In 2013, the diamond trade at the Shanghai Diamond Exchange (SDE) showed an increase of 12% year-on-year to $ 4.3 billion, according to the Exchange, released on Thursday, Rapaport reports.
In physical terms, the SDE turnover in 2013 reached about 80 million carats, which is 6.8% higher than the corresponding figure in 2012.
The diamond trade in China declined significantly in 2012 and partially recovered in 2013, as domestic diamond consumption increased and customs authorities successfully fought smuggling. In 2011, the diamond turnover of SDE was $ 4.7 billion.
The exchange, located in the Jinmao Plaza building in the Pudong district, was founded in October 2000 and is the only structure in China authorized to import and export diamonds and conduct trading operations with them.
SDE is a member of the World Federation of Diamond Bourses (World Federation of Diamond Bourses) and has 364 participants (as of the end of 2013).