Domestic synthetic rough diamonds have gained popularity, with exports surging by 65.3% in the first half of the year

In the first half of this year, synthetic rough diamonds exported through the general trade of the Shanghai Diamond Exchange, the only diamond import and export trading platform in Chinese Mainland, reached 1.41 billion yuan, up 65.3% year on year, and were sold to 14 countries and regions around the world. This impressive data not only demonstrates the strong competitiveness of the domestic synthetic diamond industry, but also marks a new opportunity for high-quality development of China's synthetic rough diamond export market.

According to Hong Liang, Assistant to the President of Shanghai Diamond Exchange, "With the core advantages of large-scale production capacity, standardized quality, and diversified application scenarios, the cultivation of rough diamonds in China has promoted the continuous expansion of Shanghai Diamond Exchange's export business in the first half of the year, and the industry resilience and development potential have improved synchronously

To facilitate the efficient export of domestically produced synthetic rough diamonds, the Shanghai Diamond Exchange Customs, under the jurisdiction of Shanghai Customs, provides advanced services and targeted measures to open up the "fast lane" and build a "safety line" for the export of local synthetic diamonds. Deepen the mechanism of "customs officials sending policies to the doorstep", visit two leading synthetic diamond production enterprises, respond to export customs clearance demands, provide policy Q&A and business guidance in advance, and improve the efficiency of goods clearance supervision from the source. Establish a dedicated export service window for synthetic rough diamonds, implement efficient operation modes such as appointment clearance, immediate inspection upon arrival, and release upon completion of inspection, and combine paperless clearance measures to reduce clearance time by 50%. Collaborate with professional institutions such as Shanghai Diamond Exchange, China National Inspection and Quarantine Group, and industry associations to establish an integrated regulatory service platform for "inspection and testing compliance declaration risk assessment". Simultaneously prepare compliance guidelines to help enterprises carry out export business in an orderly and compliant manner.

Currently, the global demand for cultivating the diamond industry market continues to heat up, with steady increases in export orders. With the continuous growth of the industry scale and the continuous improvement of industry standards, the demand for customs clearance efficiency and trade compliance by enterprises during exports continues to rise, "said Zhou Zhihua, Deputy General Manager of Henan Power Diamond Co., Ltd." Thanks to the full process guidance from policy preaching to export clearance by customs, our company's cultivation of rough diamond exports doubled in the first half of the year

Next, Shanghai Customs will focus on the development needs of the synthetic diamond industry, with more considerate measures to benefit enterprises, more efficient customs clearance, and more professional service support, to help "Made in China" diamonds polish their international reputation and steadily enhance their global market competitiveness.