Domestic synthetic rough diamond exports increased by 65.3% in the first half of the year

In the first half of this year, synthetic rough diamonds exported through general trade on the Shanghai Diamond Exchange reached 1.41 billion yuan, a year-on-year increase of 65.3%, and were sold to 14 countries and regions worldwide.

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 assist in the efficient export of domestically produced synthetic rough diamonds, the Shanghai Diamond Exchange Customs under Shanghai Customs has implemented targeted measures to open up the "fast lane" for local synthetic diamond exports. Visit 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 customs 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