Shanghai Diamond Exchange, officially known as Shanghai Diamond Exchange Co., Ltd. (hereinafter referred to as SDE), was authorized to set up by the State Council on October 27, 2000 as a factor market and the only channel for the import and export of diamond in China. SDE has been operated in compliance with the recognized practices of international diamond industry, providing a fair, just, safe transaction venue with closed-door management for the world diamond dealers. In October 2009, SDE was moved from Jinmao Tower into the new China Diamond Exchange Centre building that covers a total floor area of 49,000 square meters. SDB is also an official member of World Federation of Diamond Bourses (WFDB). SDE’s President Mr. Lin Qiang is the member of the executive board of WFDB made of seven people.