A. Critcria for appIication:
(a) Any diamond business duly registered in Mainland China with independent legal entity.
(b) Has been involved in the import, export, wholesale. retail or manufacturing of diamonds and/or diamond jewellery for not less than three consecutive years (including three years) immediately preceding the application.
(c) With good business record and credit proof,
(d) With written support from two formal members.
(e) Willing to observe and abide by the regulations and disciplines of the Exchange.
B. Formal members and preparatory members
Any applicant who has applied for membership of the Exchange in the prescribed manner and whose application has been approved by the Council shall become preparatory member for two years. Upon expiry of the preparatory period, preparatory members may become formal members with the approval of the Council. The Council has the right to extend the preparatory period of a preparatory member for a further 6 months or one year. The Council also has the rlght to cancel the memhership of a preparatory member at any time during his preparatory period.
C. Appucation
Applications for membership of the Exchange shall be made and process in the following manner:
(a) Completed application form shall be suhmitted with all references and documents as
required.
(b) Information about the application and the applicant sball be posted at the Exchange for 30 days.
(c) If no adverse comment on the application/pplicant is received by the Council within 30 days for the prsting, the Council shall consider the application according to the above criteria and approve ot disapprove the application for membership.
(d) Upon being approved as member of an applicant, the Exchange shall register his membership details,issue to him membership certificate and publish his name as a new member.
(e) If an application for membership is not approved by the Council,the applicant may submit a new application after one year.
D. Members' Representative
A member shall for the purpose of conducting diamond business in the Exchange appoint a Member Representative to be the authorized representative of such member.The Member shall submit written notice of appointment of the Member Representative and of any change thereof to the Exchange and the Administration.
Qualification of Member Representation:
(a) Has been involved in the import,wholesale,retail or manufacturing of diamonds and/or diamond jewellery for not less than three consecutive years(including three years)immediately preceding the appointment.
(b)Proof of clean business record and good behavior.
Members should have an authorization agreement with their Representative and undertake full business responsibility for their representative.
Members should immediately notify the Exchange and the Administration in writing of any changes with regard to the appointment and/or authorization of their repressentatives.
E.Rights
Members shall be entitled to:
(a) the right to attend membership conference;
(b) the right to trade at the Exchange,to use all facilities,enjoy all services and receive all information provided by the Exchange to Members;
(c) the right to suggest revision to trading regulations and management system;
(d) the right to raise adverse comment on and/or objections to any application for membership;
(e) the right to elect and be elected as members of the Conference from time to time.
Items(e) (f) (g)above are not applicable to preparatory members.

F.Obligations
Members should undertake to:
(a) abide by all relevant rules and regulations of the Exchange;
(b) be willing to be supervised and administered by the Exchange and relevant authorities.
(c) undertake full business responsibility for their Representative;
pay the following fees in time:
--Entrance fee USD$20,000
--Annual subscription USD$4,000(for Council Members) and USD$3,000(for ordinary members)
(d) any other relevant obligation.

G.Transfer of Membership
An applicant for membership may become a preparatory member through the transfer of membership subject to the satisfaction of the following;
(a) The applicant should meet the requirements for membership as stipulated in A above.The entrance fee can be waived upon transfer.
(b) The applicant should have an agreement of transfer with the transferring member.
Transfer of membership should following the procedures presscribed i C above.

H.Termination of membership
A member shall cease to be a member if
(a) he has resigned his membership and the resignation has been accepted by the Council;
(b) his membership has been cancelled by the Exchange:
(C) THE Council does not agree to maintain his membership upon changes in the shareholding of enterprise represented by the member;
(d) the enterprise represented by the member is dissolved,closed or declared bankrupted.
Where a member ceases to be a member under Article H above shall clear up all business transaction,rights and liabilities with regard to the Exchange and its members within the required period.

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