Polished Diamonds Import Through SDE Achieved New High in 2018

2019-1-25

     According to the latest statistics, the import value of polished diamonds through SDE in 2018 increased 23.4% to US$2.706 billionwhich set a new record in history since SDE was founded. From January 1st to December 31th, 2018, total diamond transaction through SDE reached US$5.784 billion, with year-on-year growth of 8.23%. 

In 2018, China’s economy achieved a 6.6% growth rate in GDP with economic aggregate reaching 90 trillion RMB for the first time. Against this background, the diamond and jewelry market in China enjoys continuous prosperity. Above all, the demond for wedding diamonds keeps growing rapidly.

Furthermore, the sales of rough diamonds in 2018 was consistent with market expectations. Throughout the year, the number of SDE members that traded rough diamonds increased from 8 to 13. Bonded transactions among SDE members also increased by 91.9% compared to that of 2017.From a long-term perspective, China’s diamond market has maintained a rising momentum.

By the end of 2018, the total number of SDE members has been adjusted to 356, of which 54.5% are foreign-fund companies.

 


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