China’s Diamond Trade +63% in 2011

Total trade through the Shanghai Diamond Exchange (SDE) rose 63 percent year on year to $4.71 billion in 2011. The SDE data included imports, exports and inter-member transactions.
As China’s only official avenue for importing diamonds for domestic consumption, SDE’s imports grew 56 percent to $2.04 billion during the year despite trade slowing toward the end of 2011.

SDE reported that it added 45 members to the exchange in 2011 and ended the year with 326 members. Of those, 201 members, or 62 percent of the total, are foreign-based companies.

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