[Photo/WeChat account: gh_01c6f7b4cf3d]

Shanghai Diamond Exchange (SDE) was founded in Lujiazui, Pudong New Area, Shanghai on Oct 27, 2000. Its mission is to provide a fair and safe trade venue for the diamond industry in China.

Since its establishment, SDE has been operating in accordance with international standards for the diamond trade, making use of the US dollar and implementing a membership system.

Its members are mainly wholesalers from Belgium, India, and Israel, as well as importers such as leading jewelry retailers and manufacturers Chow Sang Sang, Lukfook Jewelry, and Kimberlite Diamond.

SDE is a major channel for importing diamonds in China and provides one-stop services for registration, examination, identification, and invoicing for the import and export of diamonds.

Customs departments, foreign exchange administrations, taxation bureaus, and financial, escorting, and identification institutions have also sent employees to work at SDE, increasing convenience.

The annual turnover at SDE increased from $14 million in 2001 to $4.24 billion in 2019. Its total turnover over the past two decades was $54.81 billion.

By the end of 2019, SDE had 362 member units, including 195 foreign-funded units in Israel, Belgium, South Africa, Japan, the United States, and India.

SDE has also worked to promote cooperation with the global diamond industrial chain. As early as 2004, it became a member of the World Federation of Diamond Bourses, and it was listed as one of the world's top five diamond trade centers by the federation in 2018.