Guangzhou won the international trade qualification for rough diamonds and promoted the international voice of China's diamond industry

Not long ago, the first batch of 166.08 carats, rough diamonds with a value of about $41055 and 6.07 carats of finished diamonds worth about $3,035 were imported from Hong Kong via Nansha Passenger Port, and the joint inspection and inspection established by Nansha Inspection and Quarantine Bureau and Nansha Customs The work area is quickly checked and released after the joint inspection and supervision.
This is the first business carried out after the acceptance inspection of the rough diamond supervision business in the Nansha New District of China (Guangdong) Pilot Free Trade Zone. Guangzhou Diamond Trading Center pointed out that after the international trade rough diamond inspection and customs clearance supervision in Guangzhou Nansha, it will bring new development opportunities for the development of Guangdong diamond industry, which will certainly help China's diamond industry to upgrade in the international diamond raw material supply market. The right to speak, and the Chinese diamond and jewellery industry can also actively participate in the new round of global diamond industry value chain optimization.

The first diamond bonded business on the spot was quickly cleared in Nansha
On September 29, the Nansha Customs and Nansha Entry-Exit Inspection and Quarantine Bureau jointly established a joint inspection and work area at the Guangzhou Diamond Trading Center Operation Center in Nansha Bonded Port Area. After the first batch of rough diamonds was transferred to the customs inspection port, the two parties in the inspection and joint inspection area jointly handled the business.
In accordance with the requirements of the Kimberley Process International Certification System, the Nansha Entry-Exit Inspection and Quarantine Bureau implements import verification inspection and issuance of customs clearance orders for rough diamonds. Nansha Customs audits customs clearance orders and completes the procedures for order release and diamond entry. After the completion of the bonded import link, the diamond enterprises can rely on the Guangzhou Diamond Trading Center to carry out business operations such as sorting, trading and warehousing in the area, and then further handle the business of bonded exhibition and trading in the area.
The reporter learned from the latest information of the General Administration of Quality Supervision, Inspection and Quarantine that the Nansha Entry-Exit Inspection and Quarantine Bureau has appointed the implementation agency of the Kimberley Process Certification System, the Diamond Trading Center in Guangzhou, responsible for the rough diamond processing trade, bonded trade and industrial rough diamond trade. The import and export declaration, verification and inspection, Kimberley Process certificate and related documents are issued, and the supervision and management of the industry self-discipline work carried out by the Guangzhou Diamond Exchange Center is carried out.
According to the international diamond industry regulations, in order to stop the illegal trade of “conflict diamonds” and maintain peace and stability in the African region, China has included rough diamonds in goods that restrict import and export, and stipulated that its import and export is limited to members of the Kimberley Process.
On January 1, 2003, China's General Administration of Quality Supervision, Inspection and Quarantine, the Ministry of Foreign Affairs and other six ministries jointly issued an announcement stipulating that rough diamonds entering and leaving China's borders should be subject to the supervision of port inspection and quarantine agencies and customs.
In accordance with the requirements of the Kimberley Process Certification Scheme under the UN framework and the relevant regulations of the AQSIQ, the implementation agency of the Kimberley Process Certification System designated by the AQSIQ is responsible for the country of origin (region) or source country (region) of import and export rough diamonds. Verification and verification, inspection and visas for rough diamonds.
On September 19, the Nansha Inspection and Quarantine Bureau was successfully approved by the General Administration of Quality Supervision, Inspection and Quarantine, and became the designated implementation agency of the new Kimberley Process Certification System. It is responsible for accepting the entry and exit of rough diamonds, verification inspections and visas.

In the doorstep of the industry, Guangdong enterprises have saved more than 10 million yuan a year.
“When Guangdong can't trade rough diamonds, it can only wait for suppliers to stock, from rough diamonds to processing, inlaid on jewelry to become finished diamonds, and finally reach consumers' hands, at least one month.” A diamond company in Guangdong The person in charge told the reporter that after the rough diamonds were processed into finished diamonds, they would first be exported to Hong Kong and other places, and then they could enter the domestic market through Shanghai, because only Shanghai had the conditions for international trade of diamonds. “This has resulted in high operating costs for logistics, security, and human resources, and companies are not allowed to actively participate in the international diamond trade.”
It is reported that China has become the world's second largest diamond consumer and the sixth largest rough diamond trading country. Guangdong is the largest gathering place for diamond industry in China. It has 2,000 diamond processing, jewelry inlays and sales companies. The import and export demand for rough diamonds is huge, which is directly related to the initiative and innovation of industrial development.
According to data from the Guangdong Inspection and Quarantine Bureau, in the first half of 2016, a total of 269 batches of rough diamonds were imported and exported at Panyu, Shunde, Conghua and Tianhe ports, weighing 706,000 carats, with a value of about 260 million US dollars, accounting for 71.4% of the national total.
However, due to the lack of convenient raw material supply and trading venues in Guangdong, it is difficult for enterprises to participate in the international trade of diamond raw materials. This has led to a great restriction on the development of the diamond industry in Guangdong, and it has never been able to break the fate of the low end of the industrial value chain.
According to the Guangzhou Diamond Trading Center, in the past, there were fewer jewellery companies directly involved in buying and selling rough diamonds in China. Enterprises lacked access to international rough diamond suppliers, and the international transfer costs were high, foreign exchange settlement was inconvenient, and it was difficult to facilitate the docking of the domestic market.
"Some companies with considerable strength usually choose to buy rough diamonds from the major diamond trading center markets in Antwerp, Belgium, Mumbai, India, Tel Aviv, Dubai, UAE, etc., and then send them to diamond processing companies in Guangzhou and other places to cut them. The finished diamonds are re-exported to the outside world, and then the finished diamonds are imported into China by general trade.” According to the above-mentioned person, in this context, the first-hand material trade of diamonds can be realized at the doorstep, allowing the majority of small and medium-sized jewelry enterprises. All of them can directly participate in the international diamond raw materials trading, which has long been the eagerly awaited by the Guangdong diamond industry. At the same time, the Guangzhou Diamond Trading Center came into being.
Experts believe that the import and export of rough diamonds in Guangzhou will, on the one hand, open up convenient channels for Guangdong diamond companies, and on the other hand, reduce corporate transaction costs. Diamond and jewelry enterprises can directly participate in international first-hand diamond materials trading.
“Guangdong’s rough diamond processing trade volume was about 1 billion US dollars last year, and the overall diamond processing trade was about 35 billion yuan, accounting for more than 90% of the national diamond processing trade.” Guangzhou Diamond Trading Center introduced this estimate, Guangzhou Diamond Trading Center in Nansha The diamond bonded import and export business in the new district will reduce the cost of RMB 10 million or more for the diamond processing industry in Guangdong in one year.

Deeper China or gain more pricing power in international industries
In fact, in recent years, the “bottleneck” encountered in the transformation and upgrading of the diamond industry in Guangdong has caused positive response and concern from relevant government departments. In recent years, the State Administration of Quality Supervision, Inspection and Quarantine and other national ministries and commissions and the Guangdong Provincial Party Committee and the provincial government have coordinated to seek to solve the problem of the urgent demand for free trade of rough diamonds by diamond companies in Guangdong.
The reporter learned from the Guangdong Inspection and Quarantine Bureau that with the attention and support of the AQSIQ, the bureau has already set up a “Kimberley Process Office” responsible for the import and export supervision of rough diamonds, and the first certified and approved quality inspection system. Diamond Lab. On November 11, 2014, the Kimberley Process Certification System Plenary Meeting, which is responsible for the global rough diamond trade monitoring, was held in Guangzhou. The AQSIQ and the Guangdong and Guangzhou municipal governments jointly announced the establishment of the Guangzhou Diamond Trading Center, which was officially launched in 2015. Approved by the Guangdong Provincial Government.
Subsequently, Guangdong Province and Guangzhou City also issued relevant policies to provide support for diamond companies to expand the scale of import and export trade.
On March 17 this year, the Guangzhou Municipal Government submitted a paper to the General Administration of Quality Supervision, Inspection and Quarantine, proposing to promote the transformation and upgrading of the diamond industry in Guangzhou, foster new foreign trade growth points, and use the Guangzhou Diamond Trading Center as a platform to carry out processing trade rough diamonds in Guangzhou. On the basis of the inbound and outbound business, we will further try first and start the inbound and outbound business of rough diamonds in various trade modes in the Nansha New District.
On September 19, the Customs Inspection Department of the General Administration of Quality Supervision, Inspection and Quarantine, in conjunction with the Guangzhou Municipal Commission of Commerce and other departments, supported the supporting system measures and various safeguards for the rough diamonds in the Nansha New District of China (Guangdong) Free Trade Zone, and the development plan for the diamond industry in Guangzhou. As well as the industry self-discipline of Guangzhou Diamond Trading Center, it conducted on-the-spot investigation and acceptance, and unanimously agreed to pilot the import and export business of rough diamonds in various trade modes in Guangdong Nansha Free Trade Zone.
The diamond bonded business of the Nansha Free Trade Zone has been officially launched since then, and diamond companies will be able to carry out relevant diamond import and export business in the Nansha New District.
Experts believe that the implementation of diamond bonded import and export trade in Nansha, Guangzhou will promote the transformation and upgrading of the Guangdong diamond industry. "A lot of diamond processing enterprises are small and medium-sized enterprises, with limited funds and scale. They are often excluded from the excessive scale and capital threshold in participating in international diamond trading, and they do not have the conditions to set up enterprises overseas. In Guangdong Province The establishment of an international diamond bonded trading platform will help promote the development of small and medium-sized enterprises in the local diamond industry from the low-end value chain to the middle and high-end, allowing enterprises to have more innovation space and development flexibility, and to promote the development of modern exhibition industry, logistics industry and services. Other formats such as industry."
“Guangzhou Diamond Trading Center relies on Guangdong's developed diamond industry foundation to obtain international diamond trading rights from the Nansha New District of Guangdong Free Trade Zone. It promotes the right to speak in the international diamond raw material supply market for Guangdong and even China's diamond industry, and participates in the global diamond industry. The reconstruction of the value chain is of great significance.” According to industry analysts, Guangzhou, as an important fulcrum city of the “One Belt, One Road” strategy, can fully communicate the important industries of diamond production along the Guangdong industry and the “Belt and Road”, relying on a sound industrial development foundation. By providing an international diamond free circulation platform and a mature processing industry package, the trading countries will attract global diamond resources to gather in Guangzhou and comprehensively enhance the international right to speak and pricing in Guangzhou and China's diamond industry.

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