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Shenzhen Rough Diamond Exchange Receives Final Approval
Dec 9, 2015 11:44 AM
By Rapaport News
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RAPAPORT... Shenzhen Rough Diamond
Exchange (SRDE), a secure diamond storage, sorting and viewing facility in the
Chinese city, has received final approval to operate.
Foreign suppliers will be
able to ship diamonds to the new bonded warehouse in the Luohu district of Shenzhen duty-free.
Local Chinese companies will then be able to view the goods at the SRDE and purchase them
through importation procedures at the Shanghai Diamond Exchange, according to a statement December 9.
SRDE obtained the Bonded
Warehouse Registration Certificate from the Shenzhen Customs House on December
3. It had been granted initial approval by the Shenzhen municipal government in
August 2014.
The exchange was established
by four shareholders, Shenzhen Overseas Chinese Town Co. Ltd., CITIC United
Asia Investments Ltd., Beijing LDY Asset Management Co. Ltd. and Shenzhen
Cheung Ning Diamond Co. Ltd. It has registered capital of $16 million.
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Tags:
China, Rapaport News, Shenzhen Rough Diamond Exchange
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