2 thoughts on “Shanghai Diamond Exchange and China Diamond Market”

  1. Lin Qiang
    The Shanghai Diamond Exchange is a national element trading market approved by the State Council. It was built on October 27, 2000. It is the only diamond import and export trading platform in mainland China. The Diamond Exchange runs in accordance with the rules of international diamond transactions, providing a fair, fair and transparent trading environment for domestic and foreign diamond vendors. Since its establishment in 2000, the Diamond Exchange has actively drawn on the development experience of other major diamond exchanges in the world. After more than ten years of hard work, it has begun to take shape. As an international diamond trading platform similar to the nature of the bonded area, the Diamond Exchange adopts a membership closed management method of membership internationally, and currently only recruits company members. As of October 31, 2012, members of the Diamond Exchange have grown from the initial 41 to 345, including 229 foreign members from 14 countries and regions, accounting for 66%of the total number of members of the Diamond Exchange; of which from Hong Kong , India, Israel, and Belgium's major diamond processing and trading centers and national members accounted for half of the total number of members. In October 2009, the Diamond Stock Exchange was moved into the "China Diamond Trading Center Building" built by Shanghai Jinmao Building as a whole. The development has entered a new stage. The building is designed by Nuohan Design Company in the United States, with a total of 14 floors, covering an area of ​​6,000 square meters, and a total construction area of ​​50,000 square meters. At present, more than 240 members of the Diamond Stock Exchange have set up an office in the office to conduct diamond import and export and internal transactions.
    The members of the Shanghai Diamond Exchange are distributed according to the country's nations
    1. Diamond tax preferential policies
    The diamond industry is a policy -guided industry. China's diamond industry has gradually embarked on the track of healthy development.
    In 2000, the import tax of Chinese diamonds includes: 9%of the product diamond tariffs, 3%of hair diamond tariffs, 17%VAT, and 10%consumption tax. In 2002, the Ministry of Finance, the State Administration of Taxation, and the General Administration of Customs jointly issued a document: Through the Diamond Exchange's diamond exchanges from the Shanghai Diamond Exchange, the consumption tax was reduced to 5%and moved to the retail link. In June 2002, the VAT of more than 5 million yuan in the import and import of customs in the new policy in the year of the new policy was more than 5 million yuan, which exceeded the sum of the value -added tax levied by the customs in previous years.
    is to further promote my country's diamond processing industry and standardize the diamond trading market. In June 2006, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation's "Notice on Adjusting the Diamond Exchange's Taxation Policy", August 2006 National Taxation in August 2006 The "Administrative Measures on Printing and Distributing the Administrative Measures on the Value Value Tax Exemption of Diamond Transactions" and "Specific Operation Measures for the Shanghai Diamond Exchange Diamond Transaction VAT (Trial)" have been promulgated one after another. The document stipulates: The value -added tax of the import link is levied, and the part of the value -added tax in the import link of the finished diamond imports is levied by the customs as a part with more than 4%.
    2. Supporting agencies and services
    The China Diamond Trading Building is a special customs special supervision area similar to a bonded area. Both the security inspection and security system are professional design. Diamond Office, Customs, Inspection and Quarantine Bureau, Foreign Management Bureau, Industry and Commerce Bureau, and Taxation Bureau, as a "one -stop" business acceptance agency, exercise government functions in the building; banks, escort, customs declaration, diamond appraisal and other institutions provide supporting services.
    diamond office: full name "Shanghai Diamond Joint Management Office". At present, the main functions are the establishment of the establishment of foreign diamond companies and the qualification filing of members of the Diamond Stock Exchange.
    Customs: The Shanghai Customs Diamond Exchange Office shall implement supervision and management of diamonds entering and leaving the Shanghai Diamond Exchange in accordance with the law, implement early submission filing systems, and provide a green channel for customs clearance for import and export diamonds.
    Kimbie Certificate: The Pudong Inspection and Quarantine Bureau is the unit of the Diamond Building settled by the Golden Berry process designated by the State Inspection and Quarantine Administration. Essence
    VAT invoice: The Shanghai State Taxation Bureau in the Shanghai Diamond Exchange Office is responsible for the centralized VAT invoicing business of Diamond Trading in the Shanghai Diamond Exchange.
    The identification: National Jewelry and Jade Quality Supervision and Inspection Center is a national professional laboratory. It is the largest jewelry grading appraisal agency in the Chinese jewelry industry, which undertakes the inspection task of the China Customs in Shanghai Diamond Exchange in Shanghai.
    Logistics: International Diamond Jewelry Transportation Company Blink Group and Mamma have set up a representative office in the Diamond Exchange to provide professional logistics services for members.
    Bank: Industrial and Commercial Bank of China and Industrial Bank opened a branch in the Diamond Stock Exchange; China Construction Bank set up an office in the building.
    3. Regarding the Chinese diamond industry policy
    The mainly involved China's diamond tax policy, approval policies for foreign -funded enterprises, foreign exchange management policies, diamond import and export customs supervision policies, and Kimbeli certificate management policy.
    3.1 China Diamond Taxation Policy
    The Shanghai Diamond Exchange is the only channel for the import and export of diamonds under the nation's general trade items. All rough and finished diamonds imported from the Shanghai Diamond Exchange are exempt from tariffs. The taxpayer's diamonds sold from the Shanghai Diamond Exchange to the domestic market. The woolen diamonds are exempt from importing value -added tax. The part of the actual tax burden of more than 4%of the value -added tax in the import link of the finished diamond is levied and returned by the customs. Importing industrial drills, levying import tariffs and value -added taxes for imports. For domestic rough diamonds, those who are sold through the diamond Exchange will be exempted from VAT in the domestic sales link; those who do not sell the Diamond Exchange will levy value -added tax at a tax rate of 17%at the domestic sales link. Domestic diamonds processed into the Diamond Exchange are deemed to be exported without tax refund. From the time of the Diamond Exchange to enter the domestic market again, if the actual tax burden on the import link of the import link exceeds 4%, the implementation is immediately retired. Diamonds are traded in the Diamond Stock Exchange and do not levy VAT. Consumption tax for diamonds imported to the domestic market: In the retail session, the consumption tax is levied on the unsolved finished diamonds and diamond accessories at a 5%tax rate.
    3.2 The approval policy of foreign -funded enterprises
    Foreign business can set up joint ventures or sole diamond foreign companies in the designated area of ​​the Diamond Exchange and the industrial and commercial departments. In order to cooperate with the special tax policy of diamond enterprises issued by the fiscal and taxation department, the business scope of foreign diamond companies is limited: "the business of drilling and exports (including re -export trade, processing trade) through the customs of the Shanghai Diamond Exchange; Develop diamonds (excluding gold and silver) transactions (including re -export trade, processing trade). "
    3.3 Diamond Foreign Exchange Management Policy
    The approval of the foreign exchange management department can be opened Diamond transaction special foreign exchange account. Diamond transactions between members, between members and overseas institutions, membership and bonded zones, export processing areas, and domestic and foreign institutions will be settled with foreign currency.
    3.4 Diamond Import and Export Customs Supervision Policy
    The diamond import and export under general trade in the country is concentrated on customs declaration procedures for the customs of the Shanghai Diamond Stock Exchange; diamonds under processing trade must be transferred to Shanghai Diamond Exchange conducts transactions or filing. Diamonds enter the exchange from overseas or from the exchange to the abroad, and only need to go through the registration procedures for the registration in the customs. Diamonds enter the exchanges from other regions of the country, or other regions of people enter the exchange, and go through the formalities of import and export customs declaration in accordance with the law. Diamonds in the exchange and enterprises entrusted by the bonded or export processing zone are processed. They are supervised by customs bonded and entrusted enterprises in other regions to process them in accordance with the current processing trade regulations.
    4. Diamond transaction development
    Since its establishment, with the rapid development of the Chinese economy, the amount of diamond import and export transactions has always maintained a steady growth of each year. Essence In 2010, the total volume of the Shanghai Diamond Exchange Diamond Export and Export transaction exceeded $ 2 billion for the first time, reaching 2.886 billion US dollars, an increase of more than 90%compared to 2009. In 2011, the total value of the Shanghai Diamond Exchange Diamond Export and Export transaction reached 4.708 billion US dollars, an increase of 63.1%compared to 2010; of which, the imports of the finished diamonds under general trade items exceeded $ 2 billion, an increase of 56.1%compared to the previous year. Since entering 2012, due to the in -depth impact of the European debt crisis and the continuous downturn of the European and American economy on the international market and the Chinese economy, the domestic and foreign diamond market transactions have generally declined significantly, including Hong Kong, India, Belgium, and Israel. Diamond transactions in the trading center declined by 10%to 30%in the first three quarters of 2012. As of October 31, 2012, the diamond transaction amount of the Diamond Exchange was US $ 3.08 billion, a decrease of 13.5%year -on -year. Among them, the import volume of the finished product drill under general trade items was 1.355 billion US dollars.
    The imported diamonds that enter the Chinese market through the diamond exchange mainly comes from major diamond trading centers and countries such as Hong Kong, Belgium, India, Israel, and the United States. Among them, Hong Kong, as the most important international diamond trading center and transit station in East Asia, brings together some major diamond jewelry companies around the world. In 2011, nearly $ 1 billion of the US $ 2 billion diamond imports under the general trade items of the Diamond Exchange were imported through Hong Kong.
    2011 The first 10 members of the Diamond Exchange Entry and Easy Instant Institute are the inlet and exit of Shanghai Crafts Jewelry, which is limited to export, Kay Kaikai Diamond (Shanghai) Co., Ltd., Shanghai Kimbeli Diamond Co., Ltd., and Continental Star Diamond ) Co., Ltd., Blue Rose (Shanghai) Diamond Co., Ltd., Chow Sangsheng Diamond (Shanghai) Co., Ltd., Domermei (Shanghai) Diamond Co., Ltd., Huabi Diamond (Shanghai) Co., Ltd., Shanghai Zhou Dasheng Import and Export Co., Ltd., etc. Among them, diamond jewelry wholesalers and retailers accounted for the vast majority.
    This Diamond Exchange Diamond Import and Export Transaction Growth Significance
    5. China Diamond Market
    According to the import statistics of the diamond diamond diamonds, China has become the second largest in the world to the United States after the United States Diamond consumer market. According to Dobels' investigation report, wedding ring consumption is still the main way to consume the current and future diamond consumption in China, and the gradually expanding middle class is the main group of diamonds. Its 2009 survey report shows that in first -tier cities such as Beijing, Shanghai, and Shenzhen, every 10 of the eight of the newlyweds will be willing to buy a wedding diamond ring. The latest online survey shows that more than 50%of newlyweds in Shanghai will buy wedding diamond rings worth 15,000 ~ 20,000 yuan. Considering that the Chinese economy will still maintain a faster growth rate in the next ten years, the scale of the middle class will continue to expand, and the growth potential of the diamond consumer market will still be very strong in the long run.
    6. The exchanges and cooperation between the Diamond Exchange and the world's major diamond trading centers
    The at the beginning of the establishment of the diamond exchange, that is, referring to the successful experience of the world's main diamond exchange or trading center, especially the Antwerp diamond management model Management operation. In the subsequent development process, the major diamond trading centers such as the Israeli Diamond Exchange, the Antwerp World Diamond Center, and the Hong Kong Diamond Federation have successively established a in -depth partnership mechanism, and through multiple organizations of the International Diamond Summit forum and No. 1 Important exchanges such as the 33rd World Diamond Conference to strengthen communication and cooperation with the high -level international diamond industry, learn excellent management experience and concepts of the foreign diamond industry, and gradually improve the trading management and service functions of the Diamond Exchange trading platform. In December 2011, in order to encourage and promote the innovative design of the Chinese diamond industry, the Diamond Exchange and Belgium HRD (Belgian Diamond High -level Parliament) jointly held the 201HRD · AWARD World Diamond Jewelry Design Contest in Shanghai. Chinese designer Chiang I won a prize. Lin Qiang, president of the Diamond Stock Exchange, was awarded the "Leopold Ⅱ King Official Medal" by the Belgian government at the ceremony to recognize its great contribution to promoting the Diamond Exchange.
    . However, China's diamond industry and market only have a history of development only for more than ten years. Compared with Belgium, Israel, and India have decades or even hundreds of years of traditional diamond industry developed countries. The development of the diamond industry, industry management, supporting services, and policies and regulations still inevitably have a gap. Specifically, the future development of the Diamond Exchange needs to be traded in other major diamond transactions to other major diamonds in the world in strengthening industry supervision, introducing diamond financial services, expanding international propaganda, deepening international publicity, deepening industrial research, encouraging and supporting the diamond industry, and expanding overseas diamond resources The center study, at the same time, needs to learn from the increasingly popular electronic system management and the successful experience of online platform construction in the construction of trading platform construction, and strive to achieve new breakthroughs in improving the efficiency of transaction management and expanding the scope of transaction services.
    Compared with other major diamond trading centers in the world, the diamond -intertwined import and export centralized transaction management and tax management played a greater role. Diamonds that enter the domestic market through the diamond exchange have their corresponding VAT invoices and the Diamond Stock Exchange Registration Union. In theory, with the continuous deepening of diamond transactions in the Diamond Exchange, diamonds circulating on the market can trace their legitimate legal ones. source. This will have a profound impact on regulating the development of the Chinese diamond market and the effective implementation of national tax policies.
    2012 Mid -National Jewelery and Jade Shouchu Yearbook
    As the only diamond import and export trading platform in China, the Shanghai Diamond Exchange accompanied the continuous development of the Chinese diamond consumer market and developed rapidly. According to statistics, the total amount of diamond jewelry consumption in the Chinese market has continued to grow at an average annual growth rate of 15%to 20%. In the first eight months of 2012, according to data from the National Bureau of Statistics, the total retail sales of Chinese jewelry exceeded US $ 2.8 billion, an increase of 14.9%compared to the same period last year. With the increasing importance of China's global diamond market, more and more foreign diamond jewelry companies grab the Chinese market. In the past three years, more than 100 new Chinese and foreign members have been added. In the new stage of development, the Shanghai Diamond Exchange will fully excavate its own potential and comprehensively improve the comprehensive service capabilities of the Shanghai Diamond Exchange. Make adjustments in the three major areas of improving service levels, improving trading functions, and expanding service scope, and strive to make the Shanghai Diamond Exchange truly develop into one of the diamond trading centers in Asia and the world, and make due contributions to the development of China's diamond industry. Essence

  2. Making the body's yang upward, this process is a process of energy consumption, consumes the essence of the human body, that is, the kidney essence of the human body, which will inevitably cause aging to accelerate. Adjusting the schedule is the most direct and simple way to nourish the kidney.

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