28 Jun 2022
DiamondWorld Directory
-
Home |
News
Home
AWDC and SDE sign agreement
The agreement aims at enhancing bilateral trade
By: Diamond World News Service
|
Oct 19 2009 9:04PM
|
Reference: 4291  

DecreaseIncrease

An agreement of cooperation was entered into between Antwerp World Diamond Centre and the Shanghai Diamond Exchange (SDE) recently. It was signed at Hertoginnedal, Brussels, in the presence of Belgian Prime Minister Herman Van Rompuy and Vice President of China, Xi Jinping during his recent visit to Belgium.

The agreement states that both AWDC and SDE have agreed to promote the Sino-Belgian diamond trade. Efforts will be initiated to increase diamond export volume from Antwerp to China, with promotional and logistical support from AWDC. Both organisations will work at enhancing bilateral trade and to facilitate access to Antwerp diamond dealers on the Chinese market and vice versa.

According to reports, diamond export figures to China reached a high record in the first half of 2009, as per the Diamond Administration of China (DAC). The DAC also informed that while the international diamond market is facing a sluggish demand, China has a strong domestic consumption, especially in the wedding market, reaching USD300 million in the first half of 2009. This represents an increase of 12.7 percent compared to the same period of 2008. China has become the world’s third largest diamond consumption market.

China’s new diamond taxation policy, has resulted in a steady growth for the Chinese market according to the Shanghai Diamond Centre. “China, the United States and India are today’s most significant consumers markets. China has proven to be a powerful growing market. AWDC is pleased to partner with one of the most strategic players on mainland China”, explains Freddy J. Hanard, CEO of Antwerp World Diamond Centre.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31025
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8089
GJEPC Chairman Interview
Views: 27243
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 37785
Promo for IJ Awards 2012 at NDTV Profit
Views: 51766
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 65415
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21151
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49598
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 50983
Member of:
Supporter of: