By Christie Dang
China’s diamond industry is booming, driven by the country’s growing purchasing power, strong retail market and improved manufacturing capabilities. The country has realised its potential in diamond manufacturing and is now spreading its wings even further to become a major player in the diamond trade.
According to the latest figures from the Shanghai Diamond Exchange (SDE), China’s diamond trade in 2011 reached $4.71 billion, up 63 percent over the year-ago figure. Meanwhile, diamond re-export totalled $2.5 billion, up 75 percent year-on-year, according to data from the Diamond Administration of C...
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