Shenzhen Rough Diamond Exchange Gets Approval to Operate

Rapaport reported that the Shenzhen Rough Diamond Exchange (SRDE) has received final approval to operate. The SRDE is a secure diamond storage, sorting and viewing facility in Shenzhen, China.
As quoted in the market news:

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.

Click here to read the full Rapaport report.