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Diamond trading surges 39% in 1st quarter
(Xinhua)
Updated: 2004-05-01 09:13

Business turnover in diamond trading reported a 39 percent rise year-on-year to US$80.8 million during the first quarter of this year at the Shanghai Diamond Trading Center, the bourse for diamond trading in the Chinese mainland.

A continuing rise in diamond wholesale price in international markets shored up the trading in Shanghai, with the volume registered in March hitting a record high.

In March, trading of diamond totaled at US$40.7 million, up 91 percent year-on-year, with diamond imports rising 48 percent to US$12.2 million , and raw diamond trade soaring 270 percent to US$3.71 million.

Trade raw diamond accounted for 10.45 percent of the total trading volume during the first quarter of this year, rising many times over the previous year.

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