Kimderlite Diamond, China’s largest diamond processor, has launched a facility in Shanghai’s Pudong district that is capable of processing 150,000 karats of diamond a year, China Business News reported. The capacity is equivalent to 25% of the total weight of diamonds China imported in 2007. The Pudong plant will screen, polish, carve, design, embed in gold and distribute diamonds. China is the world’s second largest processor of diamonds for export. Shanghai Diamond Exchange figures show China imported 593,800 karats of diamonds valued at US$439 million in 2007, up 104% and 121% respectively on the year before.

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