GGDO Export Licenses

The GGDO, The Government Gold and Diamond Office in Freetown Sierra Leone is the government agency in charge of issuing all export licenses for Gold and Diamonds if you want to export these commodities out of the country.

Such licenses can cost up to $45,000 per year, and without purchasing a license, or being able to use someone else’s, you will not be able to get your Kimberley Process Certificate to take the diamonds out of the country.

As of today, there are only 21 Companies with current Diamond Exporter’s Licenses, 40 with Diamond Exporter’s Agent Licenses, and 47 with Diamond Exporter’s Agent Certificate.

Most people will show you a fake license, and purchasing from these scammers can land you straight to prison, not to mention the fact that you will most likely lose your money. You will also need a Diamond Dealer’s License if you decide to purchase rough diamonds on your own.

If you decide to purchase rough diamonds in Sierra Leone, Madnox can save you lots of time, money and headaches with our operations on the ground in Freetown. Feel free to contact us at TradeDesk@Madnox.com or call us for consulting services at +1-305-600-1814

India’s Volume of Rough Diamonds Export Down 14.4%

Exports of diamonds last month were just north of $1.5 billion, down by over 18 per cent from to $1.85 billion at the same time last year.

Volume wise, this decline was over 14 per cent, Indian trade exporting over 2.80 million carats in July this year,  against 3.26 million carats last year.

Similarly, imports of rough diamonds in July fell 42.9 per cent to $1 billion against $2 billion last year. In volume terms, 9.36 million carats of rough were imported in July, a decline of 40 per cent compared with imports of 15.6 million carats in July 2014.

However the main markets both for rough and polished diamonds remained strong in places like Holland. Sourcing from Alrosa, the largest producer of rough diamonds. Another would be to make Mumbai a more attractive market in the global diamond trade, as India already cuts over 80% of the world’s diamonds.