QDE signs MoUs with bourses in Singapore, Shanghai and Tokyo

The Qatar Diamond Exchange (QDE) has entered into Memoranda of Understanding (MoUs) with the Diamond Exchanges in Singapore, Shanghai, and Tokyo during the 41st World Diamond Congress in Singapore. These agreements mark QDE's strategic emphasis on cultivating stronger ties with leading diamond markets in Asia and fostering new trade and cooperation opportunities between Qatar and the region.

Each MoU was officially signed by Ghanim Nasser Al Saadi, Director of QDE, and the respective presidents: Fabio Cascapera of the Singapore exchange, Lin Qiang of the Shanghai exchange, and Michio Iwasaki of the Tokyo exchange.

The MoUs lay out frameworks for QDE and partner exchanges to bolster business connections among their members, stimulate commercial relationships, and explore mutual cooperation avenues. They also facilitate bilateral visits, reciprocal participation in industry events, tenders, auctions, viewings, and other exchange-organized activities.

The partnerships aim to bolster consumer trust in natural diamonds and precious stones, promote adherence to industry standards, and support initiatives by the World Diamond Council and the Responsible Jewellery Council.

Ghanim Nasser Al Saadi, QDE Director, noted, "These partnerships represent a tangible step forward in broadening QDE's engagement across Asia. By establishing direct links between our members and those in Singapore, Shanghai, and Tokyo, we are forging fresh channels for trade, investment, and industry collaboration. The agreements will also underscore Doha's capacity to act as a trusted bridge, linking Asian diamond markets with the broader international trade, underpinned by transparency, responsible practices, and globally recognized standards."

Fabio Cascapera, President of the Singapore exchange, expressed, "We are delighted to formalize this partnership with QDE at a time when forging stronger connections across Asia and the global diamond community is more critical than ever. This MoU will generate meaningful opportunities for our members to forge relationships, share knowledge, and explore new business avenues. By collaborating, we can also help elevate confidence in natural diamonds and contribute to a more interconnected and resilient future for the trade."

Lin Qiang, President of the Shanghai exchange, remarked, "The Shanghai Diamond Exchange has consistently championed international exchange and cooperation as vital to the diamond industry's healthy growth. This MoU with QDE will bring our members and markets closer, facilitate practical commercial engagement, and create fresh opportunities for mutual benefit. We eagerly anticipate cultivating a long-term relationship that strengthens ties between China, Qatar, and the global diamond trade."

Michio Iwasaki, President of the Tokyo exchange, stated, "The diamond trade thrives on trust, transparency, and consumer confidence. Through this partnership with QDE, we aim to deepen ties among our members, generate new collaboration opportunities, and bolster the industry's credibility. We firmly believe this cooperation can bolster a stronger, more trusted international market for natural diamonds."

The QDE, established in July 2026 and headquartered at Ras Bufontas Free Zone, serves as a comprehensive, regulated platform for diamond trading and associated services. It acts as a vital conduit between Doha and global diamond markets, bolstering Qatar's diamond and precious stones sector and advancing the country's economic diversification goals as outlined in Qatar National Vision 2030.