Qatar Diamond Exchange broadens Asian presence with Hong Kong partnership

The Qatar Diamond Exchange has forged a strategic partnership with the Diamond Federation of Hong Kong, China (DFHK) through a Memorandum of Understanding (MoU) signed in the latter city. This collaboration aims to expand the exchange's presence in Asia and strengthen trade connections. Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of DFHK, formalized the agreement, acknowledging Hong Kong's long-standing role as Asia's diamond trade gateway.

The partnership will facilitate member exchanges, introduce new business opportunities, and foster collaboration. Both organizations commit to upholding consumer trust in natural diamonds by adhering to industry standards like the World Diamond Council’s System of Warranties and the Responsible Jewellery Council's frameworks. Ghanim Al-Saadi highlighted the partnership's potential to bring Asian buyers within reach for Qatar Diamond Exchange members and open doors to the Gulf markets.

Lawrence Ma expressed excitement about the new framework for dialogue, trade, and collaboration, emphasizing the agreement's role in reinforcing Hong Kong's position as a trustworthy hub for global natural diamond trade. The exchange's fifth partnership with a WFDB-affiliated bourse follows similar agreements with the Diamond Exchange of Singapore, Shanghai Diamond Exchange, Tokyo Diamond Exchange, and Borsa Diamanti d’Italia, broadening its network across Asia's key trading centers and into Europe.