Qatar Diamond Exchange broadens Asian presence with Hong Kong partnership

Doha, Qatar - The Qatar Diamond Exchange has established a strategic partnership with the Diamond Federation of Hong Kong, China, through a Memorandum of Understanding (MoU). The agreement, signed in Hong Kong, aims to broaden their Asian presence by connecting their memberships and creating opportunities for trade between the two communities. Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of the Diamond Federation of Hong Kong, signed the MOU.

DFHK, founded in 2000, represents Hong Kong's diamond industry and is a member of the World Federation of Diamond Bourses (WFDB). Both organizations pledge to uphold consumer confidence in natural diamonds and adhere to industry standards, including the World Diamond Council's System of Warranties and the Responsible Jewellery Council's frameworks.

Al-Saadi expressed that the partnership will provide Asia's buyers within reach for Qatar Diamond Exchange members and open the Gulf markets for Hong Kong's diamantaires. Ma, on the other hand, emphasized the MoU's role in facilitating market insights exchange, sharing best practices, and strengthening Hong Kong's role as a trusted hub for the global natural diamond trade.

This agreement marks the Exchange's fifth partnership with a WFDB-affiliated bourse, following MOUs signed with the Diamond Exchange of Singapore, Shanghai Diamond Exchange, Tokyo Diamond Exchange, and Borsa Diamanti d'Italia.