Qatar Diamond Exchange strengthens ties with African diamond-producing countries

The Qatar Diamond Exchange is striving to enhance its ties with diamond-producing nations across Africa, leveraging Qatar's strategic location, advanced infrastructure, and business-friendly environment. Sheikh Mohammed bin Hamad bin Faisal Al-Thani, Chairman of the exchange, announced the organization's dedication to establishing a comprehensive system that fosters responsible trading, generates long-term economic value, and generates opportunities for stakeholders throughout the diamond value chain.

The Chairman emphasized the potential for expanding collaboration with African countries, recognizing the continent's pivotal role in the global diamond industry during a visit to the exchange's headquarters in Ras Bufontas Free Zone by Lesotho's Prime Minister and Minister of Defense and National Security, Samuel Matekane, alongside African ambassadors and diplomats accredited to Qatar.

Congo's Ambassador to Qatar, HE Valerie Lusamba Kabeya, expressed support for heightened cooperation with the exchange, underscoring the significance of fostering connections between African diamond-producing countries and international markets. She highlighted Africa's possession of significant diamond reserves and stressed the necessity of ensuring that the economic benefits derived from these resources translate into broader advantages for producing nations.

Kabeya characterized the diamond industry as a crucial contributor to African economies and a wellspring of prospects for future generations. She added that the Democratic Republic of the Congo, a major diamond producer, is keen on establishing partnerships that bolster the industry's long-term growth and generate additional prospects for African businesses.

The current exchange visit is part of the Qatar Diamond Exchange's endeavors to strengthen international relations and investigate new opportunities in the global diamond trade. It also reflects the exchange's ambition to link producing countries with manufacturers, customers, and international markets, while reinforcing its engagement with Africa, which houses several of the world's leading diamond-producing nations.