The Qatar Diamond Exchange has signed a Memorandum of Understanding (MoU) with the Diamond Federation of Hong Kong, China (DFHK), establishing a strategic partnership between the two organizations. The agreement was formalized in Hong Kong by Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of DFHK.
Quick Summary
- The Qatar Diamond Exchange has signed an MoU with the Diamond Federation of Hong Kong, China (DFHK).
- The partnership aims to connect memberships and expand commercial opportunities between Doha and Hong Kong.
- Members will have opportunities to participate in industry events, tenders, auctions and viewings.
- Both organizations have pledged to support consumer confidence in natural diamonds and follow established industry standards.
- The agreement marks the Qatar Diamond Exchange’s fifth partnership with a WFDB-affiliated bourse.
- Previous partnerships include diamond exchanges in Singapore, Shanghai and Tokyo, as well as Borsa Diamanti d’Italia.
Qatar Diamond Exchange Broadens Asian Presence with Hong Kong Partnership
The Qatar Diamond Exchange has signed a Memorandum of Understanding (MoU) with the Diamond Federation of Hong Kong, China (DFHK), establishing a strategic partnership between the two organizations. The agreement was formalized in Hong Kong by Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Lawrence Ma, President of DFHK.
DFHK’s Role in Hong Kong’s Diamond Industry
Founded in 2000, DFHK represents Hong Kong’s diamond industry and is a member of the World Federation of Diamond Bourses (WFDB). The federation’s members worldwide work hand in hand with other international gem and jewelry associations to uphold the integrity of the diamond business and to advance consumer confidence in natural diamonds.
Partnership to Expand Commercial Opportunities
Under the agreement, the Exchange and DFHK will work to connect their memberships, opening commercial channels, making introductions and creating opportunities for the two communities to trade with one another. Members and management on both sides will be welcomed at industry events, tenders, auctions and viewings, with a schedule of visits between Doha and Hong Kong.
Commitment to Natural Diamond Confidence and Industry Standards
Both organizations have also pledged to support consumer confidence in natural diamonds and each will trade in line with the standards the industry relies on, among them the World Diamond Council’s System of Warranties and the frameworks led by the Responsible Jewellery Council.
Ghanim Al-Saadi on the Strategic Partnership
Ghanim Al-Saadi said: “Hong Kong has been Asia’s gateway for diamonds for generations, and the DFHK sits at the heart of that trade. For our members, this partnership puts Asia’s buyers within reach. For Hong Kong’s diamantaires, it opens the Gulf and the markets it serves. Every agreement we sign is built on the same idea. Trade follows trust, and trust is built between people.”
Lawrence Ma on Trade and Collaboration
Lawrence Ma stated: “We are most delighted to have signed this MoU with the Qatar Diamond Exchange, which serves to provide a simple, effective framework for our members to exchange market insights, share best practices. It will open new channels for dialogue, trade and collaboration, while reinforcing Hong Kong’s role as a trusted hub for the global natural diamond trade. We look forward to working closely with Qatar Diamond Exchange to create practical opportunities for our members, strengthen confidence in natural diamonds, and build a more connected and resilient future for our industry.”
Qatar Diamond Exchange Expands Its International Network
The agreement is the Exchange’s fifth partnership with a WFDB-affiliated bourse. Earlier this year, MoUs were signed with the Diamond Exchange of Singapore (DES), the Shanghai Diamond Exchange (SDE), the Tokyo Diamond Exchange (TDE), and Borsa Diamanti d’Italia (Diamond Bourse of Italy), deepening the Exchange’s network across Asia’s principal trading centers and into Europe.
About QDE
Established in July 2026 by the Qatar Free Zones Authority and based in Ras Bufontas Free Zone, Qatar Diamond Exchange provides an integrated, regulated platform for trading rough and polished diamonds and precious stones, bringing together trading, membership, vaulting, certification, and related industry services. Building on Qatar’s participation in the Kimberley Process since 2021, Law No. (15) of 2025 designates Qatar Free Zones Authority as the State’s competent authority and Qatar’s free zones as the sole authorized entry and exit points for rough diamonds. The Exchange connects diamond-producing countries with international buyers and manufacturers, while supporting the growth of Qatar’s diamond and precious stones sector and the country’s economic diversification ambitions under Qatar National Vision 2030.
FAQs
What is the Qatar Diamond Exchange’s new partnership?
The Qatar Diamond Exchange has signed a Memorandum of Understanding with the Diamond Federation of Hong Kong, China, to establish a strategic partnership and expand trade and collaboration.
What is the Diamond Federation of Hong Kong, China?
Founded in 2000, DFHK represents Hong Kong’s diamond industry and is a member of the World Federation of Diamond Bourses.
What are the objectives of the Qatar Diamond Exchange and DFHK MoU?
The agreement aims to connect members, facilitate commercial introductions, create trade opportunities, encourage industry visits and support consumer confidence in natural diamonds.
How will the partnership benefit diamond traders?
Members of both organizations will have opportunities to connect through industry events, tenders, auctions, viewings and scheduled visits between Doha and Hong Kong.
Which industry standards will the organizations support?
The organizations have committed to standards including the World Diamond Council’s System of Warranties and frameworks led by the Responsible Jewellery Council.
How many WFDB-affiliated bourse partnerships has the Qatar Diamond Exchange signed?
The agreement with DFHK is the Qatar Diamond Exchange’s fifth partnership with a WFDB-affiliated bourse, following agreements with exchanges in Singapore, Shanghai and Tokyo, and Borsa Diamanti d’Italia.
Source: SVAR Media Network
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