Qatar launches diamond exchange to expand global trade role

Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani, CEO of the Qatar Free Zones Authority (QFZ) and chairman of QDE, stated that the exchange represents a significant step in Qatar's efforts to diversify its economy and enhance its standing in the global diamond trade. He emphasized that QDE brings together the entire diamond and precious stones value chain, including trading, storage, vaulting, auctions, tenders, and support services.

The establishment of QDE aligns with Qatar's participation in the Kimberley Process Certification Scheme, an international framework for conflict-free rough diamonds. Legislation enacted in 2025 designated Qatar's free zones as the exclusive points for rough diamond entry and exit, with QFZ acting as the competent authority. QDE will operate as the regulated platform for members to trade, store, and certify diamonds under this scheme.

Membership is extended to diamond traders, manufacturers, cutters, polishers, and industry service providers. Companies utilizing the exchange can benefit from trading licenses, secure vaulting facilities, valuation services, and specialized insurance. Additionally, they can access free-zone incentives such as 100% foreign ownership and a 0% corporate tax rate for eligible businesses. QDE also intends to host regular tenders to connect diamond producers from Africa and Asia with buyers in Europe and the Gulf region.