Qatar launches diamond exchange
The Qatar Free Zones Authority announced the launch of a diamond exchange in Ras Bufontas Free Zone, aiming to organize and facilitate the trade of rough and polished diamonds as well as gemstones in Qatar. The exchange offers comprehensive services including trading, secure storage, certification issuance, and specialized services within a unified regulatory framework. It connects producers in Africa and Asia with buyers across Europe and the Gulf. This step is significant in supporting Qatar's economic diversification and reinforcing the country's position as a trusted partner in global diamond trade, especially following Qatar’s accession to the Kimberley Process in 2021 and the appointment of the authority as the competent body to regulate the diamond sector under modern laws that ensure transparency and security.
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