Qatar Diamond Exchange joins global jewelry group
Qatar Diamond Exchange has joined the International Jewelry Confederation (CIBJO), the leading organization that sets standards for the jewelry industry. This move enhances its international standing and broadens its activities to include the trade of gemstones and precious metals. This membership comes in conjunction with the organization's celebration of its 100th anniversary, as CIBJO is recognized as the primary reference for global standards. It works on developing policies related to diamonds and colored stones, as well as responsible sourcing. This membership allows Qatar Diamond Exchange to participate in the union's committees, contributing to the development of disclosure standards and terminology, ensuring goods are traded in accordance with internationally recognized practices and strengthening Qatar’s position in the global jewelry market. Moreover, this step reflects Qatar’s commitment to aligning its diamond trade operations with international standards and supports its efforts to achieve economic diversification in line with Qatar National Vision 2030.
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