Qatar Diamond Exchange Signs MoU With London Diamond Bourse
The Qatar Diamond Exchange (QDE) and the London Diamond Bourse (LDB) have signed a Memorandum of Understanding (MoU) to establish a strategic partnership aimed at strengthening trade ties and fostering closer collaboration between the diamond trading communities of Qatar and the United Kingdom.
The agreement was signed in London between Ghanim Al-Saadi, Director of the Qatar Diamond Exchange, and Charlotte Rose, President of the London Diamond Bourse.
Through cooperation with the London Diamond Bourse, QDE aims to support the development of the natural diamond, precious stone and jewelry trade, creating long-term value for both exchanges and their members.
The Qatar Diamond Exchange-LDB MoU establishes a non-binding framework for the two exchanges to facilitate business connections between their respective memberships, encourage commercial relationships and mutual introductions, and pursue broader cooperation. QDE and LDB will encourage bilateral visits and reciprocal participation in industry events, tenders, auctions, viewings and other activities organized or hosted by either exchange.
The partnership further seeks to promote consumer confidence in natural diamonds and colored gemstones through international and local industry initiatives, while supporting adherence to recognized industry standards, including the World Diamond Council’s System of Warranties and initiatives led by the Responsible Jewelry Council.
“London is a well-established center for international diamond trading, and our partnership with the London Diamond Bourse marks an important step in expanding QDE’s global network. Through this cooperation, we aim to create new opportunities for our members to access international markets, strengthen commercial relationships and support our ambition to position Qatar as a trusted and well-connected hub for the global diamond trade.”
Charlotte Rose, President of the London Diamond Bourse, said that, “Qatar represents an opportunity to strengthen engagement with the Gulf region, and this agreement provides a valuable framework for our members to explore new commercial opportunities and share industry expertise. We look forward to building a productive partnership that delivers tangible value to both trading communities and contributes to the long-term development of the natural diamond trade.”
The agreement builds on QDE’s growing network of international partnerships, following MoUs signed earlier this year with the Diamond Exchange of Singapore (DES), the Shanghai Diamond Exchange (SDE), and the Tokyo Diamond Exchange (TDE).