Skip to main content

Qatar Diamond Exchange Joins The World Federation Of Diamond Bourses

Mehul Shah (left) with Ghanim Nasser Al-SaadiReading Time: 5 minutes
Key takeaways

• The Qatar Diamond Exchange (QDE) has officially become a member of the World Federation of Diamond Bourses (WFDB), connecting Qatar directly to the global diamond industry’s leading centers.

• QDE’s membership provides trading companies with reciprocal recognition across the federation’s 27 global bourses, access to an arbitration framework, and alignment with the WFDB Code of Conduct.

• Reflecting its growing status, Qatar has been nominated to host the WFDB’s 2027 Annual Presidents’ Meeting, bringing global diamond industry leadership to the country for the first time.

(DOHA, QATAR) – The Qatar Diamond Exchange (QDE) has officially been admitted as a member of the World Federation of Diamond Bourses (WFDB), the exclusive organization that, as of now, unites 27 diamond bourses on five continents under common trading rules and a shared code of conduct. QDE’s admission was announced during the 41st World Diamond Congress, convened by the WFDB and the International Diamond Manufacturers Association (IDMA) in Singapore from July 12-15, 2026, and hosted by the Diamond Exchange of Singapore.

Mehul Shah (left) with Ghanim Nasser Al-Saadi

Mehul Shah, the newly elected President of the World Federation of Diamond Bourses, said, “The WFDB is delighted to welcome the Qatar Diamond Exchange as a member. Qatar has real potential in diamonds with a friendly, business-first policy environment, strong buying power, and an excellent geographical location. We wish the QDE every success and look forward to the 2027 Presidents’ Meeting in Qatar.”

Qatar has been part of the global diamond ecosystem since 2021, when the country joined the Kimberley Process Certification Scheme (KP) as a full participant. WFDB membership now builds a new trade bridge between Qatar and the industry’s principal markets. For the exchange itself, it is recognition from the world’s bourses. QDE takes its place in the federation’s global network of member exchanges. Companies trading in QDE gain reciprocal recognition across the federation’s bourses, access to its arbitration framework, and the assurance that trade in Qatar is conducted under the WFDB’s Code of Conduct. In a further endorsement, the WFDB nominated Qatar to host its 2027 Annual Presidents’ Meeting, bringing the leadership of the world’s diamond bourses to Qatar for the first time.

Ghanim Nasser Al-Saadi, Director of the Qatar Diamond Exchange, commented: “There is no higher compliment in this trade than the world’s bourses opening their doors to you. Membership of the WFDB means the QDE now trades to the same world standard as the industry’s leading centers. That is the real value of this recognition. They have looked at our exchange, our standards, and our people, and welcomed us as one of their own. Being nominated to host the 2027 Presidents’ Meeting is a responsibility we welcome; next year the leadership of the global diamond industry will see Qatar’s exchange first-hand.”

The announcement builds on the QDE’s recent admission to the World Diamond Council (WDC), the organization that represents the diamond industry within the KP. With both memberships in place, QDE operates in line with the WDC System of Warranties and the WFDB Code of Conduct across all its activities.

Formally announced earlier this week, the Qatar Diamond Exchange opens a new trade sector for Qatar, connecting the country to the global diamond industry in line with Qatar National Vision 2030. QDE operates as a single regulated platform that offers a secure trading floor, private negotiation suites, an institutional-grade vault with 24/7 on-site security, and on-site customs and KP certification. All located at Ras Bufontas Free Zone, adjacent to Hamad International Airport.

For more information and to apply for membership, visit qde.qa.

The post Qatar Diamond Exchange Joins The World Federation Of Diamond Bourses appeared first on Southern Jewelry News.



from Southern Jewelry News https://ift.tt/rbZ3uJE
Labels:

Popular posts from this blog

NRF Chief Economist weighs in on inflation and its impact on retail

(WASHINGTON) – Inflation is at a 40-year high but isn’t hitting all consumers as hard as top-line numbers might suggest, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said yesterday. Nonetheless, consumer worries about rising prices could become self-fulfilling if workers demand higher wages to compensate and will play a role in the Federal Reserve’s efforts to bring inflation under control. “After decades of relatively low levels, inflation is on everyone’s mind and has been making consumers and businesses miserable as prices have picked up dramatically over the past year,” Kleinhenz said. “However you measure it, inflation has become a powerful force and plays a key role in the nation’s economic outlook.” “While actual price gains are expected to slow down in the coming months as they lap relatively high readings from the year before, the Fed is concerned about the risk of an unwanted jump in inflation expectations,” Kleinhenz said. “If consumers expect rampant i...
Read more

IAS Training introduces Retail Sales and Sales Management Munchies

Reading Time: < 1 minute Brad Huisken of IAS Training, frequent contributor to Southern Jewelry News and Mid-America Jewelry News, has announced a new, free weekly training newsletter – Retail Sales & Sales Management Munchies, Proven Strategies, Techniques and Principles to grow your business. The newsletter will debut March 28, 2025 and be delivered every Friday via email. The newsletter will provide sales and sales management strategies and techniques, designed to increase sales and profits. Huisken recommends that all jewelry store owners, managers and salespeople subscribe to this free training opportunity. Click here to subscribe . The post IAS Training introduces Retail Sales and Sales Management Munchies appeared first on Southern Jewelry News . from Southern Jewelry News https://ift.tt/JUtEAWg
Read more

The Retailer’s Perspective: It’s Showtime (Again)!

I just got home from the Atlanta Jewelry Show, and thought I’d share some thoughts and discoveries with everyone from the show. Here’s what you missed if you haven’t been to a trade show in a while. First and foremost… They are fun! The really cool thing about a trade show is the interaction with your longtime friends and business associates. I’ve got friends in this business that I’ve known for 43 years. Many of those friends I’ve only seen face-to-face 43 times – always at a trade show . A jewelry trade show is a hands-on experience. Most days I’m at the point that I don’t want to look at another piece of jewelry on a phone or computer screen. I don’t care how many pics you take, and how many angles you shoot it from, you never really capture the essence of the piece. Being real jewelers , we know the only way to evaluate, and assess, a piece’s true quality and workmanship is to hold it in our hands. A jewelry trade show is a full blown, hands-on, experience. We’ve all bought jew...
Read more