Doha, July 26 (QNA) - Qatar Free Zones Authority (QFZ) has announced the Qatar Diamond Exchange (QDE), a fully integrated platform for the trade of rough and polished diamonds and precious stones hosted within Ras Bufontas Free Zone.
Bringing together trading, membership, vaulting, certification, and industry services within a single regulated ecosystem, QDE establishes a new gateway for global diamond trade in Qatar, connecting Doha to international diamond markets and advancing economic diversification under Qatar National Vision 2030.
QDE operates as a single regulated platform with a secure trading floor, private negotiation suites, an institutional-grade vault with biometric access control, 24/7 on-site security and surveillance, and on-site customs and certification facilities, providing members with a seamless and secure environment in which to conduct business.
QFZ's CEO and QDE's Chairman, HE Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani, commented, "The Qatar Diamond Exchange represents an important step in Qatar's efforts to further diversify its economy and strengthen its position as a trusted participant in global diamond trade. Building on Qatar's participation in the Kimberley Process since 2021, we have established the regulatory and institutional foundations needed to support the growth of a new strategic sector for the State. Through QDE, we are bringing together the full diamond and precious stones value chain within a single regulated ecosystem spanning trading, storage, vaulting, auctions and tenders, and industry support services."
Membership of the Exchange is open to companies that trade, manufacture, cut and polish diamonds, alongside affiliate service providers and industry bodies. Members gain access to trading licences, on-site assortment and independent valuation, vault access, and specialist insurance all within a free zone offering 100% foreign ownership and 0% corporate tax for qualifying entities. A curated calendar of rough and polished tenders will connect producers across Africa and Asia with buyers in Europe and the Gulf.
Qatar became a full participant in the Kimberley Process Certification Scheme (KPCS) in 2021. Implemented through Law No. (15) of 2025, Qatar's Kimberley Process framework designates QFZ as the State's competent authority and establishes Qatar's free zones as the sole legitimate entry and exit point for rough diamonds. (QNA)