Doha: Qatar Free Zones Authority (QFZ) has announced the launch of 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. The establishment of QDE aims to create a new gateway for global diamond trade in Qatar, aligning with the country's economic diversification goals under Qatar National Vision 2030.
According to Qatar News Agency, QDE offers a comprehensive regulatory ecosystem that combines trading, membership, vaulting, certification, and industry services. This initiative positions Doha as a key player in international diamond markets, facilitating a seamless and secure environment for conducting business. QDE's infrastructure includes a secure trading floor, private negotiation suites, an institutional-grade vault with biometric access control, and 24/7 on-site security and surveillance, along with customs and certification facilities.
QFZ's CEO and QDE's Chairman, HE Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani, emphasized the strategic importance of QDE in diversifying Qatar's economy and establishing the country as a trusted participant in the global diamond trade. Building on Qatar's participation in the Kimberley Process since 2021, QDE integrates the entire diamond and precious stones value chain within a regulated ecosystem, supporting trading, storage, vaulting, auctions, tenders, and industry support services.
Membership to QDE is open to companies involved in the trade, manufacture, cutting, and polishing of diamonds, as well as affiliate service providers and industry bodies. Members benefit from 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 from 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, this 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.