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Standing are H.E. Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani (left) and H.E. Valérie Lusamba Kabeya, with DGJASA President Molefi Letsiki and QDE Director Ghanim al-Saadi signing the MoU.
Under the agreement, both organizations will work to develop trade relationships between their respective memberships, facilitating business introductions, encouraging the exchange of industry knowledge, and identifying opportunities for cooperation. Members and management from both sides will also be invited to participate in industry events, tenders, auctions, and viewings, alongside reciprocal visits aimed at fostering direct engagement.
Ghanim Al-Saadi said: “Southern Africa is central to the global diamond industry, with a long history of production, expertise, and trade. This partnership creates an opportunity for Qatar Diamond Exchange to build stronger relationships with the region's diamond community and connect its businesses with new markets through Qatar. We see considerable value in bringing producers, traders, and buyers closer together, and in creating opportunities that will support the industry's long-term growth.”
Molefi Letsiki said: “This partnership with Qatar Diamond Exchange offers us an opportunity to further expand our association’s international reach and open new commercial channels for our members. Qatar's strategic location and growing diamond trading ecosystem make it a promising partner, and we look forward to building stronger connections between our trading communities and exploring opportunities for mutually beneficial cooperation.”
The partnership also places an emphasis on promoting consumer confidence in natural diamonds and colored gemstones. Both organizations intend to uphold internationally recognized industry standards, including the World Diamond Council's System of Warranties and initiatives led by the Responsible Jewellery Council, supporting transparency and responsible practices.
The agreement expands the Exchange's expanding network of international partnerships, including the London Diamond Bourse, the Diamond Federation of Hong Kong, China, Borsa Diamanti d'Italia, the Tokyo Diamond Exchange, the Shanghai Diamond Exchange, and the Diamond Exchange of Singapore. Through these relationships, the Qatar Diamond Exchange continues to strengthen its connections across key diamond-producing and trading markets, supporting its ambition to establish Qatar as an international hub for the diamond and colored gemstones industry and contribute to the country's economic diversification goals under Qatar National Vision 2030.
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