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Qatar and Israel Sign Historic Diamond Trade Agreement

Qatar and Israel, which have not established diplomatic relations, have signed a diamond trading agreement, according to IDEX Online following a report in Globes business news website.


Israeli Diamond Bourse
Credit: IDI


The move, per the report, “allows Israel diamond traders to enter the country and set up representative offices.”


A previous diamond week in Israel
Credit: Yankele


Qatar plans to establish a free trade zone for precious stones and gold as well as a diamond exchange based on the Dubai model. According to the report, “the Israel Diamond Exchange has reportedly welcomed the agreement to open up a new market.” 

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