Asia Diamond Exchange, Vietnam at the heart of the region’s diamond trade

The Asia Diamond Exchange (“ADE”) is a modern bourse to be organized in affiliation with the World Federation of Diamond Bourses (WFDB) that is fully compliant with the Kimberley attestation process. Within a convenient location near an international airport and located in the Multi-Commodities Center (“MCC”), to be established in the Free-Trade Zone of the Chu Lai Open Economic Zone, Quang Nam Province, Vietnam. ADE will become a vital rough diamond trading center.

Offering a tax amnesty within the Free Trade Zone, the ADE becomes an attractive option for diamond firms worldwide, particularly for manufacturers looking for a way to improve their bottom-lines. We expect companies headquartered in India and Belgium, Dubai and Israel, as well as other countries, will be able to open offices in the MCC and start trading in 2023.

A key component for establishing this trade will be the securing of a Diamond Building, where all diamond activities will be grouped within the Free Trade Zone, close to an international airport. This Diamond Building will be established under the models of the Dubai Diamond Exchange (DDE), Israel Diamond Exchange (IDE), the Bharat Diamond Bourse (BDB) and the Antwerp Diamond Exchange. It provides a secure and closed environment that houses everything a diamond trader needs under one roof. It has the ADE:

  • Trading floor;
  • A facility for diamond auctions;
  • Diamond related services;
  • Shipping, safe rooms;
  • Banks;
  • Support services such as restaurants and shops.

The geographic location of Vietnam adds to its allure as a diamond-trading center. For the first time, there is a major diamond center in the heart of an important consumer diamond market – the Asian region. As such, it will serve consumers in China and all countries in the region such as Singapore, Malaysia, Thailand, Indonesia, Cambodia, Korea, Japan, and Hong Kong. Vietnam is also a good mid-point stop between Africa, the leading rough diamond supplier, and India, the leading rough diamond polisher. This central location proves to be another attractive trait for Indian companies, which will quickly establish a presence in the ADE.

One stop shop

The ADE, in addition to providing a full range of services to support members in their daily transactions, will also house all ancillary service providers related to the diamond industry. The Philux Global Group Inc.’s task force is in the process of negotiating all the facilities as stated. A dedicated team will be located in the exchange and committed to assisting members and their guests:

  • Networking and Trade Lounge;
  • Boiling and polishing;
  • Secure transportation;
  • Kimberley Process Office;
  • Insurance and financing partners;
  • Gemological services and education.
Tenders and auctions

The ADE’s tender and auction services will play an important role in the Vietnam diamond trade, matching the right goods from seller to buyer. The ADE has the optimal infrastructure to host diamond tenders, using state of the art facilities, equipment and personnel to ensure secure, transparent tenders for the benefit of the seller and buyer.

Secure Vaulting

The ADE vault will combine a unique location with the highest global security standards for short and long term storage of precious gems and other valuable assets. Designed with security and accessibility in mind, it will be housed within the ADE floor, with high-tech security and ultimate convenience. Traders can deposit or withdraw goods using a fully automated robotic vault in complete privacy and comfort.

Diamonds will play an illustrious role in Vietnam’s heritage as a gateway for global trade. The ADE will be committed to setting the standard for the secure diamond trading in line with the highest quality standards. Our investments in world-class infrastructure and services include the government-backed Asia Diamond Exchange – Vietnam (ADE), ADE Vault and commitment to the Kimberley Process.

Trade through the ADE will rapidly expand by building on strong connections with producers in Africa, cutting centers in Asia and consumers in Europe, the US and China. Consequently, our members and global trading partners can trade with complete confidence while accessing new markets.

ADE vault

The ADE vault is a state of the art storage facility giving you access to short and long-term storage of diamonds, gold, designer jewelry and other precious items. Adhering to the highest global security standards, one can deposit or withdraw goods using a fully automated robotic system in comfort and privacy, at the ADE member’s convenience.

Secure storage in the Free Trade Zone

World-class features include:

  • State of the art security infrastructure;
  • Dedicated security and surveillance on a 24x7basis;
  • Operations managed by secure logistics provider – e.g. Ferrari Security and Malca Amit;
  • Flexible pricing structure for short and long term storage;
  • 24 hour access to the facility;
  • Fully automated robotic individual box vault (storage capacity of12kgs);
  • Additional storage options apart from boxes;
  • Insurance available upon request at competitive prices;
  • Conveniently located storage in Vietnam.

As Vietnam is conveniently situated on the world map to connect the growing precious metals and stones trade flows to and from the Indian subcontinent, South East Asia, Europe and Africa, the ADE Vault will represent a key cog in Vietnam’s logistics infrastructure as valuables kept here can be efficiently re-distributed to major consuming hubs globally.

For additional information, please refer to www.asiadiamondexc.com