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Qatar, Israel reach agreement on diamond trade

Qatar is not part to the Abraham Accords for normalizing ties with Israel, but this did not prevent it from reaching a bilateral agreement with Israel on the trade of diamonds.

Israel diamonds
Nisim Babeyov, a diamond buyer from Israel, inspects gems for sale at Koin International, a diamond and gemstone tender house, at Dubai Diamond Exchange on June 2, 2021. Israel's and Dubai's diamond exchanges announced a cooperation agreement last September. — Andrea DiCenzo/Getty Images

The Dec. 13 visit of Prime Minister Naftali Bennett in Abu Dhabi clearly reflected tightening bilateral relations between Israel and the United Arab Emirates. But are relations between Qatar and Israel also changing? A recently reported agreement in the diamond trade suggests they might be.

Qatar and Israel do not have diplomatic ties. Trade relations were first established in 1996, following the Oslo Accords, but were severed in 2009. Furthermore, the Gulf country kept its distance from the 2021 Abraham Accords, normalizing ties between Israel, Bahrain, the UAE, Morocco and Sudan.

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