

25 Jan 2025
Philux Global Group secures funding to develop a state-of-the-art diamond trading hub in Ho Chi Minh City, offering a unique platform for both rough and lab-grown diamonds.
Financial backers have secured billions of dollars in investments to establish Asia’s first-ever diamond exchange for trading both rough and lab-grown diamonds, according to a report by IDEX Online.
Philux Global Group announced a $5 billion private investor partnership to develop the Asian Diamond Exchange (ADE) and the International Financial Center (IFC) in Vietnam.
According to the statement, ADE will be a modern diamond exchange consolidating all diamond-related activities under one roof in a free trade zone with tax incentives, set to be established in Ho Chi Minh City.
The new diamond exchange will serve as a trading hub for clients from China, Singapore, Malaysia, Thailand, Indonesia, Cambodia, Korea, Japan, and Hong Kong.
According to the press release, “The Diamond Buildings will provide a secure and closed environment that houses everything a diamond trader needs under one roof, the first-ever combined rough and lab-grown diamond exchanges in the Asian hemisphere.”

It also emphasized that “The Asian Diamond Exchange will be established in conjunction with the International Financial Center following the model of Dubai, UAE and the success stories of other prominent international financial centers.”
The establishment of a new diamond exchange has drawn attention, with the World Federation of Diamond Bourses (WFDB) officially denying Philux Global Group’s claim that its purported exchange is affiliated with the federation. In a press release, the WFDB stated that while it supports the establishment of new diamond bourses and assists them in their early stages, the ADE has neither sought affiliation nor made any contact with the federation so far.