Let's compare Dubai's Diamond exchange to what the Asia Diamond exchange $PHIL is buidling in Vietnam. Here is a description of the Dubai Diamond Exchange. I am pretty confident Dubai got billions of project financing to build their Diamond exchange as well. Most likely from the same Oman banks $PHIL is getting their money from. $PHIL will build a Diamond exchange like the one below and a Global Multi-Commodities Center just like Dubai did.
Dubai's diamond gateway Certified for security, quality and responsible stewardship
Diamonds play an illustrious role in Dubai's heritage as a gateway for global trade. In the space of just 15 years, Dubai has transformed into the world’s third-largest diamond trading centre. It happened because we designed an environment that is safe, business-friendly, and that conveniently links producing and consuming markets.
DMCC’s investment in world-class infrastructure and services include the government-backed Dubai Diamond Exchange (DDE), our state-of-the-art vault and storage facilities, commitment to the Kimberley Process and the upgraded DDE tender facility in 2019.
Trade through the DDE has rapidly expanded by building on strong connections with producers in Africa, cutting centres in Asia and consumers in Europe, the United States and China. Consequently, our members and global partners can trade with complete confidence while accessing new markets.
Here is how $PHIL describes their diamond exchange. $PHIL is also getting some of their diamonds from Africa and went through the Kimberley Process just like Dubai's Diamond exchange did.
Located in a Free-Trade Zone in Vietnam near an international airport in the new Global Multi-Commodities Center (“GMCC”) similar to the Dubai Multi-Commodities Centre (https://www.dmcc.ae/), the ADE is a modern bourse to be established in affiliation with the World Federation of Diamond Bourses (WFDB) and fully compliant with the Kimberley attestation process. ADE membership will serve as a mark of distinction, opening doors and allowing access to those active in the diamond trade. The ADE ensures that its members will have the safety of only trading with reputable companies adhering to its compliance guidelines that are bound by a strict code of good business practices and ethics.
The ADE will have exceptional facilities, providing fully equipped trading halls for its members and a complete service environment for everyone in the diamond pipeline. In addition to providing a full range of services to support members in their daily transactions, the ADE will also provide a complete line of ancillary services related to the diamond industry. Members and their guests will have convenient access to networking and a Trade Lounge, boiling and polishing, secure transportation, Kimberley Process Office, insurance and financing partners, gemological services, education and more.
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 will have 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.
$PHIL has taken at least 4 years to get to this point of breaking ground on the Asia Diamond exchange in Vietnam which we will most likely hear about in an International Press Release this month or in March 2022.
Market Data 
Markets 
AI
