Advanced Search

Manufacturers Set Up in Panama Diamond Exchange to Launch LatAm Operations

Oct 13, 2015 10:21 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Diamond manufacturers Diarough, Jewelex and Kiran Gems have set up offices at the Panama Diamond Exchange (PDE) to launch their operations for Latin America.

The companies, which had pre-reserved space during the construction phase of the premises in the World Jewelry Hub, are also De Beers sightholders, the PDE said in a statement October 13.

Panama is a “springboard into Latin America, and the center from which we will be able to consolidate and manage our business in what clearly will be the focal point of a rapidly expanding market,” Ashit Parikh, president of Emby International, Diarough's New York affiliate, said in the statement.

Diarough, an Antwerp-based manufacturer and wholesaler, appointed Leon Nevedrov to head its office at the hub. Sharon Schwartz will lead Mumbai-based Jewelex’s office and Nathan Abadiwill run Kiran Gems, which is also headquartered in India’s financial capital.

Jewelex’s strategy is to “establish a physical presence in an emerging market, where we can ensure that customers get a product range best suited to meet their specific needs, along with shorter delivery lead times,” Nirav Doshi, head of Jewelex New York, said in the statement.
Tags: Diarough, Jewelex, Kiran Gems, latin America, Panama, Panama Diamond Exchange, Rapaport News, world jewelry hub
Similar Articles
De Beers sightholder office 150Rough Prices Firm at $555M De Beers Sight
Mar 06, 2018
Rough diamond trading was robust in February, with De Beers notching $555 million in sales during the
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.