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Manufacturers Set Up in Panama Diamond Exchange to Launch LatAm Operations
Oct 13, 2015 10:21 AM
By Rapaport News
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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.
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Tags:
Diarough, Jewelex, Kiran Gems, latin America, Panama, Panama Diamond Exchange, Rapaport News, world jewelry hub
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