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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.
Tags: Diarough, Jewelex, Kiran Gems, latin America, Panama, Panama Diamond Exchange, Rapaport News, world jewelry hub
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