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Panama Diamond Exchange Gets New Name

May 30, 2016 5:29 AM   By Rapaport News
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RAPAPORT... The Panama Diamond Exchange has been renamed the World Jewelry & Diamond Hub, Panama, to reflect a broader range of goods being traded in the bourse.

“While the trade in diamonds is a principal component of the activity at our bourse, it is certainly not the only one," said Mahesh Khemlani (pictured), the exchange’s president. “A large number of our members deal in jewelry as well, and there is also a very active trade in emeralds and other colored gemstones.”

Not to be confused with the World Jewelry Hub (WJH), which hosts the exchange, management also wanted a name that underlined the connection between the two institutions.

Separately, the WJH reported the first export of finished jewelry manufactured in its free-trade zone since the hub was inaugurated last year. The transaction was managed under the center's expanded free-zone license, which now permits manufacturing facilities within its jurisdiction.

"This was a small export, but a giant step for the World Jewelry Hub," said Khemlani. "The expansion of the license allows us to develop the range of activities within our center to include both trading and manufacturing, realizing our vision of becoming a one-stop shop for the jewelry industry.”
Tags: bourses, Central America, exchanges, Jewelry, latin America, Mahesh Khemlani, Panama, Panama Diamond Exchange, PDE, Rapaport News, WJH, World Jewelry & Diamond Hub Panama, world jewelry hub
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