The Panama Diamond Exchange (PDE) has partnered with Cámara de Joyería y Platería de Jalisco, which is the largest jewellery association in Mexico. The new venture is set to develop and improve business relationships between Panama and Mexico.
Based in Guadalajara, Mexico, Cámara de Joyería y Platería de Jalisco members will receive affiliate status and automatic entry to the PDE. The two companies will also join forces to put on Mexico Diamond Week.
“The establishment of a recognized diamond exchange in Latin America is an exciting development for the jewelry sector in Mexico,” says Miguel Cotero, president of Cámara de Joyería y Platería de Jalisco. “Not only will it provide a substantial and ready supply of diamonds in a center that is easy to access and comfortable to operate in, but the fact that it will bring together traders from across the region and the world should provide us with new opportunities and markets for our own products.”
“For PDE, this agreement epitomizes the very core of our mission, and that is to provide a structured trading environment that improves the prospects of the entire Latin American gemstone and jewelry sector,” said Erez Akerman, PDE president. “Mexico is of critical importance, not only because of its size and value as a market, but also because of its leadership role.” CJ