World’s largest diamond firms move into new Panama Gem & Jewelry Center


Construction of the Phase I building of the Panama Gem & Jewelry Center is now complete and many companies are beginning to move into the facility. Among them are 14 of the world’s largest diamond trading firms that have a combined annual revenue of more than $13 billion.
The companies include Kiran Gems, Diarough NV, Rosy Blue, Bhavani Gems, Interjewel, Jewelex, M. Suersh, the Niru Group, ILI Diamonds of the A. Rachminov Group, Atit Diamonds of the Shairu Gems, Dianco, Ofer Mizrahi Diamonds, S. Schnitzer Diamonds and S. SB Bichachi Diamonds Group.
The diamond firms come from Israel, Belgium, India, U.S., Italy and Latin America.
“The Panama Gem & Jewelry Center, the new home of the Panama Diamond Exchange, is ready for business, and right on schedule, we are happy to say,” says Eli Izhakoff, PDE’s founding chairman. “After detailed planning, a very ambitious building program and hard work by all concerned, it is possible to declare that our targets have been met. It is certainly the newest diamond and jewellery-dedicated structure on the face of this earth, and also one of the most attractive. The Latin American diamond, gemstone and jewellery industries can be most proud about what has established for them.” CJ