Ahead of start on Phase II at Panama Gem & Jewelry Center

Ahead of start on Phase II at Panama Gem & Jewelry Center

06.11.2014: ....project director and architects visit world's largest diamond complex

....project director and architects visit world's largest diamond complex  



 Shmuel Schnitzer (third from left), President of the Israel Diamond Exchange, flanked by the delegation from Panama, from left: Ignacio Mallol, Juan Manuel Henriquez, PDE Founding Chairman Eli Izhakoff, Eric Den Eerzamen and Joseph Kuzi. Mr. Schnitzer is also a PDE Board member.




With the construction set to begin in 2015 of the Phase II section at the Panama Gem & Jewelry Center, the only dedicated hub for the Latin American diamond, colored gemstone and jewelry trades, its project director and lead architects have visited the Israel Diamond Exchange complex, the world's largest facility of this type, where they examined and considered similar security, logistic and operational systems being developed for the center in Panama City.
 

The visiting delegation included Juan Manuel Henriquez, the Project Director at Grupo Verdeazul, the lead developer of the Panama Gem & Jewelry Center, and Ignacio Mallol and Eric Den Eerzamen of Mallol & Mallol, the prominent Latin American firm of architects that is designing the complex.


They joined Eli Izhakoff, Founding Chairman of the Panama Diamond Exchange, and Joseph Kuzi, PDE's Executive Vice President. Their Israeli hosts were Shmuel Schnitzer, President of the Israel Diamond Exchange, and Moti Besser, Managing Director of the Israel Diamond Exchange.
 

"There are numerous parallels between the Israel Diamond Exchange complex in Ramat Gan and what is being developed in Panama City, and for this reason it is an ideal venue to see the various systems in operation and consider how they may best be applied in Panama," said Mr. Henriquez.


"The Israeli complex is comprised of a series of interconnected office towers, all contained within the same secure perimeter and together making up a single economic area with a preferential customs and tax status. 


It is the same model that we are using in Panama, and it provides us an excellent opportunity to examine the systems operating in real time, and to consider how they should be adjusted and fine-tuned for Latin America. We are most grateful for the hospitality, generosity, openness and support shown by our Israeli hosts."
 

During the visit the team met with senior IDE officials and managers, the Israeli government's chief diamond and precious stones regulator, and representatives of security and logistics firms, insurance operators, banks and leading diamond companies. They also were received by Shlomo Eshed, President of the Israel Precious Stones and Diamond Exchange.


"Our primary objective was to understand and appreciate the operational and functional sides of the world's largest, most complex and sophisticated diamond trading complex. We were provided access to the vaults, transportation facilities, security offices, trading floors and other areas.


We viewed a variety of intelligent systems that had been especially designed and implemented for the benefit of the gemstone business. Much of what we learned will be incorporated into our facility in Panama City," said Mr. Henriquez stated.
 

Construction of the Phase II building will begin in 2015, with a finish date scheduled for the end of 2017.  It includes an iconic office tower, where the offices and trading floor of the Panama Diamond Exchange will be located in the low-rise base of the complex, along with a luxury commercial center, with banks, specialized support services, restaurants and shops, including high-end retail jewelry stores.


Offices in Phase II will be available for purchase, and companies leasing space in the Phase I building will be offered first choice on space in the Phase II structure.
    

The first phase building of the Panama Gem & Jewelry Center is scheduled to be ready by the end of this year, with up to 61 companies from Latin America and other trade centers worldwide scheduled to take up residence in the facility. It includes the administrative offices and 300 square-meter trading floor of the Panama Diamond Exchange, and will function as PDE's headquarters until the opening of the Phase II building. 
 

The $200 million-Panama Gem & Jewelry Center is the largest and most ambitious development project ever undertaken on behalf of the jewelry and gemstone trades in Latin America. Serving as a trading hub for both regional and international companies, the center will serve a market that today is worth $8 billion, and comprises 11,500 retail jewelry outlets located in 20 countries and 23 islands.
 

The entire complex will be located in the Vaguil Free Zone, which was established by an act of the Panamanian parliament for the benefit of the international gem and jewelry trade, and exempts transactions conducted within its area from payments of customs duties and taxes, and corporations registered in the Free Zone from paying company tax.
 

For more information, visit the Panama Diamond Exchange website at www.pde.com.pa.
 
 

Steven Benson - also photo

Permanent-URL: http://www.automobilsport.com/start-phase-2-panama-gem-jewelry-center-world-largest-diamond-complex---129694.html

06.11.2014 / MaP

More News

CIBJO President tells Zimbabwe Diamond Conference in Harare
06.11.2014
Africans should leverage natural resources into economic development,CIBJO President Gaetano Cavalieri addressing the Zimbabwe Diamond Conference in Harare.Noting the responsibilit more >>
WDC reaches out to African Diamond Producers Association
06.11.2014
...offers support in dealing with impact of Ebola crisis   The World Diamond Council (WDC) has made contact with the African Diamond Producers Association (ADPA), offering its support in dealing with the impact on the mining sector of the Ebola crisis in West Africa. ADPA is a union of African diamond mining countries, working more >>
E.G.L. Platinum Founding owners statement
29.09.2014
Menahem Sevdermish and Avi Meirom, the founding owners of the EGL Platinum laboratory, have issued the following statement in response to the RapNet and Polygon press releases, respectively distributed on September 9 and 15, 2014, regarding the delisting of EGL diamond certificates. EGL Platinum supports RapNet's and Polygon's intentions to sanction any laboratory that is more >>
World Diamond Mark Foundation and GJEPC to organize World Diamond Conference in Delhi, India
17.09.2014
'Future of Diamond and Diamond Jewellery Consumer Market'The World Diamond Mark Foundation (WDMF), in close cooperation with the Gem & Jewellery Export Promotion Council (GJEPC), India, will organize an international World Diamo more >>
Participants in sixth Antwerp Diamond Trade Fair get first-hand experience
16.09.2014
... of Antwerp's unequaled diamond power - February 1-3, 2015 Diamond buying jewellers visiting the Antwerp Diamond Trade Fair (ADTF) will get a genuine taste of the unequaled variety of diamonds that the Antwerp diamond market h more >>
First Sustainable Pearls Forum Talks in Hong Kong
12.09.2014
Leading Pearl Producers and Conservation Practitioners Join Forces at First Sustainable Pearls Forum Talks in Hong Kong    The Sustainable Pearls Forum took place June 20th in Hong Kong, bringing pearl industry leaders around a tabl more >>
World Diamond and Jewellery Forum to be established
09.09.2014
...as all-industry strategy planning think tankEli Izhakoff to be Chairman, Gaetano Cavalieri to be President and Corrado Facco Managing Director of new independent body, announces Fiera di Vicenza President Matteo Marzotto. Forum will  anticipate future challenges and opportunities for industry, and formulate appropriate strategies.  more >>
Grib Diamonds NV to auction first production in Antwerp
25.08.2014
Spot Market auction to take place online, on September 23 Grib Diamonds NV, a 100% owned subsidiary of OAO LUKOIL, announced that on September 23, 2014, it will hold a first auction of rough more >>
"IDW unique opportunity to meet industry in single location"
19.08.2014
Exchange to bestow honorary membership on GIA President Photo caption:  Part of the trading hall of the  Israel Diamond Exchange (IDE) during the Spring edition of the International Diamond Week, April 2014"The International Dia more >>
Panama Diamond Exchange: Two Latin American industry leaders appointed directors
18.08.2014
The Panama Diamond Exchange's two new directors from Latin America (from left): Hecliton Santini Henriques, President of Instituto Brasileiro de Gemas e Metais Preciosos (IBGM) from Brazil, and Dr. Luciano Pataro, the founder and director of Gold America S.A. in more >>
Four key diamond and jewelry industry leaders join Board of Directors of Panama Diamond Exchange
06.08.2014
Four new PDE directors (clockwise, from top left): Roberto Coin, Maxim Shkadov, Reuven Kaufman, Shmuel Schnitzer.The Panama Diamond has announced that four key leaders of the int more >>
Panama Diamond Exchange President presents project in India and New York
22.07.2014
.... with two-thirds of offices in Phase 1 of gem & jewelry center already takenWith more than 40 of the 59 available offices in the Phase 1 building of the Panama Gem & Jewelry Center already accounted for, Erez Akerman, President of the Panama Diamond Exchange, is visiting the Indian cities of Mumbai and Surat, and then New York, where he is me more >>
Panama Diamond Exchange to host high-level seminar
18.07.2014
...addressing Anti-Money Laundering and Kimberley Process  The Panama Diamond Exchange will a host a seminar for representatives of the Government of Panama, members of the diplomatic more >>
CIBJO Congress 2015 to take place in Salvador, Brazil, May 4-6
04.07.2014
CIBJO, the World Jewellery Confederation, will hold its 2015 annual congress in Salvador, Brazil, May 4-6, 2015, with pre-congress meetings on May 2 and May 3. Salvador is the capital of the north-eastern Brazilian state of Bahia. The congress more >>
World Diamond Council reiterates warning about trading rough diamonds
30.06.2014
....from Central African Republic   The World Diamond Council has issued a warning that, despite the Administrative Decision of the Kimberley Process of May 23, 2013, which ordered the temporary suspension of trading in diamonds from the Central African Republic (CAR), production of diamonds in that country is continuing and there is evidence o more >>
36th World Diamond Congress concludes in Antwerp
19.06.2014
From left (standing): Eli Izhakoff, Honorary President of the WFDB; Stephane Fischler, president of the Antwerp World Diamond Centre (AWDC) and IDMA Treasurer; Edward Asscher, president of the World Diamond Council; Dieter Hahn, Honorary Tre more >>
Diamond manufacturing industry is fighting for its survival
16.06.2014
IDMA President Maxim Shkadov says  Manufacturers to discuss how to influence the supply pipeline processes"Diamond manufacturers worldwide are fighting for their survival. They are more >>
Aerodiam celebrates 25 years of service to international diamond, gem and jewelry industry
20.05.2014
Aerodiam, a leading marketer of management solutions for the international diamond, colored gemstone and jewelry industries, is celebrating its 25th anniversary of activity in the diamond industry and trade. more >>
World Diamond Council Board of Directors elects officers, Edward Asscher to serve as new WDC President
14.05.2014
Edward Asscher, newly elected President of the World Diamond Council.The Board of Directors of the World Diamond Council has elected a new President, Vice President and Treasurer of the o more >>
19 days to the opening of the 2014 CIBJO Congress in Moscow
30.04.2014
CIBJO releases Gemmological Commission Special Report,explores gem lab harmonisation and consistency   With fewer than three weeks to go to the opening of the 2014 CIBJO Congress in Moscow on May 19, 2014, the sixth of the CIBJO commissions' Specia more >>
40 days to the opening of the 2014 CIBJO Congress in Moscow
09.04.2014
CIBJO's Diamond Special Report focuses on synthetics, announces conference to examine challenge they pose industry  With fewer than six weeks to go to the opening of the 2014 CIBJO Congress in Moscow , the third of the CIBJO commissions' S more >>
54 days to the opening of the 2014 CIBJO Congress
26.03.2014
CIBJO releases Marketing & Education Special Report, announces initiative to measure environmental impact  With fewer than eight weeks to go to the opening of the 2014 CIBJO Congress in Moscow on May 19, 2014, the first of the CIBJO commissions' more >>
Roberto Coin guest of honor at US & International Diamond Week
26.03.2014
Buyers offered four free hotel nights during April 6-10 diamond festival Roberto Coin, the world-renowned Italian jewelry designer and manufacturer, will be a guest of honor during the April 6 to 10 US & International Diamond Week. Coin will tour the trading floor of the Israel Diamond Exchange (IDE), when more than more >>
World Diamond Mark signs MoU with DMCC
26.03.2014
 photo caption:  Gautam Sashittal (left), CEO, DMCC, and Alex Popov, Chairman, WDMThe World Diamond Mark (WDM) and the Dubai Multi Commodities Centre (DMCC), Dubai's and the region's global gateway for commodity trade more >>
Panama City celebrate the launch of the Panama Gem & Jewelry Center
20.03.2014
Panama's President, Government and world diamond and jewelry leadership celebrate launch of Latin America's first dedicated gem and jewelry trading centerPanama's President Ricardo Martinelli (third from left) at the PDE Gala Dinne more >>
Panama Gem & Jewelry Center launch event opens
18.03.2014
...with announcement of PDE's founding directors and members   The launch of the Panama Gem & Jewelry Center, taking place in Panama City March 17 and 18, has opened with the announcement by the Panama Diamond Exchange of it more >>
CIBJO President meets with Governor of Brazilian State of Bahia
03.03.2014
....presents plans to hold 2015 CIBJO Congress in Salvador    Following the meeting at the Governor of Bahia's headquarters (from left): Hécliton Santini Henriques, President of Instituto Brasileiro de Gemas e Metais Preciosos more >>
PANAMA DIAMOND EXCHANGE: IDMA Honorary President and heads of Moscow bourse and IDCA to participate at launch
03.03.2014
PANAMA DIAMOND EXCHANGE launch of Panama Gem & Jewelry Center on March 17 and 18More senior industry leaders have confirmed that they will attend the launch of the Panama Gem & Jewelry Cen more >>
Tzoffey's procures another huge diamond for its tender in March...
27.02.2014
...  thought to be the largest rough diamond ever offered for sale in Israel A rough stone of almost 1,000 carats to be tendered in Israel more >>
Diamond Controller key factor in success of Israel's diamond industry
27.02.2014
Controller to play crucial role in getting goods on the floor in time for April eventShmuel Mordechai, Israel's Diamond Controller and Manager of the Diamonds, Precious Stones and Jewelry Administration in the Ministry of Economics, said his office will give all possible assistance to Israeli diamantaires participating in April's US & International Diamond more >>
WDMF signs MoU with HRD Antwerp NV
27.02.2014
Parties agree on cooperation in retail diamond sales trainingphoto caption:    Serge Couvreur (left)  and Alex PopovThe World Diamond Mark® Foundation (WDMF) signed an Memorandum of Understanding (MoU) with HRD more >>
De Beers Auction Sales to showcase high value stones
26.02.2014
... during International Rough Diamond Week in Israel in March    De Beers Auction Sales will be participating in the International Rough Diamond Week (IRDW) to be held March 9-13 at the Israel Diamond Exchange. The company, prev more >>
Tzoffey's 1818 adds a 600+-carat rough diamond to its tender
25.02.2014
photo caption:  The mystery of this 600+ carat rough diamond- the stone consists of numerous, intertwined diamond crystals - will ultimately be unlocked by a rough diamond expert and cutter. more >>
PANAMA DIAMOND EXCHANGE: Two of world's largest diamond companies to participate
25.02.2014
Two of world's largest diamond manufacturing and trading companies to participate at Panama Gem & Jewelry Center launch event Representatives of two of the world's five largest diamond ma more >>
Affordable goods and top rated service will be a given during April's US & international Diamond Week
24.02.2014
Buyers who arrive in Israel to participate in the April 6 to 10 US & International Diamond Week will meet hundreds of Israeli diamantaires who will be exhibiting their goods on the Israel Diamond Exchange (IDE) trading floor. What goods will they find and more >>
Registration for CIBJO Congress Moscow 2014 now open
20.02.2014
....via just-launched dedicated congress website    Registration for the 2014 congress of CIBJO, the World Jewelry Confederation, is now open. Delegates and other participants may register for the congress and its social programme, as w more >>
Panama Diamond Exchange: IDMA president and CEO of IGI confirm attendance
20.02.2014
...at Panama launch event World diamond manufacturing head and IGI chief executive confirm attendance at Panama Gem & Jewelry Center launch event Registration for the launch of the Panama Gem & Jewelry Cen more >>
Diamond Services identifies 0.138 ct Type IaAB stone as synthetic
17.02.2014
....employing the newly developed DiamaTest device  photo caption:  The typical, square growth lines of a synthetic diamond were observed in a DiamondView test in this 0.14 carat Type IaAB synthetic diamond more >>
Israel Diamond Exchange launches own diamond tender facility
06.02.2014
First IDE tender to be held during International Rough Diamond Week  The Israel Diamond Exchange (IDE) will be holding its very own rough diamond tender during the International Rough Diamond Week (IRDW) that will be held March 9 to 13, 2014. more >>
2001-2020 copyright automobilsport.com