Diamond Exchange set up in Panama

Panama will host the first diamond exchange in Latin America which will be installed on October 24.

Tuesday, October 21, 2008

Authorized by the World Federation of Diamond Bourses, The Panama Diamond Exchange (PDE) will become the business framework for jewelers in the region and will develop a regulated system for trading diamonds, precious stones and other jewels.

More on this topic

Diamond Distributor Sets Up Shop in Panama

October 2009

The company 'Panama Diamond Exchange' expects to start operations next year, investing $300 million.

It will be Latin America's first diamond distributor, and will employ several hundred people in its offices in the "Costa del Este" area in the Capital City, informed Roberto Henríquez, Commerce Minister.

Panama's Diamond Exchange

August 2013

After an investment of more than $138 million an announcement has been given for the start of operations on the Vaguil SA Free Zone, in May 2014.

Capital.com.pa reports: "The diamond exchange which aims to turn Panama into a regional center for trade and logistics serving the global community in the exchange of diamonds, gemstones, pearls and other precious items is set to become a reality ...

Panama to open up Latin American diamond market

August 2008

Panama is building Latin America's first diamond exchange expected to be recognized by the World Federation of Diamond Bourses.

"Latin America is the last frontier," said Erez Akerman, who heads the Panama Diamond Exchange, the group behind the project. "We are looking at four main markets: Brazil, Mexico, Argentina and Chile," he told Reuters in the exchange's temporary offices in one of Panama City's upscale districts.

Diamond trade makes come back in Latin America

September 2008

Strategically located at the middle of the two Americas, Panama plans to build a 50 floor building to host a diamond market.

The building will also have a gemmology institute, laboratories, cutting and polishing workshops, and a trading hall.

The Panama Diamond Market hopes to attract 300 agents or brokers, with emphasis on Argentina, Brazil, Chile and Mexico.

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