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.
The company 'Panama Diamond Exchange' expects to start operations next year, investing $300 million.
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.
Panama is building Latin America's first diamond exchange expected to be recognized by the World Federation of Diamond Bourses.
Strategically located at the middle of the two Americas, Panama plans to build a 50 floor building to host a diamond market.
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