The Panama Diamond Exchange (the 29th of this field in the world) opens under the best auspices, with the perspective of increasing the sale of the jewels in Latin America for about 14% by the end of the decade. A turnover that would amount, estimated at more than $ 9 billion, according to a statement by Judy Meana, vice president of Panama Diamond Exchange (Pde), the first diamonds and precious stones trading place of the South American continent, located into a hub, the Panama Gem and Jewellery Center, which in the future may contain up to 11 thousand jewelry stores.
«The Latin American is a developing market, the figures are very encouraging and it is a sector that will bloom thanks to the fact that the jewelers of the region will have access to a large number and a wide range diamonds, precious stones, semi -preziose, gold, pearls and finished products», explained Meana to the Canadian daily newspaper La Presse. Good news also for the Italian jewelery system, consider that Fiera di Vicenza has signed a collaboration agreement with Pde (https://gioiellis.com/un-canale-panama-per-fiera-vicenza/). But in reality there are those who fear a downside: in fact, as pointed out by the manager, one of the advantages of the center is that buyers no longer have to travel around the world, for example the United States and Europe to find what they need. Then it will no longer be in a position to pay a premium price for something that is second hand. Not only that, the transaction will be tax-free, because the stock market has the status of a free zone. However, the Pde is expected to generate 3,000 direct jobs and 10,000 in related sectors and it will represent 3% of the gross domestic product of the country. And immediately the stockbrokers will be competitive with the Brazilian and Mexican colleagues. Federico Graglia
