President of the International Diamond Manufacturers' Association (IDMA) Maxim Shkadov, world-famous Italian designer and jewelry manufacturer Roberto Coin, President of the Israeli Diamond Exchange (IDE) Shmuel Schnitzer and President of the Diamond Dealers Club of New York (DDC) Reuven Kaufman (Reuven Kaufman) joined the board of directors of the Panama Diamond Exchange (Panama Diamond Exchange), the organization's press service reported.
"We are pleased to welcome a number of people of this scale with impressive experience and business acumen in the board of directors of the Panama Diamond Exchange. We are confident that they will make a significant contribution to the positioning of Panama as the main center of jewelry trade in Latin America, "said PDI's founding chairman, Eli Izhakoff. "They will not only share the wealth of knowledge about international diamond and jewelry markets, but their very participation in the mission of our stock exchange carries an important message to the whole world."
Four new directors will join the other industry leaders participating in the board of directors of the exchange. Among them are President of the World Federation of Diamond Exchanges (WFDB) Ernest Blom, President of the World Jewelery Confederation (CIBJO) Gaetano Cavalieri and former President of the World Diamond Council (WDC), WFDB and IDE Honorary President Avi Paz Avi Paz).
The PDE-led project to create a $ 200 million Panama Gem & Jewelry Center (Panama Gem & Jewelry Center) is the largest and most ambitious initiative ever undertaken in the interests of Latin American jewelry trade. The center will serve as a trading platform for local and international companies on the market, which today is estimated at $ 8 billion and has 11,500 retail outlets in 20 countries and 23 islands.