On the eve of the construction of the second phase of the Panama Gem & Jewelry Center in 2015, the project director and leading architects visited the world's largest diamond complex - the Israeli Diamond Exchange - and studied security, logistics and similar to systems that are currently being developed for the center in the capital of Panama.
"Our main goal was to understand and evaluate the operational and functional aspects of the world's largest and most complex diamond trade complex," said Juan Manuel Henriquez, lead developer of the Panamanian center.
"We were given access to storage facilities, transport facilities, security facilities, trading halls and other premises.We examined various intellectual systems that were specially designed and implemented for the business of gemstones.Many of what we learned in Israel , will be used to create our center in Panama, "Henriquez said.
During the visit, the Panamanian delegation met with the leaders and managers of the Israeli Diamond Exchange, as well as representatives of companies providing services in the areas of security, logistics, insurance, banking services, as well as with employees of leading diamond companies.
Construction of the second phase of the Panamanian center will begin in 2015, and its completion is scheduled for the end of 2017. The first phase of the project will be ready at the end of this year. Its offices will be occupied by more than 60 companies from Latin America and other countries.
Supervised by the Panama Diamond Exchange (PDE), the project to establish the Panamanian Center for Precious Stones and Jewelry worth $ 200 million 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.