Panama's World Jewelry Hub has carried out the first export of finished jewelry manufactured in the WJH Free Zone. The transaction was managed under the center’s expanded free-zone license, which now allows manufacturing facilities within its jurisdiction. “This was a small export, but a giant step for the World Jewelry Hub,” said Mahesh Khemlani, President of the World Jewelry and Diamond Hub, Panama, which recently changed its name from the Panama Diamond Exchange.
The Panama Diamond Exchange, Latin America’s first diamond bourse, will from now on be known as the “World Jewelry & Diamond Hub, Panama.” The move was approved by the General Assembly of the World Federation of Diamond Bourses, during the 37th World Diamond Congress. The change was announced by the Panamanian bourse’s president, Mahesh Khemlani. “While the trade in diamonds is a principal component of the activity at our bourse, it is certainly not the only one,” he explained.
Mahesh C. Khemlani has been installed as the new President of the Panama Diamond Exchange (PDE) in an inauguration ceremony conducted on the PDE trading floor. The ceremony, which was held in the presence of diamond exchange members and invited guests, also featured the installation of Ali Pastorini as Senior Vice President. The event was attended by representatives of Panama’s government and diplomatic community.