GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

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13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

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30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

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23 august 2021

IBGM to Open Office in Panama Gem & Jewelry Center

14 august 2014

Brazil's leading jewelry industry association, Instituto Brasileiro de Gemas e Metais Preciosos (IBGM), will be taking up residence in the Phase 1 building of the Panama Gem & Jewelry Center when it opens later this year. The announcement follows the signing of a Memorandum of Understanding between the Panama Diamond Exchange and IBGM in Sao Paulo during the Feninjer Jewellery Show, according to which South America's largest national jewelry market will come to play a key role in the Latin American diamond, colored stone and jewelry center under development in Panama City.
The MOU was signed by Hécliton Santini Henriques, President of IBGM, and Dirk Blommaert, PDE's Director of Business Development. According to the agreement PDE will provide a range of benefits to the association and its members in Panama, and IBGM will take an active role in promoting PDE and the Panama Gem & Jewelry Center in Brazil, to both members of the local industry and the Brazilian government.
"It is impossible to understate the importance of this agreement," said Eli Izhakoff, Founding Chairman of the Panama Diamond Exchange. "Brazil is home to a jewelry industry and market that not only is critical to the Latin American trade, but to the world industry in general. IBGM's entry into the Panama Gem & Jewelry Center is nothing short of a milestone."
"We are delighted to be part of the project, which we are confident the raise the profile of Brazil and the jewelry trade in all of Latin America," said Mr. Henriques. "We are region that is poised for interesting growth, with fast developing economies, and our industries and consumers are catching the attention of the world. The development of a gemstone and jewelry business infrastructure in Panama that will serve the growth of the entire region is something that we support enthusiastically."
Representing Brazil's 23 state jewelry associations and the country's leading jewelry and gemstone companies, IBGM encompasses the full chain of distribution, including both industry and trade. Producing about one third of the colored gemstones mined each year, Brazil is also the world's 12th largest gold producer and is a diamond producer, as well as being home to a flourishing jewelry design and manufacturing sector and one of the world's most exciting and promising jewelry markets.
The $200 million Panama Gem & Jewelry Center is the largest and most ambitious development project ever undertaken on behalf of the jewelry and gemstone trades in Latin America. Serving as a trading hub for both regional and international companies, the center will serve a market that today is worth $8 billion, and comprises 11,500 retail jewelry outlets located in 20 countries and 23 islands.

Olga Patseva, Editor in Chief of the American Bureau, Rough&Polished