- President's Message
Panama’s President, Government and world diamond and jewelry leadership celebrate launch of Latin America’s first dedicated gem and jewelry trading center
Ricardo Martinelli, President of the Republic of Panama, senior ministers and officials in the country’s government, the leadership of the world diamond and jewelry industry, and 200 members of the trade from Latin America and internationally have gathered together in Panama City to celebrate the launch of the Panama Gem & Jewelry Center, which will be the first designated trading center for the diamond, colored gemstone and jewelry trades in a region that includes South and Central America, Mexico and the Caribbean.
At its center will be the Panama Diamond Exchange.
Open letter regarding over grading certification
The diamond industry is facing a serious challenge to its integrity which could lead to major consumer confidence problems, if diamonds are sold with overstated certification. I want to stress that this is an industry problem that must be resolved by the industry in order to retain consumer confidence in our product and sustain and develop the international diamond trade.
Recently, awareness was raised regarding problems existing within a specific laboratory group and the overstating of grading from certain laboratories in this group, which has led to the exclusion of said laboratories certificates by the Rapaport Group.