At a time when diamond dealers are eyeing Dubai, China, and India as the new growth markets for the diamond market, Panama is slowly emerging as the industry underdog and as a gateway to the largely untapped Latin American region. “There are tremendous opportunities in the region,” Erez Akerman, president of the Panama Diamond Exchange (PDE) said at a meeting with the trade press in Tel Aviv Wednesday. “When you consider there are 650 million people in Central and Latin America, with a rising wealth and middle class, you see it is a bigger consumer market than the United States and Europe combined.”

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