The $200 million World Jewelry Hub is the largest and most ambitious development project ever undertaken on behalf of the jewelry and gemstone trades in Latin America. It also has been declared a Free Trade Zone by the Panamanian government, where goods that are imported, traded and exported without entering the local market are exempt from all duties, and resident companies are exempt from paying taxes on profits earned from re-exportation.
Designed by Ignacio Mallol, one of Latin America’s most celebrated architects, the World Jewelry Hub is a project of Grupo Verde Azul, one of Panama’s largest property development and management companies. It will include an iconic office tower with spectacular views of both the Pacific Ocean and the mountain ranges that rise above Panama City.
The complex will be located in the prestigious Santa Maria Business District midway between Panama City center and Tocumen International Airport.
The offices and trading floor of the World Jewelry & Diamond Hub, Panama, Latin America’s first recognized diamond and gemstone exchange, will be located in the low-rise base of the complex, along with a luxury commercial center, with banks, specialized support services, restaurants and shops, including high-end retail jewelry stores.
The center is being constructed to meet the professional specifications of the jewelry and gemstone industries. Special attention is being paid to the security requirements, as well as to light conditions in the offices and recreational areas.
The structure and location of the World Jewelry Hub will ensure that its residents and visitors will have easy access to the business and entertainment facilities of Panama City and a rapid connection to all of Latin America and the world.
The project will developed in two phases: the first which involves a structure that houses the World Jewelry & Diamond Hub, Panama, and provides office space for companies, opened at the beginning of 2015. The second phase involves construction of the multi-story office building.