Edi Faltz, the newly appointed Vice President of the World Jewelry & Diamond Hub, Panama.

The World Jewelry & Diamond Hub, Panama, Latin America’s first and only diamond exchange, has announced the appointment of Edi Faltz as Executive Vice President. He replaces Joseph Kuzi, who is stepping down after two years in office.

Mr. Faltz also serves as Chairman of the Membership and Banking Committees of the World Jewelry & Diamond Hub, Panama. A veteran diamantaire, he is the owner and CEO of both DBO (Diamond Buying Office) and the Faltz Diamond & Jewelry Group in Ramat Gan, Israel, and has served as an external advisor to Credit Suisse Bank and UBS Bank. He also has been involved in the creation of new technologies for the diamond and jewelry industries, heading the development of a 360-degree photographic system, resulting in high-definition images and videos of diamonds and jewelry, which can be seen from all angles, and he founded a pension fund platform specifically for the diamond industry.

“We are indeed fortunate to have a person with Edi’s wealth of knowledge and experience join our senior management team,” said Mahesh Khemlani, President of the World Jewelry & Diamond Hub, Panama. “Not only are we gaining an individual with an intimate understanding of the worlds of diamond, jewelry and finance, but also one that has been committed   to the establishment of the World Jewelry Hub in Panama, investing time, effort and personal capital in its development.”

Mr. Khemlani paid tribute to the outgoing Executive Vice President. “Joseph Kuzi made an immense contribution, helping put together the basic elements of a diamond exchange and a trading center in a region where none had before existed. He helped transform a vision into reality, and for that we are all beneficiaries. We wish him the very best of luck and good fortune.”