25 Sep 2022
DiamondWorld Directory
Home |
Cooperation letters signed between Panyu Government and IDI
The two sides are working at creating healthier business ties
By: Diamond World News Service
Nov 11 2009 7:25PM
Reference: 4361  


Official letters of cooperation were recently exchanged between Israeli Diamond Industry - represented by Israel Diamond Institute (IDI), the Israel Diamond Exchange (IDE) and the Israel Diamond Manufacturers Association (IsDMA) and the Panyu People’s Government, during a meeting of a senior delegation from Panyu to the Israeli Diamond Industry. The letters propose joint efforts to foster healthy working relations between both ends and accomplish projects of mutual interest.

Representing the Israeli cooperation, the signatures included those of Mr. Avi Paz, IDE President and Mr. Moti Ganz, IsDMA President and IDI Chairman, while those on behalf of the Panyu government included Mr. Tan Ying Hua, Chief Party Secretary of Panyu PCC and Chief Director of the Panyu People’s Congress, who led the delegation, as well as Mr. Li Wei-tang, Deputy Chief of the Panyu District and the de facto mayor of Panyu. The delegation also included high ranking officials from Panyu, as well as Mr. Johnny Chang, representing the Worldmart Jewelry & Gems Emporium, an international trading platform supported by the Chinese government.

During a meeting both sides presented the advantages of doing business with their respective centers. The delegation introduced Panyu as the leading center in China for diamond and jewellery manufacture and trade and stressed on important advantages for Israeli diamond companies to manufacture and trade in Panyu, including close proximity to Hong Kong, the low cost, high quality labor and an efficient and open approach to doing business with foreigners. The Chinese domestic market consumption of diamonds and diamond jewellery and the growth within was also elaborated.

Mr. Moti Ganz noted that Panyu is well-known for its diamond manufacturing facilities and that some Israelis have already begun to manufacture there. Mr. Avi Paz said that the agreement will open the doors between the Israeli Diamond Industry and Panyu.

Earlier, the Chinese delegation presented Worldmart, an international trading platform which will enable Israeli diamantaires to trade with the Chinese diamond market through Panyu, rather than exclusively through the Shanghai Diamond Exchange. The new platform also works together with Brinks bonded warehouse to facilitate trade between Israeli diamond companies and the Chinese diamond and jewelry market.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31462
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8853
GJEPC Chairman Interview
Views: 27635
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38602
Promo for IJ Awards 2012 at NDTV Profit
Views: 56425
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67908
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21477
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50367
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 52197
Member of:
Supporter of: