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Will Las Vegas Overtake New York as the #1 Diamond Center In the United States?
Sure looks like a definite possibility from our perch.
We brought to your attention a few months ago the very ambitious Las Vegas Diamond & Jewelry Center Project spearheaded by Bill Boyajian. The link is here: Las Vegas Jewelry Center
We also commented at New York Real Estate Developer Gary Barnett's difficulties in building a state-of-the-art Diamond/Jewelry facility here in the 47th Diamond District. The link is here:
New York Diamonds
Now comes the announcement that World Jewelry Center (WJC) Managing Director Bill Boyajian has received a favorable response and several signed letters of intent for space in the WJC office tower after a recent visit to Israel to explain the project to members of the Israeli jewelry industry.
Boyajian discussed with Israeli diamantaires and other jewelry business leaders the many benefits of doing business in the WJC, including the anticipated Foreign Trade Zone, which allows for goods to enter Las Vegas duty-free and remain that way until sold. Other advantages for business owners include Nevada's business-friendly environment and favorable tax laws, the more than 40 million consumers who visit Las Vegas annually, and the city's state-of-the-art communications and transportation systems.
Wake up NEW YORK!
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