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JCK Las Vegas-2010 : Synonym of Fresh Hope for Diamond Industry
Participants have been reported to have achieved a 5 per cent increase in business compared to the last show.
By: Diamond World News Service
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Jul 1 2010 4:05PM
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Reference: 5086  

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RMC Stall at JCK 2010
RMC Stall at JCK 2010
After the dullness of the last couple of years of the US jewellery marketplace, the JCK Las Vegas Show-2010, which the gem and jewellery industry worldwide was looking forward to eagerly, delivered glimmers of fresh hope and with it, optimism has permeated the diamond industry.

The JCK Las Vegas Show, which has by now burgeoned into a bouquet of events covering the entire spectrum of the jewellery market, is the fair to get a barometer reading of the industry and feel its pulse, specially for the US marketplace, which despite all the turmoil remains the largest in terms of sheer size.

With the participation of over 2,500 exhibitors, the Show authorities reported a 20 per cent increase in buyer attendance across the various events, including Luxury by JCK, Swiss Watch by JCK and JCK Las Vegas.

Participants have been reported to have achieved a 5 per cent increase in business compared to the last show.

Committed to JCK-11 Too :

“This has excited suppliers and industry associations who have already committed their support and business for JCK 2011 and its new home at the Mandalay Bay complex,” announced the organizers of the show.

Apart from the regular 20,000 retailers who usually attend JCK, “over 600 VIP retailer stores were on the show floor” the organizers stated. “International participation increased by 23 per cent with the largest concentration from India, Russia, Canada, UK, Mexico, and South America.”

This year saw buying delegations from Russia, China, Dubai and India. As these emerging economies represent the future power centres of the jewellery market, this was good reason for cheer, as much as their commitment to attending next years event in stronger numbers.

The Luxury and Antique Shows, held prior to the JCK Las Vegas, did well and set the mood. The Luxury Show saw more companies participating, with an emphasis on design. Retailers responded enthusiastically as it offered unique products, and the chance to differentiate themselves from the competition.

“We have both domestic and international retail partners from around the world," said Charlie Rosario, Lazare Kaplan. "We find that JCK and LUXURY give us an opportunity to meet with so many of our existing customers, but more importantly, find new partners to fuel our growth."

Swiss Watch by JCK offered a line-up of fine watch brands including Bedat & Co., Bulgari, Carl Bucherer, Chopard, Harry Winston, Hermes, Raymond Weil, Tag Heuer and Versace. No wonder buying was brisk on the show floor.

Quality Buyers :

“The show has been good for us,” commented Milan Parikh of Mahendra Brothers, India. “The traffic was less but there were quality buyers. Retailers have a positive outlook and are looking forward for a better season this year.” Parikh said that generally a price range from US$ 500 to US$ 2500 was moving fast. “Design is a key in jewellery,” he emphasized “as every retailer is looking for something different to attract his buyer.”

India, Far-East Strong :

Abrahm Fluk of YDI LTD, Israel, a company which mainly deals in one pointers to 2ct. round diamonds with special assortment, felt that they did well at the show. “The US market looks much more confident but not on the same levels as below,” commented Fluk. “I think India and the Far East are strong markets and they have compensated somewhat for the loss of business in the US.” He felt, however, that the prices of rough diamonds were “getting crazy” and that people were paying too much which seemed impractical to him. “Polished prices have to go up in near future if markets remain good,” Fluk said. The company also works with the watch industry. “They are picking up, but slowly,” was his comment.

Commenting on the trends at the Show, one of the buyers, Helain Pesis, Continental Diamonds, St. Louis Park, MN, said "Mixed metals are very popular, as the price of gold is extremely high, but what is successful for us is purchasing merchandise that is affordable and interesting." She added that "Stacked rings and bracelets are very popular along with big cuffs . . . real statement pieces are key right now. I've been buying black metals for the past five years and the popularity has increased, JCK carries many different and interesting designers in this category and JCK is the place to see it all!"

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