06 Jul 2020
DiamondWorld Directory
Home |
News
Home
29th HK International Jewellery Show surpasses expectations
Far East Asian buyers were good in number
By: Diamond World News Service
|
Feb 23 2012 12:49PM
|
Reference: 6750  

DecreaseIncrease
The 29th HKTDC Hong Kong International Jewellery Show, which began with moderate optimism, also continued and concluded with the positivity it began with. Exhibitors expressed that results were better than expected. It can be said that this show has added the much needed positivity which was missing in the first few trade shows that unfolded in the beginning of the year including IIJS Signature, Vicenza and Tucson.

Asian buyers dominated the business scene at the show, with Indian and Chinese buyer activity being good in the certified goods category. With the Chinese New Year having just got over, the Chinese buyers are optimistic of good business this year. Very few American and European buyers were seen in the show. Intra-trade buying was good at the show.

The diamond category of 3ct+ was bit slow. Also, fancy shapes like pears, marquise and heart shapes were very strong and diamantaires opined that prices in these categories should go up. Diamonds should gain some momentum as the positive news would spread among the manufacturing and trading centers. The colored stone category saw moderate results. There was a price fall in tanzanite. Also the issue of raisin treatment in Zambian emeralds kept buyers skeptical. The jewellery segment too received moderate results, barring the category of designer and high-end jewellery which received good interest.

Speaking to DiamondWorld, David Shah, Aspire Designs Ltd said that they “have received orders from China, Middle East, India and even European countries. Their new collection 'Vida' received good response. This show is a good start for the year”. Nissim Palomo CMO, Israel Diamond Institute also mentioned that the exhibitors in the Israel pavilion were happy as they came with low expectations but the show has turned out well.

But some exhibitors gave moderate reactions. One diamantaire mentioned that uncertainty looms over business, as the show preceded with low expectations and anticipation of prices falling, but the event turned out good and prices were also stable.

All in all the overall economic slowdown and currency fluctuations in the last three months had taken their roll on the trading mood, and the HK Show has certainly brought some relief to this.

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
 
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2020
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
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: 26657
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 308
GJEPC Chairman Interview
Views: 23861
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 30872
Promo for IJ Awards 2012 at NDTV Profit
Views: 45121
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 57365
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18254
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 43727
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 41988
Advertisement
GIA_2020
Advertisement
Kosher 250300
Member of:
Supporter of: