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Hong Kong Jewellery Show ends on a positive note
Over 50% loose diamond buyers were Indians
By: Diamond World News Service
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Sep 29 2007 12:00AM
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Reference: 901  

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The Hong Kong Jewellery Show held recently, seemed a worthwhile investment for its participants. The show was divided into two venues at the HK Conventional Exhibition Centre and at the Asia World Expo, where both buyers and sellers capitalised on the opportunity. Business recorded at the HKCEC was upbeat, and concluded satisfactorily throughout the length of the show. Although the show opened well at the AKE centre during the first two days, it lagged later in the show.

At the show, an exclusive diamond pavilion was created at the Expo Drive, to facilitate diamond dealings. Amongst the products that received an enthusiastic response were the 2+ carat diamonds, with more than 50% buyers of 2+ct loose stones being Indians. The high number of Indian buyers can be attributed to the removal of the import duty on loose diamonds, a boon for the Indian industry.

The coloured stones too made their mark with emerald in high demand, and sapphires valued at sky rocket prices. Most of the traders were apparently confused about new US policy involved for selling Topaz in US. The jewellery display was empahsised with a Grand Pavillion exhibiting some worthy collections of fine jewellery. High-end jewellery too proved an attraction for the buyers.

Another key highlight at the show was the launch of Tanzanite One and IGI’s Tanzanite Grading Services, along with Signity launching its Gem Vision 2008. The Israel pavilion remained almost closed after the first two days due to a Jewish festival held during the time of the show.

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