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Israeli exhibitors leave Hong Kong Show feeling optimistic
Yoram Dvash notes the show was marked by very good traffic
By: Diamond World News Service
Sep 21 2016 3:21PM
Reference: 13443  

The experience of Israeli exhibitors at the recently concluded September Hong Kong Jewellery & Gem Fair has left them optimistic. Israel Diamond Exchange (IDE) President Yoram Dvash said, “In contrast to the last several years, this year’s show was marked by very good traffic. Buyers came in large numbers, and in addition to buyers from India, who come every year, there were many buyers from other East-Asian countries.”

Dvash said, that although expectations had been moderate due to the economic challenges facing Asian markets, the traffic on the first and second days was strong and centered on diamonds. “Sales were reasonable, if not in perfect congruence with the great number of buyers who attended, but all in all, we are feeling very optimistic.”

The Israel Diamond Pavilion, organized by the Israel Diamond Institute Group of Companies (IDI), was one of the largest national exhibitors at the Show with 84 companies participating and 15 additional Israeli companies exhibiting at different locations throughout the show.

Dvash firther noted that, “buyers at the show were regaining trust in the market.” He noted buyer interest in merchandise to be an excellent sign for the future. “The stability in polished prices in recent months has contributed to the trust by jewelers and manufacturers, and we are hopeful that buyers will stock plenty of merchandise ahead of the holiday season,” he added.

Dvash met with global diamond leaders to discuss issues facing the industry including – a talk with WFDB President Ernie Blum about ways to improve credit conditions for the diamond industry, and finding additional financing sources and increasing bank credit to diamantaires. Dvash also met with Alrosa President Andrey Zharkov and Alrosa VP Andrei Polyakov to discuss the impact of synthetics on the natural diamond market.

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