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Hong Kong Jewellery Show Reflects Selective Diamond Buying Amid Global Uncertainty

Selective diamond buying, strong demand for larger stones and coloured gemstones, and a shift towards Indian and Southeast Asian buyers defined the Hong Kong International Jewellery Show 2026, reports Arpit Kala.

Arpit Kala

The Hong Kong International Jewellery Show 2026, held from 2–7 March 2026 across AsiaWorld‑Expo (AWE) and the Hong Kong Convention and Exhibition Centre (CEC), unfolded against a backdrop of cautious global sentiment.

Escalating geopolitical tensions just days before the event, combined with Ramadan impacting Middle Eastern travel, meant expectations among exhibitors were relatively low even before the show began.

While the show historically attracts tens of thousands of global buyers and thousands of exhibitors from across the world, attendance this year reflected a clear regional shift.

Southeast Asian and Indian Buyers Dominate

American and European buyers were present in smaller numbers, while Southeast Asian and Indian retailers formed the bulk of active buyers on the show floor.

Chinese buying — once a defining pillar of the Hong Kong jewellery fairs — continues to remain significantly lower compared to pre-pandemic levels.

Loose Diamonds Slow, Large Stones in Demand

The loose diamond section experienced average to slow activity, with buyers remaining selective.

However, larger stones continued to draw strong attention, particularly diamonds above 5 carats in D–G colour and IF–VVS clarity, often viewed as investment-grade diamonds.

“Markets are generally slow, but larger diamonds — especially in the 3–5 carat range and above — are moving well.”
Ankit Shah of Ankit Gems

Another noticeable shift this year was the reduced scale of the loose diamond pavilion, which appeared roughly 25–30% smaller compared to previous editions. Several Indian diamantaires who had earlier exhibited in the premium Hall of Extraordinary chose not to participate this year.

Gemstones See Strong Demand

In contrast, coloured gemstones emerged as one of the strongest performing categories at the fair.

Exhibitors reported steady footfall and strong inquiries from jewellery manufacturers.

“The Hong Kong show has been quite good for us with strong and serious inquiries. It’s encouraging to see how gemstones are becoming a preferred choice for jewellery manufacturers.”
Nirmal Baridya of RMC Gems

Pearls Also Remain Active

The pearl segment remained busy, with consistent interest from buyers exploring both classic and contemporary jewellery lines.

Market Sentiment Remains Mixed

While business was selective, exhibitors emphasised that the buyers who attended were largely serious trade buyers.

“We have received decent business and have no complaints. The buyers who are here are serious and they are buying.”
Vipul Sutaria of Dharmanandan Diamonds

However, geopolitical tensions may impact demand in the coming months.

“Due to the war, the next three to four months may be slow. A lot of jewellery is bought for Middle East markets, which could temporarily go quiet.”
Saurabh from Pace Gems

At the same time, some exhibitors felt the buyers attending the Hong Kong shows were largely insulated from global conflicts.

“This part of the world is not impacted much by wars happening elsewhere. Most buyers here are Southeast Asian, and they are serious buyers.”
Bela Badhalia of Rare Gems

A More Selective Market

Overall, the Hong Kong Jewellery Show 2026 reflected a more disciplined and selective global jewellery market, where serious buyers continued to transact despite global uncertainties.

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