Friday, October 2, 2009

Hong Kong Show says diamond demand has not dwindled

Hong Kong Show says diamond demand has not dwindled

The September Hong Kong Jewellery & Gems Show received an overall response that was not too disappointing. It happened that loose stone exhibitors were satisfied with the results, semi precious stones and precious stones like emerald and sapphires received average response. Diamonds of 0.50 pointers to 3carats were in fairly good demand, but the bigger size and top quality diamonds were low in demand, despite price being soft by the end of the show. The Show was a novel experience much more for its dual venue and separate exhibition timing according to the product categories. It kicked off with the loose gems and diamond category exhibition, at the AWE and culminated with the jewellery exhibition at the Convention Centre.

The intra-exhibitor trading segment felt the pinch of venue separation at the show. Business for jewellery at the Convention Centre turned out average, although footfalls were much less when compared to the previous September Hong Kong Jewellery & Gems Shows. There was a lot of hope and excitement built with the biggest participations. While the Antwerp Pavillion and IDI, at AWE were strategically located, the Indian Pavillion both at the AWE and Convention did not get good visibility. Infact, India is amongst those Asian markets considered strong to boost the gem and jewellery trade, so the inappropriate location did dampen moods of the exhibitors. Overall the show has been one of an average response, but thankfully diamonds have continued to shine.

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