5-3-2019
The Hong Kong International Diamond, Gem & Pearl Show and Hong Kong International Jewellery Fair hosted by the Hong Kong Trade Development Council (HKTDC), brought together over 4,600 exhibitors and more than 90,000 exhibitors from over 141 countries and regions (the former is about 35,000 exhibitors and the latter is about 55,000 exhibitors). The volume increased by 4 percent yoy. Benjamin Chau, deputy executive director of the HKTDC said: “Many emerging markets such as Mainland China, the Philippines, Singapore, Malaysia and Indonesia have achieved satisfactory growth in attendance.”
The HKTDC commissioned an independent on-site survey that interviewed 1,347 exhibitors and buyers, 61 percent of respondents expect sales performance to remain unchanged in 2019. Despite 47 percent expect production or sourcing costs to rise, 68 percent of them believe that the price will remain the same, with only one-quarter of respondents expect an increasing price. More than half of the respondents believe that mainland China is the most promising market for growth in the next two years, while Hong Kong and Western Europe for mature markets.
71 percent respondents are optimistic towards fashion jewellery, followed by designer jewellery. In terms of price, 63 percent of respondents expect jewellery with a retail price from US$501 to US$1,000 to be the most popular, followed by retail price from US$1,001 to US$5,000. High-end jewellery performance was satisfying. Terence Wu, Foo Hang Jewellery’s head of purchasing & marketing said: “We already sold more than HK$1 million worth of jewellery on the first day of the show.”
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