The just-concluded fourth Hong Kong International Diamond, Gem & Pearl Show and the 34th Hong Kong International Jewellery Show organized by the Hong Kong Trade Development Council (TDC) attracted over 85,000 buyers from 144 countries and regions, a six-percent up over last year. TDC deputy executive director Benjamin Chau said the shows witnessed a remarkable growth in the number of visitors from emerging markets which reflects their market potential that should not to be overlooked.
He said despite the economic challenges facing the luxury goods market, the shows managed to draw a record number of buyers especially those from mainland China, ASEAN (Malaysia and the Philippines), as well as Russian, Turkey and Iran on the Belt and Road whose attendance marked a double-digit growth. The exhibitors are generally satisfied with the results, which demonstrates that the jewellery industry remains confident about business in future, as well as TDC’s successful two-show two-venue strategy, according to Chau.
For the survey commissioned by TDC, 56 percent of the 1,300+ exhibitors and buyers interviewed expected overall sales this year to be steady, while 28 percent expected an increase; whereas 69 percent expected prices to be steady and 23 percent said prices will rise.
Survey respondents expected jewellery with more affordable prices will be more popular in 2017, with 54 percent of them expecting products priced from US$101-500 to have the greatest potential this year.
Material-wise, 43 percent of the respondents expected karat white gold to be in greatest demand this year, 33 percent for karat rose gold, 23 percent for karat yellow gold, 19 percent for pure gold, and 10 percent for platinum.
As for gemstones, most of the interviewees (41 percent) believed diamonds will have the greatest potential this year, though the number is lower than last year’s by 13 percent. This is followed by aquamarine (14 percent) and emerald (13 percent).
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