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Was the Hong Kong fair good for diamonds?

Was the Hong Kong fair good for diamonds?

27.09.2016: Was the Hong Kong fair good for diamonds? A final review of the results




Was the Hong Kong fair good for diamonds? A final review of the results of the recent Hong Kong Jewellery & Gems Fair is still forthcoming, but based on conversations with a number of diamond companies that exhibited at the Asian World Expo (AWE) next to Hong Kong's airport indicate that things seem to be looking up for diamonds.
 
 
Numerous diamond traders who exhibited in halls 3 to 7 at AWE invariably indicated that while there had been a lot of pressure on their price points, sales had been made and orders had been placed.


 "We've been quite busy, and we are not unhappy with the results," said Hans Clement of the Antwerp-based IGC Group on the third day of the show.


 "Of course, we need to wait until the show is over, but it seems the market is waking up and as jewellery manufacturers and retailers need to stock up, demand seem to be picking up."
 

Another Antwerp trader noted that this year's show had yielded the best results since 2012.
 

Across the board, traders of larger-sized diamonds and fancy colored diamonds reported "healthy interest" and some were notably quite happy with demand and sales.


International diamond industry communications consultant Ya'akov Almor, who coordinates communications for BrilliANT, the Antwerp Diamond Trade Fair, said he had spoken to a wide range of diamantaires from Antwerp, Israel, the USA and India.


"Diamantaires have become used to complaining about the state of the diamond market, but, interestingly, at this show, I heard only optimistic voices.


 This is particularly important as the September Hong Kong fair is generally looked at as an indicator for diamond demand for the rest of the year, and specifically the months leading up to the winter holiday sales season," he said.

 



- Almor Ya'akov - also photo

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27.09.2016 / MaP

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