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HONG KONG JEWELLERY AND GEM SHOW

The June Hong Kong Jewellery and Gem Show, one of the important jewellery and gem fairs in Asia, received a cold response from the guest, thanks to the unstable market conditions that kept the buyers from trading.

Unlike the past, this year, the June Hong Kong Jewellery and Gem Fair witnessed a slow beginning and low sentiments of the guests. The event, which began on 21 June 2012 and concluded on 24 June, saw soft activities. The show was held at the Hong Kong Convention and Exhibition Centre, Wanchai. The event that started way back in 1988 has been among top three fine jewellery events in Asia.

Though the 2012 edition of the June Fair featured the largest-ever diamond pavilion in the fair's history, as it housed 415 diamond exhibitors from 10 countries and regions, but ironically it was the diamond section that lacked sheen.

The trade event coincides with tough economic situations like–falling of the Indian rupee, slow stock market situations, European economic strain—all of which are creating a negative impact to the trade, thereby dampening the spirit of the show.

Enthusiasm among the Indian traders was low, thanks to the falling Rupee. Also, the Chinese market delivered slow paced results. Amongst the diamond categories, the fancy shaped diamonds received better response when compared to the round shaped. According to the exhibitors, the sentiments at the show was low, which is impacting the trade, otherwise the rough is not soft and they don't see a downfall in prices.

Although the mood at the diamond section has been a bit tepid, the colored stone hall was busy and has a decent demand from mainland China.

During the four-day event, over 1,600 top-quality exhibitors from around the world would exhibit a wide array of fine jewellery and related products.

The show, however, also witnessed some activities that helped it. Hong Kong's free-trade policy — no import and export tax —attracted jewellers from around the world. And its proximity to China and India, two of the world's most robust jewellery markets, has also made the city a preferred springboard for new companies.

While the fair's time helps cement its status as an important mid-year event in Asia, its coincidence with down market time was a bad luck.

The guests were though a little dull, the organisers made sure that the fair does not lack lustre, hence under the fine design pavilion (FDP) and fine gem pavilion (FGP), there were around 80 internationally renowned jewellers exhibiting their products and designs.

Since its     launch       in      2009, the Hong Kong Premier Pavilion (HKPP) has also proved to be a good platform for the city's homegrown brands and their crafted jewellery. The Hong Kong June Fair this year featured around 40 exhibitors.

This year, the German pavilion made its debut at the fair, taking up the total number of group pavilion to 12. The pavilion has strong contingent of exhibitors from Antwerp, Brazil, mainland China, Germany, India, Israel, Italy, Japan, Korea, Thailand, Taiwan region and the International Colored Gemstones Association (ICA).

Asia's Fashion Jewellery and Accessories Fair — June (AFJ) was also taking place from June 21 to 24 at the HKCEC. The AFJ features high-quality fashion jewellery and accessories. It enjoys the status of being an awaited event.





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