By Bernardette Sto. Domingo
Business was stable at the sixth Hong Kong International Diamond, Gem & Pearl Show and the 36th Hong Kong International Jewellery Show, thanks to customers’ renewed buying appetite.
The fairs were organised by the Hong Kong Trade Development Council (HKTDC). According to Shelly Wong of Dynasty Jewelry Ltd of Hong Kong, a higher number of customers from the US, Canada and Europe was present this year. Buyers were also partial to innovative, one-of-a-kind designs. The company showcased its signature fine jewellery collections using diamonds in D to F colours, and VVS to VS clarity grades.
Elisha Elihu of US-based fine jewellery manufacturer Bijan & Co Inc said his company’s performance was relatively the same as last year, adding that Bijan places more importance on the quality than quantity of buyers. “We met new buyers from Asia and the US so the show was satisfactory for us. Our major markets are the Middle East and Far East,” he added.
Demand for below a carat diamonds of SI clarity grades was steady at the loose diamonds section particularly among Chinese buyers, according to Anil Bhikadiya, director at Trillion Star BVBA of Antwerp, Belgium. “We produce quality products but China wanted mainly commercial goods. SI goods of every size moved fast. Diamonds of VS and VVS clarity grades were less attractive because of the price,” noted Bhikadiya.
Price-conscious buyers also preferred smaller, commercial-range pearls of decent quality, according to Yoshihiro Shimizu of the Japan Pearl Exporters’ Association.
In the coloured gemstone section, demand for 1- to 3-carat coloured gems particularly from US and Chinese buyers was solid, disclosed Clement Sabbagh, president of the International Colored Gemstone Association. Apart from rubies, emeralds and sapphires, other gems such as spinels, mandarin garnets, Imperial topaz stones or fire opals were also sought after.