Over 60% of exhibitors and buyers at the Hong Kong International Jewelery Show are optimistic about the industry's prospects

　　China News Service, Hong Kong, March 5th (Wei Huadu Qian Xiaoyun) The 9th Hong Kong International Diamond, Gem and Pearl Show and the 39th Hong Kong International Jewelry Show ended on the 5th.

On the same day, the Hong Kong Trade Development Council (HKTDC) announced the results of a survey showing that more than 60% of exhibitors and buyers expect their business to return to pre-epidemic levels within a year, reflecting an optimistic outlook for the jewelry industry.

　　According to reports, the above two exhibitions are hosted by the Hong Kong Trade Development Council. They are the first large-scale international business events held in Hong Kong after the lifting of all epidemic prevention measures. More than 2,500 exhibitors participated in the exhibition, attracting more than 60,000 buyers from 130 countries and regions. Buying jewelry at the scene, among which buyers from mainland China and Asia have increased significantly.

　　The Hong Kong Trade Development Council stated on the 5th that during the exhibition, the HKTDC conducted a questionnaire survey on about 700 exhibitors and buyers.

The results show that the majority of respondents believe that factors such as the recovery of consumption power (57%), rising demand in emerging markets (34%) and the development potential of the Guangdong-Hong Kong-Macao Greater Bay Area (13%) will bring new opportunities to the jewelry industry in 2023. Huge opportunity; 62% of exhibitors and 61% of buyers expect their business to return to pre-pandemic levels within a year.

　　According to the survey results, more than 60% of the respondents expect that the overall sales will increase in the next six months to one year, and 74% of the buyers expect the purchase cost to increase; the respondents believe that the growth prospects of jewelry products in the following target sales markets in the next two years Most ideal and very ideal are mainland China (78%), Hong Kong (71%) and ASEAN countries (64%) respectively.

　　The person in charge of Scarselli Diamonds Inc, an exhibitor from the United States, said: "After the epidemic, the market atmosphere has improved, and buyers are also willing to purchase. We have contacted many buyers from Europe, Japan, South Korea, Mainland China and the Middle East, and purchased color diamonds on the spot. Gemstones, the maximum value of the order is $12 million."

　　The Zhuji City Pavilion of Zhejiang Province participated in the exhibition for the first time. Chen Wenjin, the deputy mayor of Zhuji City, said: "In addition to 49 companies participating in the exhibition this time, more than 300 buyers visited the exhibition. The exhibition is an excellent platform to contact overseas buyers. , we expect the business volume to reach RMB 100 million.”

　　As for the buyers, David Abraham from the United States said: “This jewelry show is a one-stop platform to contact suppliers from all over the world. This time, we have found diamond exhibitors from Belgium, Israel and Hong Kong at the show, with a procurement budget of US$5 million. .”

　　Ms. Liu, a buyer from Shandong, said in an interview with a reporter from China News Agency at the venue earlier: "I have been coming to this exhibition every year since 2016. The purpose is to watch and learn craftsmanship, understand some more beautiful jewelry setting methods, and Understand the trend and look for high-quality suppliers to purchase. This year is indeed much more lively than previous years." (End)