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Hong Kong International Jewellery Show Ends on High Note
Overseas Buyer Attendance up 28%, Retail Confidence Growing

10 March 2010 – More than 32,000 buyers, nine per cent higher than last year, took in the 27th HKTDC Hong Kong International Jewellery Show, which concluded yesterday. Overseas buyers at the five-day show were up 28 per cent, with both mature and emerging markets showing more active order placing and confidence in the retail market.

 

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The 27th Hong Kong International Jewellery Show, which concluded yesterday, attracted more than 32,000 buyers, up nine per cent over last year. Overseas buyers at the fair were up 28 per cent.

 

 

 

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  Buyers talking business with exhibitors during the HKTDC Hong Kong International Jewellery Show, 5-9 March.
 

 

   

Buyer Attendance: Mature Markets

United States

+38%

Italy

+20%

United Kingdom

+22%

France

+30%

South Korea

+43%

Buyer Attendance: Emerging Markets

Chinese mainland

+21%

India

+117%

Russia

+96%

“We saw encouraging figures and a strong response to the Jewellery Show this year. The buyer attendance figures tell us that the retail market is in recovery, not only from mature markets such as Europe and the US, but also from emerging markets such as Eastern Europe and India,” said Lawrence Ma, Chairman of the HKTDC Hong Kong International Jewellery Show Fair Organising Committee and the HKTDC Jewellery Advisory Committee. Mr Ma added that the HKTDC recruited buyers from 123 countries and regions.

Billy Lau, Chairman of the Hong Kong Jewellery & Jade Manufacturers Association, said that he saw more buyers from emerging markets such as Russia, South Africa and the Middle East. “We also saw many buyers from leading mainland enterprises. They were at the fair to source gold and platinum jewellery and other products.”

Mr Lau added that the high price of gold had boosted demand for alternatives, including rose gold and silver products. “Black diamonds and brown diamonds also received good response from buyers.”

Saudi Arabian buyer Ali Hassan Al-Nemer, Managing Director of Abdul Samad For Watches & Jewellery, said that the Hong Kong International Jewellery Show was “a great opportunity to learn about market trends and find suppliers. The fair is well managed with excellent services, a comfortable environment and good security.”

Consumer Confidence Returning
"Consumer confidence is returning strongly,” said Peter Engel, President of Fred Meyer Jewelers. “We have been opening new stores and will operate 390 to 400 stores in the United States by the fourth quarter of this year. The Hong Kong International Jewellery Show offers a full range of products, and the hospitality is fantastic. We can walk around comfortably and stay focused on building relationships with potential suppliers," he said.

There are signs of recovery in Germany's consumer market, and the recent weakness of the euro against the US dollar should benefit exports and the economy, said Christian Hünecke, Managing Director of Germany’s Wilh. Müller GmbH & Co KG. “The Hong Kong fair is very good, especially for building new contacts. This year, we were here mainly for pearls. We have found new suppliers and already placed US$50,000 worth of orders. We will consider coming to source fine jewellery here next year."

This year’s HKTDC Hong Kong International Jewellery Show featured more than 2,600 exhibitors from 44 countries and regions, a new record, and up more than 13 per cent over last year. The number of Hong Kong exhibitors grew to more than 1,380 – 90 more local representatives occupying 20 per cent more space than last year.

“The HKTDC helps Hong Kong companies capture opportunities, managing high-quality fairs and inviting international buyers,” said Benjamin Chau, Deputy Executive Director of the HKTDC. “This year, we sponsored 2,100 first-time buyers to the Jewellery Show, and the response and comments have been very encouraging,” said Mr Chau.

Fair Website: www.hktdc.com/hkjewelleryshow

Photo Download: "http://202.64.102.92/hktdc/download.php?fid=_phpaCbRvs"

Media Enquiries
Please contact the HKTDC's Corporate Communication Department:

Joe Kainz
Tel: (852) 2584 4216
Email: joe.kainz@hktdc.org

About the HKTDC
Established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 offices worldwide, including 11 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and the mainland, while providing information via trade publications, research reports and online. For more information, www.hktdc.com

Content provided by Hong Kong Trade Development Council