The September Hong Kong Gem & Jewelry Fair 2015, which was organized from Sep 16 to Sept 22, received a mixed response from buyers amid the precarious situation of the diamond industry.
According to various sources, the demand for equipment remained low during the trade fair and the number of visitors at those venues remained flat.
It should be noted that the diamond industry faced a tough start this year after the only specialized bank, the Antwerp Diamond Bank, closed its gates and China suffered a backlash.
GIA Industry expert Russell Shor said diamond traders did better than expected. “Before the trade, they had decided not to take any chances.”
Ernie Blom, president of the World Federation of Diamond Bourses, also nodded in affirmative. “The HK show is the barometer of the industry trade year.”
Analyzing that, he said the fair turned out as expected.
Colored Diamonds Did Great
It was the colored diamonds who juiced up the show. International Colored Gemstone Association told that around 200 of its member buyers attended the show and did ‘good’ trade.
They said despite the slowdown many clients returned to place orders. However, it was the new clients that saved it.
People Are Looking For ‘One-Of-A-Kind’ Jewelry
Shunning the negative coverage by the world press, Edward Faber of Aaron Faber Gallery said, “People were looking for a one-of-a-kind piece.”
His other half and also the co-owner, Patricia Faber said in these tough times, people are looking for jewelry they can ‘easily resell.’
Equipment Was The Main Attraction Though
Not many people were interested in buying anything from the equipment pavilion, which was full of 3D materials, polishing, and finishing machinery; but they still crowded the area.
Wolfram Diener, senior VP of UBM Asia, concluded it as a promising event. “The crowd at these pavilions show that many are interested in upgrading their materials.”
That’s how we see the Hong Kong Gem and Jewelry Fair 2015. Stay tuned for more news and updates from the world of priceless gems and jewels!