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After the complicated years during the health crisis, Hong Kong, one of the world’s jewelry industry centers, wants to boost its activity. The regional city is merging its two international jewelry fairs, one dedicated to diamonds, precious stones and pearls, to boost its attractiveness.
As everyone knows, the last few years have not been easy for China and Hong Kong. With the Covid-19 pandemic, the authorities imposed drastic health measures, including the closure of the borders, which deprived the city of its growth opportunities. Hong Kong has a thriving jewellery industry, mainly for export. After two years of retrenchment, the government of the Hong Kong Special Administrative Region (HKSAR) has finally lifted travel restrictions and vaccination requirements for foreign visitors. These measures are once again boosting global trade between Hong Kong, the mainland and the rest of the world.
For several months, the Hong Kong Trade Development Council (HKTDC) has been promoting the territory’s advantages through various channels and exhibitions. The 39th Hong Kong International Jewellery Show and the 9th Hong Kong International Diamond, Gem and Pearl Show, organized by the HKTDC, will be held together for the first time at the Hong Kong Convention and Exhibition Centre (HKCEC) from March 1 to 5, 2023, using a hybrid physical and online model. This combination will give rise to a true International Jewellery Show.
A growing market
According to HKTDC data, Hong Kong saw its precious jewelry exports decline by 20% in 2020. However, thanks to an easing of quarantine measures, the region saw a 65% rebound the following year, 15% above pre-pandemic levels. In the first nine months of 2021, exports to China and Macau even surpassed the pre-Covid level by 50%. Over the same period, exports of pearls, gems and rough diamonds from Hong Kong increased by 63% to HK$104 billion (US$13.2 billion). The pandemic also forced Hong Kong jewelers to rethink their distribution channels by closing outlets and expanding online sales.
Last year, the value of Hong Kong’s fine jewelry exports increased 18 percent over 2019 to HK$71.4 billion (US$9.1 billion). While sales of Hong Kong jewelry to ASEAN (the Association of Southeast Asian Nations) markets grew by 40 percent, exports to the United Arab Emirates, Italy, Australia and Taiwan also saw encouraging increases.
The world’s largest jewelry show
The merger of the 39th Hong Kong International Jewellery Show and the 9th Hong Kong International Diamond, Gem and Pearl Show is therefore an ideal opportunity to boost the attractiveness of the region. As international companies return, the HKTDC expects more than 2,300 exhibitors participating in the events.
“The Shows will attract 100 buying missions with more than 10,000 non-local buyers from 70 countries and regions, showing a significant increase in non-local exhibitors and buyers compared to last year”, estimates Sophia Chong, deputy executive director of HKTDC.
The Twin Salons will feature 20 country pavilions, including those from mainland China, Taiwan, Japan, Korea, but also India, Turkey, Israel and the United States. The event will also see the return of a number of jewelers’ associations, such as the Asia Pacific Creator Association, the International Coloured Gems Association, the Tanzanite Foundation and the Hong Kong Jewellery & Jade Manufacturers Association. This overwhelming response and presence of countries and institutions proves that Hong Kong remains an attractive platform for international businesses.
With such a project, the HKTDC wishes to promote Hong Kong as a business center and help its trade regain its momentum. In fact, the city is the key bridge between the Greater Bay Area and the Association of Southeast Asian Nations (ASEAN), and between Asia and the rest of the world.
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After the complicated years during the health crisis, Hong Kong, one of the world’s jewelry industry centers, wants to boost its activity. The regional city is merging its two international jewelry fairs, one dedicated to diamonds, precious stones and pearls, to boost its attractiveness.
As everyone knows, the last few years have not been easy for China and Hong Kong. With the Covid-19 pandemic, the authorities imposed drastic health measures, including the closure of the borders, which deprived the city of its growth opportunities. Hong Kong has a thriving jewellery industry, mainly for export. After two years of retrenchment, the government of the Hong Kong Special Administrative Region (HKSAR) has finally lifted travel restrictions and vaccination requirements for foreign visitors. These measures are once again boosting global trade between Hong Kong, the mainland and the rest of the world.
For several months, the Hong Kong Trade Development Council (HKTDC) has been promoting the territory’s advantages through various channels and exhibitions. The 39th Hong Kong International Jewellery Show and the 9th Hong Kong International Diamond, Gem and Pearl Show, organized by the HKTDC, will be held together for the first time at the Hong Kong Convention and Exhibition Centre (HKCEC) from March 1 to 5, 2023, using a hybrid physical and online model. This combination will give rise to a true International Jewellery Show.
A growing market
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After the complicated years during the health crisis, Hong Kong, one of the world’s jewelry industry centers, wants to boost its activity. The regional city is merging its two international jewelry fairs, one dedicated to diamonds, precious stones and pearls, to boost its attractiveness.
As everyone knows, the last few years have not been easy for China and Hong Kong. With the Covid-19 pandemic, the authorities imposed drastic health measures, including the closure of the borders, which deprived the city of its growth opportunities. Hong Kong has a thriving jewellery industry, mainly for export. After two years of retrenchment, the government of the Hong Kong Special Administrative Region (HKSAR) has finally lifted travel restrictions and vaccination requirements for foreign visitors. These measures are once again boosting global trade between Hong Kong, the mainland and the rest of the world.
For several months, the Hong Kong Trade Development Council (HKTDC) has been promoting the territory’s advantages through various channels and exhibitions. The 39th Hong Kong International Jewellery Show and the 9th Hong Kong International Diamond, Gem and Pearl Show, organized by the HKTDC, will be held together for the first time at the Hong Kong Convention and Exhibition Centre (HKCEC) from March 1 to 5, 2023, using a hybrid physical and online model. This combination will give rise to a true International Jewellery Show.
A growing market
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