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RAPAPORT... Komehyo Hong Kong Ltd., a subsidiary of Komehyo Co. Ltd. of Japan, opened a showroom in Hong Kong as part of the company's expansion plans. The new location will offer preowned jewelry, watches, brand-name handbags and other accessories.
Toshio Sawada, the president of Komehyo Hong Kong, said, "Hong Kong is well connected with the world and Mainland China. It is a convenient and strategic location for Komehyo to serve its overseas buyers, who are mostly from Mainland China. We expect that the Hong Kong office will help our company expand its sales channels and provide better customer service to overseas buyers outside Japan." The company contended that in the past few years, it has been trading preowned jewelry and watches at Hong Kong trade fairs. "We have seen strong demand for luxury watches and diamond jewelry from overseas buyers. The opening of the showroom shows our growing confidence in Hong Kong," Sawada said. Hong Kong's associate director-general of investment promotion, Jimmy Chiang, said, "Being a free port and having a low-tax regime, Hong Kong remains an ideal location to foreign companies wishing to showcase and market high-end quality goods to Mainland Chinese and other Asian customers. Setting up a permanent location in Hong Kong facilitates trade with international buyers throughout the year. Komehyo, with its strong branding in the industry, will easily find a foothold in Hong Kong. I wish its business every success."
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