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Strong Start to the Hong Kong Show

Mar 4, 2011 10:19 AM   By Nancy Sindt
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RAPAPORT... The Hong Kong International Jewellery Show opened on a strong note today, with a record 2,800 exhibitors from 46 countries and regions and an anticipated 30,000 international buyers.

Lawrence Ma, chairman of the Hong Kong Trade Development Council Jewellery Advisory Committee and Fair Organizing Committee, said, “These are promising times. The upswing is driven, in good part, by the Chinese mainland and its growing appetite for jewelry. Last year, jewelry sales on the mainland totaled some $30 billion. And the mainland is expected to become the world’s biggest market for luxury goods over the next decade.”

The five-day show offers both high-end and commercial diamond and gemstone jewelry, loose pearls and gemstones, watches, fashion jewelry, display and packaging materials. Subsequent to the event were three auctions for diamond, and South Sea and Tahitian pearls.

Ethiopia is taking part in the show for the first time and Italy is the show's first "partner country." Pavilions have been set up for seven trade organizations: the Antwerp World Diamond Center, the Israel Diamond Institute, the Israel Export & International Cooperation Institute, the International Colored Gemstone Association, the Japan Jewellery Association, the Japan Pearl Exporters' Association, and Platinum Guild International.

There are a number of buying missions present this year and include: Argentina's Diamonds DC and Jose Peskin e Hijos SA; Brazil's Amsterdam Sauer, Folic and Vivara; Canada's Ann-Louise Jewellers and Sears Canada Inc.; Japan's GSTV; Paraguay's Luxor SA; Saudi Arabia's Farsi Jewellery; the United Arab Emirates' Joy Alukkas and Malabar Jewellery LLC; Uruguay's Brela Joyas and Laffitte Joyas; and the Jewelry International Manufacturers Association and National Chinese American Jewelers Association from the U.S.
Tags: Hong Kong, Hong Kong International Jewellery Show, Nancy Sindt
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