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Trade Calls to Postpone Hong Kong Show
Aug 21, 2019 10:10 AM
By Rapaport News
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RAPAPORT... Three major trade bodies have asked the organizer of
the Hong Kong Jewellery & Gem Fair to delay the show until the political climate stabilizes.
“Currently 30% to 40% of the exhibitors are demanding to
cancel [their] participation regardless of whether the situation improves,” the
organizations explained in an appeal sent on Wednesday to Informa Markets, which runs the show.
The Gem & Jewellery Export Promotion Council (GJEPC),
Antwerp World Diamond Centre (AWDC) and Israel Diamond Institute (IDI) are
concerned the current situation will inhibit foot traffic at the event and risk
the safety of their exhibitors, the groups said in the letter, obtained by Rapaport News. Many of the exhibitors’ clients have already
informed them they will not even consider attending the show this year, the
groups said.
Insurance companies will not provide coverage
for goods if riots take place near the show’s location, and participants would be
required to take out an additional policy, which is not currently being
offered, the groups noted. Informa should also provide financial compensation, such as
a discount or refund, to all participating companies, GJEPC, AWDC and IDI
added.
Informa intends to carry on with the show, believing the situation will calm down before then, it told Rapaport News earlier this month.
Image: The 2018 Hong Kong Jewellery & Gem Fair.
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Tags:
Antwerp World Diamond Centre, AWDC, Gem & Jewellery Export Promotion Council, GJEPC, Hong Kong Jewellery & Gem Fair, IDI, Informa Markets, Israel Diamond Institute, Rapaport News
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