Hong Kong Gem and Jewellery Show: Show off

The awaited September Hong Kong Gem and Jewellery Show could not do much to rescue the world diamond industry from the clutches of dwindling economies, as it ended with bleak optimism, Diamond World reports in Weekly E-Post. Polished diamond suppliers received low response from Asian buyers. While low quality diamonds fared well, the top colour and clarity diamonds reported a slow movement. The second part of the show that was dedicated to finished jewellery also garnered low response.
The trends at the show reflect that industry sentiments are continuing to be over-ruled by the global economic slowdown. Also the lack of enthusiasm from buyers to actually close deals is a statement in itself that the industry is yet maintaining a cautious outlook.
The show was of key importance for the global industry to keep up its tempo of optimism. The Asian demand is important for the industry to maintain a flow of diamonds in the pipeline. And with the industry having entered the season of festivals and weddings and this being one of the mega shows just prior to the Christmas season, many had high expectations from it. On the brighter side there was a good participation. The forthcoming festive season will keep the industry busy, to tackle the big challenge of pushing sales.