Israeli Diamond Industry Heads to HKJMA Show With Optimism
The Israeli diamond industry said it was positive as exhibitors headed for the November 30 to December 3 Hong Kong International Jewelry Manufacturers’ Show at the Hong Kong Convention & Exhibition Centre.
The Israel Diamond Institute (IDI) said it was the fourth time that it has organized a national pavilion at the show, and it is encouraged by the rise in demand from Asian markets and success at previous shows in the region.
There will be 26 companies in the Israeli Diamond Pavilion, and the IDI said that as in past events, buyers are invited to search the Get Diamonds database in both English and Chinese for the goods they seek among the Israeli exhibitors. The Get Diamonds terminal will be positioned at the IDI information booth at 1DC14.
IDI Chairman Shmuel Schnitzer said that he was expecting a good show for Israeli exhibitors. “We are seeing a positive trend in Asian markets, especially in China and Hong Kong, with polished diamond imports to Hong Kong rising 7% in the first nine months of 2017. The show is timed right before the holiday season so it will attract 'holiday shoppers', both business and consumer,” he said.
Organized by the Hong Kong Jewelry Manufacturers’ Association (HKJMA), the fair includes fine jewelry, loose diamonds, pearls and colored gemstones. It attracts buyers from mainland China, Taiwan, the Philippines, Indonesia and other parts of Asia Pacific. The timing of the show enables buyers to stock up on last minute purchases before the busy holiday season.
Asian markets are key to Israel’s marketing strategy, the IDI said, with sales to Asia representing over 30% of Israel’s total polished diamond exports. Hong Kong trade shows are a strategic focus for IDI, which organizes national pavilions at shows in March, June, September and November.