Record Attendance at HK Jewelry Show

Buyers from the BRICS countries (Brazil, Russia, India, China and South Africa) were up 8 percent, reflecting rapid economic development in the emerging markets, especially the Chinese mainland, show organizers said.

The HKTDC said it would continue to step up publicity in these emerging markets to help Hong Kong businesses capitalize on future opportunities.

Diamond traders told IDEX Online that business was "surprisingly good." Buyers were interested in a wide range of goods, especially diamonds 1 carat and smaller. Demand was also noted for 1.5 carat goods and 2 caraters. Larger goods of 3 carats and up were facing price resistance.

When it came to cuts, buyers were interested in rounds and fancy shapes, such as cushions.

Raymond Ng, director of Hong Kong’s Yokee Hong Diamonds Jewellery Ltd. "Some of them have even placed orders and made money transfers without even seeing the products in question,” he said.

The Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers.