HK INT’L DIAMOND SHOW – March 2018 Recap
Based on my experience at the HKTDC International Diamond, Gem & Pearl Show held at the AsiaWorld Expo in Hong Kong last week exhibitors exclaimed that while foot-traffic at the show was lighter than expected, the buyers in attendance came ready to purchase.
MANUFACTURED LOOSE DIAMONDS
The trade saw an aggressive buyers’ market, despite fewer Chinese buyers turning up following a later than usual Chinese New Year. There was a particularly strong buyer buzz in the Hong Kong, India, USA, and China Pavilions amongst diamond manufacturers.
Demand for manufactured goods was notably high in pointers and certified goods, especially 0.30 – 1 cts. Smaller goods remained somewhat soft, particularly in +2.5, -11. Far Eastern market demand for -2 in top qualities held firm with plenty of inventory at the show.
RECYCLED LOOSE DIAMONDS
Strong turnout from Indian and Chinese closeout buyers with three major international auctions taking place during the HK International Show – Rapaport, U.M.E. Co and NetJapan. Large volumes of post-consumer material continues to pour in from emerging Asian markets, particularly Japan. Competitive bidding atmosphere surrounding the auctions, which saw high sell-through rates.
All photos by HKTDC