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Momentum Returns To Marketplace (HKTDC Jewellery, Vol 02,1999)

Vol.2 1999

Momentum Returns To Marketplace

Stage Set For Asia's Biggest Jewellery Extravaganza

Momentum Returns To Marketplace

THE June Hong Kong Jewellery & Watch Fair, Asia's biggest mid-year jewellery event, pulled in nearly 13,000 visitors -- 4% more than last year, including a strong showing from overseas, according to the organiser Miller Freeman Asia.

The fair, held from 24-27 June, covered 10,000 square metres of space at the Hong Kong Convention and Exhibition Centre (CEC) and hosted 443 exhibitors from 26 countries and regions.

Of the 12,938 visitors, 30.4% came from other countries and 69.6% were from Hong Kong. The overseas contingent was 17% higher overall this year, with visitors from Asia-Pacific (excluding Hong Kong) up 17.7%; North America, up 19.1%; and Europe, up 9.2%. Visitors from Taiwan, the US, mainland China, Japan and South Korea topped the list of overseas buyers.

"Trade optimism and the continuing strength of the global jewellery business were reflected by the excellent results of the June fair. The rising number of overseas visitors was the best evidence of the returning momentum and new confidence in this dynamic marketplace," said Miller Freeman Asia director Peter Sutton.

He attributed the increase in the number of Asia-Pacific buyers to rising jewellery purchases in the region, in anticipation of millennium gift-giving. {short description of image}

Visitor attendance from mainland China also grew. "It is already clear that the return of Hong Kong to the mainland has facilitated the travel of Chinese buyers to Hong Kong, and that the domestic jewellery market in the mainland is continuing to grow rapidly," Sutton said.

On display at the fair were a diverse collection of fine finished jewellery; a wide spectrum of pearls, diamonds and gemstones; jewellery timepieces; precious metals and related raw materials.

Gene Martinson, of Mavilo Wholesalers in Tampa, Florida, came looking for a wide range of low to mid-price gemstones and jewellery. "I was very satisfied with the prices for pearls. People wanted to sell, but it was more difficult trying to get the right price for finished jewellery," he said.

Exhibitor Amber Gallery Int'l Trading Ltd, from Canada, a wholesaler of amber jewellery and accessories, and semi-finished products, was pleased with the amount of business transacted at the fair. "We sold 80% of the merchandise we brought on the first two days, plus more on-site orders," said company president Julian Szymd.

Asia's Fashion Jewellery & Accessories Fair '99, now in its second year, ran concurrently with the jewellery and watch fair and was co-organised by Miller Freeman Asia and Fiero Milano Int'l.

The 10,036 visitors from 69 countries and regions who attended this fair represented a jump of 8.8% over the fair's debut year in 1998. They came to see 223 exhibitors from 18 countries and regions who showed silver jewellery; gold-/ silver-plated jewellery; crystal, bead and semiprecious stone jewellery, accessories and more.

The number of visitors from the Asia Pacific region, especially South Korea, Taiwan, mainland China, the Philippines, Thailand, Australia and Japan, increased sharply -- by 66%. There were also gains in the number of buyers from France, Germany, Italy and Spain.

Iris Fernan-Arcenas, of Ferimar Import-Export Inc, in the Philippines, said: "A lot of Europeans and Americans come to source [fashion accessories] in Hong Kong. In the upbeat atmosphere this year, we had more new accounts and more quality buyers who placed very good orders."

Rodney Dyer, director of Kibo Jewellery Ltd, in Whangamata, New Zealand, which specialises in silver jewellery, was shopping for finished jewellery and loose semiprecious stones. "I'd like to expand into fashion jewellery, so that's why I'm here. I found the fair convenient and I was impressed by the range of products and the range of countries," he said.

Next year, both the May Hong Kong Jewellery & Watch Fair (formerly held in June) and Asia's Fashion Jewellery & Accessories Fair will be held from May 11-14, 2000 at the CEC.

Written by Andrea Pawlyna

Stage Set For Asia's Biggest Jewellery Extravaganza

THE September Hong Kong Jewellery & Watch Fair '99, Asia's biggest international jewellery event, looks set to dazzle once again with a sparkling array of pearl auctions, a jewellery design competition, special jewellery displays, seminars and more.

More than 1,700 exhibitors from 40 countries and regions will participate in the five-day extravaganza, organised by Miller Freeman Asia Ltd and held from 23-27 September at the Hong Kong Convention and Exhibition Centre (CEC). An estimated 27,000 visitors from 80 countries and regions are expected to attend.

On display at the fair, which will cover 42,000 square metres of exhibition space, will be fine finished jewellery, diamonds, pearls, gemstones, precious metals, jewellery timepieces and manufacturing equipment and packaging.

Among the highlights are:

Pearl Auctions

  • The 12th Paspaley South Sea Pearl Auction, the premier event for Australian South Sea pearls, will be hosted by Paspaley Pearling Co Pty Ltd from 20-22 September in the Grand Foyer of the CEC.
  • The 3rd Robert Wan Tahiti Perles Auction will take place 22-23 September at the convention centre. Robert Wan Tahiti Perles Co is the largest single producer of Tahitian cultured pearls.

Jewellery Design Competition

  • The Tahitian Pearl Trophy Design Competition, organised by Perles De Tahiti and sponsored by Miller Freeman Asia and Jewellery News Asia, offers a creative mix of Tahitian pearls, jewellery design and fashion trends.

It is the first time the competition, which is being organised in more than 20 countries, will be held in Hong Kong. Nominated and winning pieces will be on display at the fair. Gold, Silver and Bronze Award winners will automatically enter the final of the Int'l Tahitian Pearl Trophy Design Competition in October 2000 in Paris.

Jewellery Displays

  • The World Gold Council and Anglogold will organise the Millennium "Gold for Eternity" Exhibition, a display of more than 100 sets of the best designs in gold jewellery, coins and unique gold objects from the region. A special showcase will feature gold designs by Asian artists.
  • De Beers will present its Millennium Diamond Programme.
  • Golay Buchel will have on display a collection of stunning objets d'art, featuring South Sea pearls.
  • The Italian Trade Commission and Ente Fiera de Vicenza will organise "The Harmony of Italian Jewellery -- I Soliste Veneti in Concert", a gala concert and jewellery parade from Italy.

International Seminars

  • A series of international seminars will be held by leading jewellery organisations such as the Antwerp Diamond High Council, the World Gold Council, the Gemological Institute of America, and the Gemmological Assn of Hong Kong.

Independent jewellery designers will for the first time have a dedicated pavilion that puts the spotlight on new jewellery pieces from designers around the world. Called Creation Zone 2000, the section will feature pieces from new and established designers around the world.

Other pavilions:

  • The Fine Design Pavilion will house a selected group of about 65 international companies showing the finest quality jewellery, gemstones, estate and antique jewellery/watches and signature pieces from European and Asian royal families.
  • The Antique & Estate Jewellery Pavilion will offer opportunities for traders looking for unique, one-of-a-kind pieces.
  • About 80 equipment and packaging suppliers will gather in the Equipment & Packaging Pavilion to offer jewellery manufacturers and gemologists a preview of the latest packaging products and the most up-to-date technology and equipment.

Written by Andrea Pawlyna

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