March 7, 2000
Largest-Ever Hong Kong Show Opens
The Hong Kong International Jewellery Show opened Monday, with 883 exhibitors from 31 countries and regions participating, making it the biggest ever, said organizers. This could herald a recovery for Asian jewelry markets, which have had weak business climates over the past few years due to larger economic problems in Asia.
Organized by the Hong Kong Trade Development Council, the four-day Hong Kong show has 11% more exhibitors than last year's event, according to China's Xinhua new agency. On display are finished jewelry, diamonds, pearls, gemstones, precious metals, manufacturing equipment and packaging.
Production of fine jewelry encompasses a wide range of medium to high-price products, said Leung Sik-wah, chairman of HKTDC's Jewelry Advisory Committee. Gem-set jewelry is the most popular category.
As a major jewelry exporter, Hong Kong witnessed a 25% rebound in total jewelry exports in 1999 over the previous year to HK$13.3 billion (U.S.$1.7 billion).
- by Mark E. Dixon