Guangzhou Int'l Jewelry & Diamond Conference Focuses on Market Growth

Retail and Consumer Confidence
29/11/2017 10:40
Last week, the Guangzhou Diamond Exchange and Guangdong Gems & Jade Exchange, subsidiaries of Guangdong Assets & Equity Exchange Group, held a series of annual meetings around the theme of “Belt & Road, Hand in Hand — International Jewelry & Diamond Conference 2017". China's Belt and Road Initiative, roughly defined, is a development campaign through which China wants to boost trade and stimulate economic growth across Asia and beyond by building massive amounts of infrastructure connecting it to countries around the globe. The idea for the conference is that as the Belt & Road links together the ancient and modern, connecting China with the wider world, this will increase China’s dialogue and collaboration within the international gems and diamonds industry, providing new growth opportunities for the local Chinese gems and diamonds industry.
As a comprehensive service platform in the international gems and diamonds industry supply chain, and as a pillar of the Belt & Road Initiative, the two exchanges focus on market growth, utilising the advantages inherent in the consolidation of the gems and diamonds industry in Guangdong, Hong Kong and Macao. The two exchanges work together to strengthen the innovative trading service system in gems and diamonds, jointly driving the mutually beneficial innovation and growth of the gems and diamonds industry. Nearly 300 people attended this annual conference, including notable guests and industry association representatives from Thailand, Sri Lanka, Israel, Belgium and Germany, in addition to participants from Hong Kong, Macao, Taiwan of China, as well the De Beers Group.
Among the notable speakers, President of the Antwerp World Diamond Centre, Stéphane Fischler, linked together the role and positioning of China in the international jewelry and diamonds market and gave his views on the current state of growth in the international diamond market. He pointed out the necessity for collaboration between those engaged in the diamond industry. The Vice President of Asia Pacific, De Beers Global Sight holder Sales, Sean Lin, introduced how De Beers is using the Global Sightholder System and spoke of new approaches to sightholder qualification training within the industry pertinent to the Chinese domestic market. The Vice Secretary General of the Guangzhou Municipal Government, Diao Ailin, said the government is dedicated to supporting the continued growth of the two exchanges and want to see them grow into international gem and diamond trading service hubs.