"The organizers of Baselworld, the world’s largest watch and jewelry fair, have recognized that it is in a state of decline," writes Anthony DeMarco for Forbes. "At a time when the fair has reached the milestone of 100 years, fair organizers announced that they are reducing the 2018 edition by two days and cutting prices for exhibitors, following several years of exhibitor and attendance declines." The organization announced in a press release that visitor figures were down 4% to 106,000 buyers.
Organizers of the CARAT+ "Diamond Event" trade show to be held in Antwerp from May 7 - 9 have announced an agreement with "Bond Girl" Caterina Murino (Casino Royale, 2006) to be a guest of honor, and has announced an exclusive media partnership with The Rapaport Group. Murino, playing the sultry Solange Dimitrios, became the 71st member of one of the most celebrated and exclusive clubs in movie history, known as "the Bond Girls".
The fourth Hong Kong International Diamond, Gem & Pearl Show (28 February-4 March) and the 34th Hong Kong International Jewellery Show (2-6 March) featured about 4,480 exhibitors, and attracted over 85,000 buyers from 144 countries and regions, up six percent over last year, according to organizer Hong Kong Trade Development Council (HKTDC). More than 33,000 buyers visited the Diamond, Gem & Pearl Show, while some 52,000 visitors attended the Jewellery Show. “Despite economic challenges, especially in the luxury goods market, the two shows attracted a record number of buyers.
As the Hong Kong Trade Fairs get under way, all eyes are on the Chinese retail market and their largest contingent of diamond consumers – the Millennials. Since 2015 luxury jewelers have noticed a growing demand for diamonds by Chinese millennials, aged 18 to 34, who are altering the perception that diamonds are only a symbol of love to be received when getting engaged, married or for an anniversary.
The Antwerp diamond industry is readying to send a large delegation to the Hong Kong International Diamond, Gem & Pearl Show next week, February 28 - March 4. The Antwerp Diamond Pavilion, organized by the Antwerp World Diamond Centre (AWDC), will host over 80 companies and occupy nearly 1,200 square meters of the Diamond Hall at the AsiaWorld-Expo. As an additional feature this year, exhibitors at the Antwerp Diamond Pavilion will have the opportunity to screen their diamond parcels using HRD Antwerp's
The diamond industry is changing, and the global environment in which we operate is changing too. There is a constant and inseparable interaction between the two. We must continue to evolve ... The diamond industry should change its traditional approach towards consumers. My proposed new approach towards current and future consumers is one based on openness and transparency. For most consumers, the diamond mining and manufacturing process is opaque.
The Timex Group Swiss Luxury Division - which manages the watch business for luxury fashion brands Salvatore Ferragamo, Versace, Versus and Nautica through licensing agreements - is the latest company to leave the Baselworld watch and jewelry show, writes Anthony DeMarco for Forbes. According to Paolo Marai, president and CEO of the division of the Timex Group, the money the company spends participating in Baselworld - $3 million - could be better spent elsewhere. “I think that Baselworld is a huge investment for everybody and is in my opinion losing some effectiveness,” he said.
The September Hong Kong Jewellery & Gem Fair drew 55,768 unique buyers from 147 countries and regions this year. "The attendance," writes Anthony Demarco for the Jewelry News Network, "which still ranks the annual event as the top fine jewelry trade fair in the world, is a 3.2 percent decline from the prior year." He notes that this is the second consecutive year that the fair saw a drop in attendance. In 2015, the fair attracted 57,616 unique visitors, which was again 2.5 percent drop from the year before.
With diamond traders heading home as the Hong Kong Jewellery & Gem Fair came to an end on Monday, most appeared to be relatively optimistic though cautious ahead of the approaching holiday sales season. Demand for diamonds in the Far East remains soft due to the economic slowdown in China and an ongoing drop in tourists arriving in Hong Kong, Rapaport News reports.
The Antwerp World Diamond Centre's "Diamond Pavilion" at the Hong Kong Jewellery and Gem Fair starting September 13 will be replete with no less than 115 diamond trading companies, topping last year's numbers when the Antwerp diamond contingent was among the largest at the show. The Hong Kong Jewellery and Gem Fair is beyond a doubt the most important appointment in the year for the worldwide diamond and jewelry industry.
The Diamond Dealers Club (DDC) of New York, and India's Gems & Jewellery Export Promotion Council (GJEPC) held the fifth edition of the India Diamond Week on the DDC’s trading floor this week. The DDC said in a statement that 60 exhibitors and several hundred buyers took part. “We welcomed diamantaires from India to our trading floor in order to create new connections, build on existing relationships, and generate success for our industry,” said DDC President, Reuven Kaufman.
Diamond industry analyst Avi Krawitz presents his rundown of the India International Jewellery Show (IIJS) that took place last week in Mumbai. While noting that IIJS is currently a niche domestic show focusing on gold jewelry - which saw steady business, with jewelers expecting demand to rise along with gold's upward trend - Krawitz sensed optimism about the diamond market even though domestic diamond consumption has slowed recently. "India’s jewelry industry has some hurdles to climb before the diamond trade can grow domestic supply [and demand - DL].
The fourth edition of the Singapore Jewelry and Gem Fair will take place at the Marina Bay Sands Expo and Convention Center from November 4-7. More than 200 exhibitors are expected to take part, while jewelers from Austria, Belgium, Germany, Hong Kong, India, Italy, Japan, Switzerland, Taiwan, Thailand, USA and Singapore and elsewhere will attend. In 2015, the fair attracted around 10,000 buyers, with reported onsite sales of more than $16 million, Idex Online reported. Singapore is a significant high-end jewelry center.
The Thai Gem and Jewelry Traders Association (TGJTA) said its inaugural Thailand Gems & Jewelry Fair scheduled to be held from September 7 to 11 has been postponed to 2017 due to problems with securing the necessary space at the venue in the time required. In an official statement the organization said, “We had hoped to resolve the issue by now but unfortunately, despite our full efforts we regretfully were unable to [do so] within the necessary timeframe, despite our full readiness and preparations."
CARAT+, "the World’s Premier Diamond Event", has announced in a press release that it will host its trade event in the Antwerp Expo from 7 to 9 May 2017, writes IDEX Online.
One of the United States' major jewelry trade shows, the Smart Jewelry Show, will be postponed until 2018 due to venue scheduling conflicts. The annoucement reads: Due to an earlier than normal date pattern and venue scheduling conflicts, SmartWork Media has announced that the Smart Jewelry Show in Chicago scheduled for April 1-3 2017 will be postponed to 2018. SmartWork Media will announce future dates as soon as they become available.
According to the Diamond Loupe's sources on the ground, traffic at UBM's recent Hong Kong Jewellery and Gems Fair was low throughout the entire show.
Industry analyst Edahn Golan provides a rundown on last weekend's JCK show in Las Vegas, touching on traffic in the jewelry and diamond areas, the Diamond Producers Association's (DPA) marketing campaign, the hot topic of synthetic diamonds and ALROSA's strong presence in the desert. Particularly the high-end jewelers reported positive results, though much of the time the area was distinctly quiet.
Diamond industry analyst Ehud Arye Laniado reflects on uncertainties and lingering questions about the direction the diamond trade is taking in the wake of BaselWorld, and wonders whether it is even appropriate to sell loose diamonds at such a high-luxury show? We have selected a few choice comments: "Business [in the diamond section] was not good. This luxury-oriented show is not a good fit for small goods or even 1-2 carat items.
Over halfway through BaselWorld – still the number one appointment in the global luxury watch and high-end jewelry industry – the warm spring sun and blue skies of the first days in Basel have given way to a cool 6 C° and bland, grey skies. Much like the temperature, the mood has dropped significantly as well. Last year, after five years of consecutive growth, Swiss watch exports fell 3.3% globally, echoing the struggle the entire luxury segment has been experiencing for the past year and a half.
Diamond industry analyst Ehud Arye Laniado took the occasion of the international jewelry show in Hong Kong to ascertain the mood of the diamond market, specifically its reaction to the high levels of rough supply in early 2016 in light of demand for polished goods, and more specifically to guage the resulting profitablility.
More than 60 Indian exhibitors and several hundred buyers took part in the first day of the fourth India Diamond Week (IDW) being held this week on trading floor of the Diamond Dealers Club (DDC) in New York. The event is being held from January 18 to January 21. The trading event is one of several such inter-bourse shows held around the world, and is jointly organized by the DDC and India's Gem and Jewellery Export Promotion Council.
The Gem & Jewellery Export Promotion Council in association with the Diamond Dealers Club of New York will hold the 4th India Diamond Week from January 18 to 21 at the DDC premises. Around 15 Indian diamond companies will be participating.
Press Release – The 7th Antwerp Diamond Trade Fair will open its doors on 31 January 2016, offering trade visitors the largest choice of cut loose diamonds ever. The Antwerp Diamond Trade Fair has been firmly established on the international trade fair calendar since 2010. It is a full-fledged diamond fair – the flagship of three of Antwerp’s diamond bourses. Seven years ago, a few of the younger Antwerp diamond dealers launched an innovative concept: a ‘niche’ fair, dedicated solely to loose polished diamonds.
Members of the Diamond Dealers Club of New York, the Antwerp Diamond Bourse and the Bharat Diamond Bourse of Mumbai will be taking part in the event in the trading hall of the Israel Diamond Exchange.
The Antwerp World Diamond Centre’s “Diamond Power Sessions” made waves on the largest stage in the diamond and jewelry industry – the Hong Kong Jewellery & Gem Fair. More than 150 buyers crowded into the Antwerp Diamond Pavilion to hear the latest industry insights from Antwerp diamond experts on September 17 & 18, and the buzz was palpable. The sessions included presentations on marketing to Millennials, by AWDC Communications Manager Karen Rentmeesters, a presentation by HRD Antwerp’s Chief Education Officer Dr. Katrien De Corte, entitled “The Real Deal: Laboratory Grown vs.
The Hong Kong Jewellery & Gem Fair was hit by two thefts within an hour after opening. Coming on the heels of Wednesday's arrest of a Mainland Chinese woman for possession of a fake diamond that police believe she intended to swap for a real gem, on Thursday another two thefts were reported: a necklace and two bags of pearls worth more than HK$500,000 (US$65,000) in total. The first happened about four hours after the show opened. Staff found a female visitor from the mainland stealing a necklace worth US$60,000 from a booth. They gave chase when the woman left the booth.
With credit difficult to secure and tight liquidity, as well as bankruptcies in the Israeli diamond industry last week, the mood was somewhat subdued at the Israel Diamond Exchange's International Diamond Week which closes on September 3. Not surprisingly, cautious global market conditions created a sense of extreme of prudence, according to IDEX Online.
Diamond certification laboratory HRD Antwerp has announced that it will be unveiling a new Automated Melee Screening Device, known as M-Screen, at the Hong Kong Jewellery & Gem Fair. The device, developed in a collaborative effort between the Scientific and Technical Research Center for Diamond (WTOCD) and HRD Antwerp, promises to provide ‘a super-fast table-top automatic melee screener' for commercial use.
Around 100 exhibitors and several hundred buyers took part on the first day of the third India Diamond Week on the trading floor of the Diamond Dealers Club (DDC) of New York in Manhattan on Monday, the DDC said in a statement. The event is being held in conjunction with India's Gem & Jewellery Export Promotion Council (GJEPC). The event continues until August 27.
More than 350 buyers from 15 countries are scheduled to attend the Summer Edition of the International Diamond Week in Israel (IDWI), which will take place at the Israel Diamond Exchange (IDE) from August 30 to September 3. Belgium, Mumbai, New York and Istanbul are all sending delegations of buyers to the event, which is now in its third year. “We are encouraged by the surge in registration for the event, at a time of uncertainty in the global diamond industry and trade," said Moti Fluk, IDE treasurer and head of the IDWI Organizing Committee.
Hong Kong-headquartered Diamond Services has announced the release of a mini Raman Spectrometer that can detect HPHT and CVD lab-grown synthetic diamonds and HPHT color-treated diamonds, as well as diamond simulants. The desktop-sized device has been designed specifically to provide individual diamond and jewellery companies with a technological capability that, thus far, has typically been the exclusive domain of well-equipped gem labs.
The Antwerp Diamond Trade Fair (ADTF) Organizing Committee has announced that the Seventh Edition of the show will be held from January 26 to February 2.
Around 60 Israeli diamond companies took part on Wednesday in an internal bourse diamond fair – the first of its kind – aimed at increasing the amount of trading in polished goods between bourse members. IDE President Shmuel Schnitzer: "We have revived the Exchange today. We were of two minds whether to hold the fair, and now it looks like we need to start work on the next edition in view of the large number of participants."
Ehud Laniado writes that the Hong Kong show that took place last week opened with a "generally low mood" on the part of diamond wholesalers, but notes that the June edition of this show is usually a slow one, "and this year it was especially slow." Most of the large buyers were absent. The presence of the smaller Chinese retailers created quite a number of transactions, although with a lower total value of sales compared to last year.
Rapaport reports Reed Exhibitions, part of RELX Group, acquired Jewelers International Showcase (JIS), which hosts three annual business-to-business events -- one each in January, April and October -- for jewelry retailers at the Miami Beach Convention Center. The JIS Events will join the JCK Events in Reed Exhibitions' U.S. jewelry portfolio.
As with past editions of the event, which is held twice a year by the Israel Diamond Exchange, registered and confirmed buyers will be offered three free nights' accommodation for the International Diamond Week which is due to take place from August 31 to September 4.
The buyers' fair is held in partnership with the Diamond Dealers Club of New York and the Antwerp Diamond Bourse (Beurs voor Diamanthandel), and the exchange announced that other bourses belonging to the World Federation of Diamond Bourses (WFDB) may attend the event for the first time.
Unlike in previous years, demand is not particularly strong following the JCK Show, with markets quiet with demand being seen for specific fine-quality VS-SI goods. And low levels of polished sales are leading to large quantities of surplus inventory. Less expensive small goods and diamonds in the 0.30 to 0.40 categories are seeing weak demand. Furthermore, trading is forecast to remain soft as the US vacation period approaches, and expectations are low for the June HK show.
Members of the British Jewellers’ Association (BJA) and the National Association of Goldsmiths (NAG) have voted in favour of combining the two bodies to form a single National Association of Jewellers (NAJ). The decision was made at Goldsmiths’ Fair this afternoon as part of the NAG’s annual general meeting. “The is an historic day,” pronounced Andrew Hinds, chairman of the National Association of Goldsmiths, at the conclusion of proceedings. The merger was the culmination of years of painstaking negotiation. They hope to finalize it by January next year.
Participants of the June Hong Kong Jewellery & Gem Fair can benefit from a high-tech browsing tool that allows seamless connection and product matching between trade show buyers and exhibitors. The Tradeboard, a new product tailor-made for jewellery fairs organised by UBM Asia, allows buyers to post specific product requests before and during the fair and receive replies from exhibitors through SMS. “Many visitors come with a very specific sourcing need such as a certain type of jewellery, or very specific gemstones or materials.