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The sixth Hong Kong International Diamond, Gem and Pearl Show attracts high traffic

The sixth HKTDC Hong Kong International Diamond, Gem and Pearl Show (26 Feb to 2 March) and the 36th HKTDC Hong Kong International Jewellery Show (28 Feb to 4 March), both organised by the HKTDC, have now closed.

The two shows featured a total of more than 4,600 exhibitors and welcomed a record number of over 90,000 buyers from 141 countries and regions, up four per cent over the previous year. More than 35,000 buyers attended the Diamond, Gem and Pearl Show, while about 55,000 visited the Jewellery Show.

During the shows, the HKTDC commissioned an on-site survey that interviewed 1,347 exhibitors and buyers to gauge their business expectations and views on the industry's latest developments.

With the Sino-US trade conflict weighing on the global economy, the survey found that 60 per cent of respondents were neutral or positive about their export performance over the near term, while close to 80 per cent were optimistic or neutral about the prospects of mainland China and the United States resolving their trade issues.

In terms of overall sales, 61 per cent of respondents said they expected to see no change this year, with 33 per cent expecting sales to increase and six per cent anticipating a sales decline. This suggests that the jewellery industry is generally optimistic about its business outlook, despite current global uncertainties.

The survey also found that 47 per cent of respondents expect production or sourcing costs to rise, while 68 per cent anticipate that prices will remain unchanged, 25 per cent expect prices to rise, and seven per cent believe that prices will drop.

Courtesy- MICEBTN



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