HONG KONG, July 29, 2021 – (ACN Newswire) – The 37th HKTDC Hong Kong Global Jewellery Relate and Seventh HKTDC Hong Kong Global Diamond, Gem & Pearl Relate, organised by the Hong Kong Change Constructing Council (HKTDC), concluded lately. Apart from to commerce merchants, the dual shows were furthermore starting up to jewellery-loving public guests for the first time this year. The five-day shows attracted more than 13,700 enterprise merchants and over 17,000 public guests who came to explore and decide a intellectual option of knickknack products. The dual shows furthermore flee on-line unless 5 August to allow global jewellers and merchants to know in enterprise talks thru video conferencing, with more than 1,200 on-line conferences between exhibitors and merchants organized. As of 29 July, the receive version of the shows recorded some 2,500 merchants exploring products and conducting enterprise discussions on-line.
Recuperating purchasing vitality creates original alternatives
With the pandemic altering the worldwide economy and global toddle back and forth restrictions disrupting unparalleled enterprise toddle back and forth, enterprises want to habits unhealthy-border enterprise thru each and every on-line and bodily channels. Benjamin Chau, Acting Executive Director of the HKTDC, acknowledged: “An independent look accomplished on-build aside discovered that 44% of the interviewed exhibitors and merchants thought of enterprise toddle back and forth restrictions at some stage within the pandemic because the supreme fresh exclaim. On a more particular display, 31% and 19% of respondents respectively believed that the recuperating purchasing vitality of customers and enterprise leads driven by e-tailing stands out as the necessary supply of as a lot as the moment enterprise alternatives this year.”
Mr Chau persevered: “The HKTDC is adopting a arrangement that clearly aligns with the look outcomes. Addressing each and every exhibitors’ wants and market traits, we made a swift resolution to starting up the dual shows to public guests for the first time. This has enabled exhibitors to be triumphant in out to more retail purchasers and expand their customer inferior. Also, the truth that the 2 shows flee in a particular bodily and on-line structure for the first time has helped to non-public more enterprise alternatives for merchants.”
At some level of the shows, the HKTDC accomplished an on-build aside look in which more than 800 exhibitors and merchants were interviewed. The look discovered that merchants and exhibitors stay cautious relating to the market outlook, with 54% of respondents ready for overall gross sales to diminish this year and handiest 29% anticipated gross sales to remain unchanged. By formula of sourcing costs and manufacturing costs, 45% of respondents acknowledged they were below more stress. No subject this, more than half of them (54%) anticipated that retail costs will stay unchanged.
Diamond jewellery items were the most traditional products purchased at the shows
Relating to the affirm prospects for jewellery products in necessary international locations and regions over the next two years, respondents thought of that North The United States (41%), Western Europe (33%) and Hong Kong (31%) were basically the most promising aged markets, whereas Mainland China was thought of by 51% as basically the most promising emerging market. Hong Kong was recognised by interviewed merchants as an supreme sourcing hub, with quality (75%), employ of discipline subject (73%) and services (71%) being the three most most traditional aspects.
By formula of standard product courses, the look discovered that fair about half (49%) of the respondents favoured karat-white gold, followed by karat-rose gold (42%) and karat-yellow gold (38%). Diamonds remained the most traditional (54%) amongst all gems.
Half of the respondents anticipated as a lot as the moment vogue jewellery to like the supreme market possible. The look furthermore discovered that 28% of public guests interviewed had spent more than HK$10,000 every on-build aside and that diamond jewellery items were the most traditional products (51%) purchased at the shows.
Exhibitors worth jewellery shows as efficient enterprise platforms
The dual shows were the first two bodily commerce fairs staged by the HKTDC since the pandemic began, creating enterprise alternatives for exhibitors and merchants alike.
A Hong Kong exhibitor, Gorgeous Gold Company Restricted, joined the Jewellery Relate for the first time this year. Arthur Tang, the firm’s Managing Director, Bigger China, shared that the level to was an efficient enterprise platform that helped their firm give a boost to its branding and amplify market exposure. “We promoted our original designs as properly as particular collections for our 30th anniversary. Quite a lot of merchants approached us to enquire more about our products. We like already concluded some enterprise deals and the response has been encouraging,” acknowledged Mr Tang.
But any other exhibitor, Yvonne Pong, Director, Fly Dangle South Sea Pearl Company Restricted, thought of the Jewellery Relate because the supreme build aside to advertise their pearl jewellery collections and pressure original enterprise. “Customers like our classic designs, and jewellery with gold-coloured pearls is notably sought after. The response has been greater than anticipated. We like met some quality merchants, including a quantity of as a lot as the moment customers,” she acknowledged. “The HKTDC has done an gorgeous job making the level to successful regardless of the pandemic. I’m confident the level to will web even greater, with more international merchants coming to supply products as soon as toddle back and forth restrictions are lifted.”
An enviornment buyer, Edmond Chan, Head of Jewellery Asia, Luxeford Hong Kong Restricted, was ecstatic to imagine the Jewellery Relate being staged again. “We specialise in purchasing excessive-quit jewellery and watches. I’m here purchasing for partners and to search out true kind products. I’ve already discovered an exhibitor to explore cooperation with whose jewellery sequence boasts some famed designs,” he acknowledged.
A host of activities were held at some stage within the 2 shows, including seminars on changes that the pandemic and on-line marketing like delivered to the jewellery enterprise supply chain, a chain of educated talks tailor-made to handbook the general public on the appreciation of rare-coloration diamonds and pearl overview suggestions, jewellery trim bidding session, workshop, fortunate attracts and jewellery parades. These events no longer handiest facilitated the unreal of market intelligence amongst enterprise gamers, but furthermore enhanced public knowledge about gems and jewellery products.
Physical version of Global Sourcing Relate ends at the same time as
The bodily version of the HKTDC Global Sourcing Relate furthermore ended lately, the 4-day level to attracted over 14,000 merchants to support or explore products on-line. To merit local exiguous and medium-sized enterprises (SMEs) take enterprise alternatives, the HKTDC contacted quality merchants thru its network of 50 offices worldwide and organized shut to 1,100 enterprise matching conferences at some stage within the bodily level to.
This bodily version of the Global Sourcing Relate was complemented by an on-line element, which began in March, enabling merchants to preserve related each and every on-line and offline and boosting enterprise alternatives at some stage within the pandemic.
Gorgeous Web sites:
– Hong Kong Global Jewellery Relate: https://hkjewelleryshow.hktdc.com
– Hong Kong Global Diamond, Gem & Pearl Relate: https://hkdgp.hktdc.com
– Global Sourcing Relate: https://isshow.hktdc.com
– Photo regain: https://bit.ly/3x6UrTR
About the HKTDC
The Hong Kong Change Constructing Council (HKTDC) is a statutory body established in 1966 to advertise, merit and construct Hong Kong’s commerce. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-formula global funding and enterprise hub. The HKTDC organises global exhibitions, conferences and enterprise missions to non-public enterprise alternatives for companies, notably SMEs, within the mainland and global markets. The HKTDC furthermore gives up-to-date market insights and product recordsdata thru learn reviews and digital recordsdata channels. For more recordsdata, please recount over with: www.hktdc.com/aboutus.
Media Enquiries:
HKTDC Communications & Public Affairs Department
Agnes Wat, Tel: +852 2584 4554, Electronic mail: [email protected]
Janet Chan, Tel: +852 2584 4369, Electronic mail: [email protected]
Topic: Change Relate or Convention
Source: HKTDC
Sectors: Change Exhibits, Trend & Apparel, Watches & Jewellery, Native Biz
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