The Israeli diamond industry will again be out in force at the Hong Kong International Jewelry Manufacturers’ Show, to be held November 26 - 29 at the Hong Kong Convention & Exhibition Centre.
Israel had a national pavilion at the show last year for the first time. This year the Israeli Diamond Pavilion, organized by the Israel Diamond Institute (IDI), will host 27 companies, 10 of them participating in the show for the first time.
The Hong Kong Jewelry Manufacturers’ Association (HKJMA)-rganized show features fine jewelry, loose diamonds, pearls and colored gemstones. It attracts buyers from mainland China, Taiwan, the Philippines, Indonesia and other parts of Asia Pacific. The timing of the show enables buyers to stock up on last minute purchases before the busy holiday season.
The IDI’s 'Find Your Diamond' system, which enables buyers to search a computerized database for exactly the goods they seek among the Israeli exhibitors, will be available at a dedicated terminal at the pavilion. Find Your Diamond is available in both English and Chinese. Buyers are now also able to access Find Your Diamond on their smartphones.
Asia accounts for about 30% of Israel’s total exports and is the country's second-largest market for polished diamonds, . Hong Kong trade shows have been a strategic focus for the Israeli diamond industry for many years, and IDI has organized huge national pavilions at shows in March, June and September. Last year the HKJMA show was added to IDI’s trade show calendar and it has been welcomed as an additional opportunity to meet Asian buyers.
IDI Chairman Moti Ganz said that he was pleased that Israeli diamond companies were returning to the show. “With the addition of the HKJMA show, we’re able to offer Israeli companies an additional opportunity to exhibit in Hong Kong. Asia is a strategic market for the Israeli diamond industry. While these markets have undergone a slowdown they are still growing and we are optimistic about this show,” Ganz said.
IDI Managing Director Eli Avidar also expressed optimism concerning the show. “Based on our experience at the September show in Hong Kong, we are looking forward to a good show for our diamond exporters. The timing will enable buyers to fill their last minute holiday season diamond needs,” he said.