India’s Gem & Jewellery Export Promotion Council (GJEPC) supported the India Pavilion at Jewellery & Gem ASIA (JGA) HONG KONG, staged from 20-23 June, where participants reported steady business in goods ranging from jewellery to polished diamonds and coloured gemstones.
Taking place at the Hong Kong Convention and Exhibition Centre, the show, organised by Informa Markets, is a leading Asian mid-year B2B sourcing platform for the gems and jewellery industry.
The India Pavilion, organised by GJEPC, featured 12 exhibitors showcasing an assortment of Indian-manufactured gem and jewellery products.
Spanning an area of 117 sqm, the India Pavilion highlighted the diversity and craftsmanship that define India’s gems and jewellery sector.
The Pavilion was located in Hall 3FG Diamonds Hall and Hall 3C (Concourse) for gemstones, as well as Hall 1AE for jewellery.
“We did not have big expectations, but the show was good for us,” said Ashay Mehta of Mumbai-based A.J. Mehta & Co. LLP.
“We carry many fancy shape diamonds, and we have had a steady set of regular clients, many of whom are designers, over the years. The clients look for us here at this show.”
Mehta added: “Business overall has been slightly lower, because of a reluctance to stock. People are buying when they need to restock – they restock smaller amounts, more frequently.”
Many of the buyers were high-end Hong Kong-based designers, Mehta added.
Jatin Hariani of Jaipur-based Jatin Gems said business was slower than last year at the show, but he planned to come back next year.
Jatin Gems sells semi-precious gemstone-set jewellery, including brooches and bracelets, for casual wear, to retail buyers.
“Precious gemstones are really expensive now, so semi-precious – like tanzanites, tourmalines, turquoise and amethysts – are doing really well,” Hariani said.
The KOLORS stand was often packed with buyers, who were seeking exquisite natural colour diamonds.
“People are moving into colour diamonds, as prices are holding in this segment, unlike what we have seen in white diamonds recently,” said Ankit Shah of KOLORS, referring to the soft white diamond market.
“We have seen a loss in confidence in white diamonds due to the price changes. Colour, however, is okay – the pricing structure is different.”
KOLORS had sold a 3-carat green diamond to a designer at the show. Such a sale alone would justify the trip from India.
Shah said pink diamonds, notably Argyle pinks whose prices had stabilised lately, continued to be much sought after.
“Argyle pinks are doing well – they are not reflective of the overall diamonds market.”
Mehta added that the Indian domestic market is showing increased interest now in natural coloured diamonds, not only because of the appeal of their colour, but also because of their prospects as a store of value.
Vipul Shah, Chairman, GJEPC, said: “The Hong Kong market holds significant importance for the export of Indian gems and jewellery.
“Participating in Jewellery & Gems Asia Hong Kong provides a vital platform for our exhibitors to showcase the exceptional quality and craftsmanship of Indian products to a global audience.
“We are committed to reinforcing India’s position as a leader in the gem and jewellery industry through such events.”
The India Pavilion at Jewellery & Gems Asia Hong Kong 2024 featured exhibitors showcasing some of the finest in loose diamonds, gemstones and jewellery.
In Hall 3FG, dedicated to loose diamonds, exhibitors included H R Diam (3G623),KOLORS (3G522), Venu Diamond (3G524), and A.J. Mehta & Co. LLP (3G621).
The gemstone section in Hall 3C (Concourse) hosted Chordia Gems Private Limited (3M171), Royal Gems Impex (3M173), and M S Gems (3M169).
In Hall 1AE, which focused on jewellery, exhibitors included Pietre Del Mondo (1B525), Jatin Gems (1B527), Panchoo Jewels LLP (1B426), and Surya Jewellers (1B427).