Global demand for gems and jewelries is expected to expand by 6 percent per year through 2019 amid rising incomes in China and the Middle East, the Hong Kong Economic Journal reported Wednesday, citing the Trade Development Council.
The TDC, the city’s international marketing arm, is hosting two jewelry exhibitions next month. Some 4,300 exhibitors are attending, or an increase of 12 percent from a year ago.
Newcomers from the Czech Republic and Qatar will join sellers from 50 other countries at the Hong Kong International Jewellery Show. The show will devote one expo to raw gemstones, pearls and diamonds, and another for finished products.
Benjamin Chau Kai-leung, TDC deputy executive director, said some 1,800 Hong Kong-based suppliers of gems and jewelries will attend the show, a record high.
TDC adviser Benedict Sin expects Hong Kong’s jewelry exports to see a single-digit growth this year, driven by orders from the Middle East and other emerging markets.
Last year the city exported HK$61.4 billion worth of precious metals, pearls and jewelries, up 8.4 percent from 2013.
The United States, Europe and Asia accounted for 27 percent, 28 percent and 26 percent of last year’s exports in terms of value.
Translation by Vey Wong
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