Though somewhat subdued compared to previous years, the 2024 edition of Jewellery & Gem WORLD Hong Kong (JGW), held from September 16 to September 22, continued to reaffirm why it remains the largest and most influential jewellery trade fair globally.
Featuring over 3,300 exhibitors from more than 40 countries, the event attracted jewellers from across the world. Spread across two venues AsiaWorld-Expo (AWE), and the Hong Kong Convention and Exhibition Centre (HKCEC) it offered a vast showcase of innovations, trends, and premium products.
Despite challenges, such as the Mid-Autumn Festival and a tropical cyclone that impacted the turnout, Celine Lau, Director of Jewellery Fairs at Informa Markets Jewellery, noted, "Buyers were cautious, but focused on inventory they could sell quickly, while suppliers sought to expand their customer base and make strategic long-term plans."
Shift in Global Dynamics
Fewer Chinese buyers attended due to ongoing economic issues. Ankit Shah, Director of Ankit Gems, remarked, "There was a significant decline in the number of customers from China and the Far East, compared to previous editions. This was expected given the prevailing market conditions. Conversely, Indian buyers were present in large numbers, driving most of the purchasing activities."
Shreyans Dholakia of Shree Ramkrishna Exports (SRK), added, "We adjusted our inventory to cater to a more global audience. While we expected limited sales conversions, we noticed a rising interest among buyers, indicating a foundational demand in the market. Overall, the increased engagement is a positive sign for the industry's future."
Dholakia also noted a decline in Chinese attendance compared to previous years, but increased interest from buyers from countries such as Philippines and Burma, with visitors from Europe, Japan, and Australia also present.
This story is from the September - October 2024 edition of Diamond World.
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This story is from the September - October 2024 edition of Diamond World.
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