Better show amidst slowdown

Recent pullback in Chinese economy is showing an impact during ongoing 33rd Edition of September Fair in Hong Kong as lesser Chinese buyers were seen at the show.

September Jewellery Fair is known to witness participation from the key players from the world gem and jewellery. Also, the show is also an ideal platform for trading and networking. This year, though the exhibitors have come to the show with little expectations, the show has been little better since it opened to exhibitors on September 16, 2015.

It is a buyers’ show; provides excellent buying opportunities and is considered an effective channel to tap into the Asian market, mainland China and Hong Kong market. The slowdown in China has it diamond industry the most; prices are soft as De Beers and ALROSA have slashed rough prices.

In regards to precious stones, they are not greatly affected by the Chinese meltdown. However, last year’s favourites Sapphires, Emeralds and Rubies are moving slow at the fair. These stones are expected to move better in case the prices are kept soft. Prices of semi-precious stones like tourmaline, rubellite have already witnessed a drop. Even demand has been on a lower side.

Since its opening, the show has witness a good buyers’ turnout but mostly they are fishing around for a deal.

With jewellery fair opening today at the Hong Kong Convention and Exhibition Centre, we expect a better season ahead.