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In-depth Insights From The Hong Kong Jewellery Show: A Steady Adjustment In The Global Market
Sep 17, 2018

The 36th September Hong Kong Jewellery Show is the largest exhibition in the industry, gathering famous jewellery and gemstone suppliers from all over the world, as well as quality buyers. It is a trading platform integrating inspiration, creativity and opportunity.



To open such a mobile jewelry encyclopedia, we should learn about the international jewelry market and changes:


Visiting the Gemstone Museum, you can find out what gems are currently being promoted by the international community, what gems are popular, what new gems appear, what new mines appear in gems, and the gemstones of different places of origin; visit the brand pavilion and designer corridors to see how others design and display Window design, production process; visit the machinery hall to understand which tools and technologies in the world can improve their craft and efficiency.


In the past two days, Baochuang’s media team has been transferred to the airport and Wanchai exhibition hall to investigate a large number of exhibitors. They also consulted many of their peers’ exhibitors and exhibitions, and shared them with the friends. They hope to benefit the market. .


The color diamond market is eye-catching and consumer demand is rising


In addition to white diamonds, senior jewellery buyers usually collect at least one colored diamond. Small diamond buyers are mainly from mainland China and Hong Kong, both of which are important markets. Small diamonds will continue to flourish this year. Blue, yellow and pink color diamonds above 1 carat are most popular. Among the 50 or fewer small colored diamonds, the best sellers are blue, green and pink.


The brand's most popular products are rich and brilliant yellow diamonds and brilliant pink diamonds, followed by green diamonds and orange diamonds. The rare and precious blue diamonds keep prices rising. The main buyers of light pink and light blue diamonds are a new generation of consumers, most of whom are after 80s. Overseas jewelers generally predict that the color diamond fanatic period is coming.



 


The rise of niche, such as Opal, Spinel, Paraiba, etc.


From the perspective of the jewelry market in the past 10 years, Opal belongs to the type of rapid price increase, but it is not a type of inflation. Among them, there are more factors of appreciation, and there are fewer speculation factors, and the price is a category of “healthy” development.


On average in 10 years, the value of Opal's appreciation is about 10 times. The 50-carat Opal stone, which sold for 300,000 yuan before and after 2001, is now worth about 1.5 million yuan. To this end, most people in the industry believe that Opal is a healthy growth, can buy jewelry on dips. This year's Hong Kong Jewelry Show, Germany's century-old Opal brand Emil Weis booth is very popular and has a bright performance. Ding Hongyu, head of China, said that he is optimistic about the steady rise of the domestic opal market.



 


Opal recognized by the mainstream market


The diverse colors and high dispersion of spinel make gems increasingly popular with consumers. Spinel is suitable for making dinner jewellery, and designers also like to design fashion accessories with spinel. Spinels are particularly popular in the US, Europe and some Asian markets, including Hong Kong, and demand in Asia is also rising. In the past five years, the price has increased several times. The Burmese Jedi Knights were almost all bought by Europeans at a high price. The Tanzanian spinel was sealed by the government, and the output was lowered.


The price of the spinel depends on the size and color of the gemstone. The price of a carat can be hundreds of dollars or more. The quality of the spine with a quality of 15 carats or more can be as high as tens of thousands of dollars per carat. A 2 carat spinel can be sold for thousands of dollars per carat. In the current jewelry world, spinel has been recognized and popularized. Spinel is among the most beautiful and valuable gemstones and has become a trend in our observation of high-end jewellery.


Spinel 220,000 US dollars / grain spinel 220,000 US dollars / grain

At the end of May, Christie's Hong Kong's 'Magnificent Jewels' auction was unsuccessful. One pair of Brazilian Paraíba Tourmaline earrings sold for 21.7 million Hong Kong dollars, which counted nearly 200,000 US dollars per carat, setting the world price of Paraí Barquera. Auction record.


Paraiba's tourmalines have become more and more famous in recent years, not only in the tourmaline family, but also in the entire gem world, but it is actually a "new upstart." As production increases, more and more people know about it. The value of Paraiba has risen from a few hundred dollars per carat to several thousand dollars in a short period of time. After this, Paraiba tourmaline became the "new upstart" raised in the gem world. Since then, the price has risen and the quantity is in short supply. In the past two years, Mozambique goods have become mainstream, and prices have risen steadily. From the perspective of investment collection, it is the best choice.



The emerald market continues to strengthen, and the source of good goods is obviously rising.


The continued strength of the emerald market, a large part of the reasons need to be rooted in the stars of the major red carpet catwalks at home and abroad. For women over the age of 40, there are many people who like emerald rings. In many families in China, emerald jewelry is even considered to be a heirloom. In the current concept of jewelry consumption, basically all women want to have an emerald jewelry.


The outbreak of the domestic emerald market has continued from the Spring Festival Evening last year to the present, the price is also strong, upstream wholesalers and brands are crazy purchases, high-quality Colombian emeralds are even more exotic. The price of 1-2 carats of high-quality MUZO crystals is almost 10,000 dollars. End-users generally have a high awareness of the emerald value of the MUZO origin in Colombia, but the source of MUZO source is low and the price is high. It is said that the powerful merchants are dedicated to the mining area.


On the other hand, the current proportion of emerald products in the retail market is partly from Zambia, and the inventory is relatively short, and the retail price is relatively stable. The price increase trend of the high-quality emerald upstream end will take about one year to be transmitted to the terminal.



 

315-carat emerald 315-carat emerald

Red sapphire prices are firm, high-end market has risen sharply


As the demand for quality rubies increases, some of the best quality Mozambique rubies are also being watched by more and more people. Mozambique ruby is the mainstream of the market. Gemfield and the local government are increasingly strict with the control of piracy. Ruby raw materials can only enter the market through Singapore auctions. This also causes the price of high-end ruby market to rise sharply. The high-quality rubies sold in Thailand are less expensive. .


However, the entire ruby market still retains a large number of low- and medium-quality stocks, especially after the GRS updated the new pigeon blood red standard, the former black pigeon blood has now become deep red, no longer interested.


No Burning Pigeon Blood Red Ruby No Burning Pigeon Blood Red Ruby

Through our usual shopping in the market to buy jewelry, we can also appreciate that the price of sapphire has indeed risen a lot in these years, and the quality is even more difficult to find. Sapphire is well-deserved. It is a hot spot in this year's Hong Kong Jewellery Show. The Sri Lankan exhibition area is still crowded, but the quality is really good. Most Sri Lankan businessmen are helpless and say that they are out of stock!


Due to the impact of the floods in Sri Lanka and the uncertainty in the Madagascar region, the production of sapphire has been low in the past two years. In addition, many consumers still have a misunderstanding. They think that Sri Lanka is generally more expensive than Madagascar in terms of its origin. In fact, when purchasing from the source, there is no difference in the prices of the two producing areas, depending on the quality of the gem itself.


Pearl demand is stable, upstream price hikes ease


Looking back at the Hong Kong Jewellery Show in the last two years, the airport raw material pearl exhibition area is quite popular. After experiencing the stimulation of the end consumer demand, all wholesalers and brands have sufficient stocking. Many merchants said that only the high-end pearls, which account for 5% of the market share, are most popular among buyers, while the mid-range pearls, which account for 30-40% of the market share, have more stocks. The feedback from various manufacturers has gradually accepted the high-end pearl products from the market since last year, and has won the favor of consumers all over the world. From this change in exhibits, it can be seen that the pearl consumer market is constantly upgrading.


At this year's Hong Kong Jewellery Show, Japanese exhibitors generally reported a decline in sales, but prices did not fall. The auction started on the 17th, and the price hike is expected to ease.


Bahrain, the world's natural pearl country, has always been cold and arrogant. This year, it began to appear at the Hong Kong Jewelry Fair, promoting natural pearls and bringing the famous "Cascada of dream" works to the public. Bahrain's Pearl Research Institute For this piece of work to detect and produce certificates on a granular basis, it took $13,000 for a certificate to be produced.



Japan's booth light luxury spot sales are still hot


Careful observation of the peers will find that since the exhibition in September last year, the finished booth Japan has begun to show signs of sales. The main products sold by Japanese exhibitors are high-cost and small-sized goods. The smart and caring Japanese counterparts are equipped with a large number of Chinese salesmen at the booth, directly amplifying the price on the counter and supporting WeChat on-site transfer. Not only that, but also support mobile phone photos and various live broadcasts.


This Hong Kong exhibition, this hot sales atmosphere is still continuing, through the exhibition to buy the sweet jewels of the micro-business, in front of the Japanese booth rushing to the hustle and bustle, attracting more and more people around the exhibition area. Will it be an evolution of the Hong Kong Jewellery Show if it does not accept orders for direct sales? We will wait and see.



Exhibitor survey conducted by the exhibition party in the first half of the year is still worthy of reference


During the Hong Kong International Jewellery Show 2018 and the Hong Kong International Diamond, Gem & Pearl Show 2018, the Hong Kong organizers visited a total of 1,269 buyers and exhibitors at the venue. According to the survey results, K gold is still the most popular precious metal in 2018, among which rose gold and white gold are the most popular. In addition, the popularity of platinum is expected to increase significantly.


Respondents believe that diamonds are still the most popular gemstone this year. In terms of the 4C grade of diamonds, the most popular ones are expected to be 1 card, colorless, round cut and high clarity (no flaws to very slight grade 2) diamonds. In addition to diamonds, jade and aquamarine are also expected to be popular gems in 2018.


Most popular precious metals and precious stones


Most respondents expect K gold to remain the most popular precious metal in 2018. 45% believe that rose gold is the first choice for consumers, and 37% and 32% respectively expect that platinum and gold are most popular among consumers. Platinum has surpassed the yellow K gold, and 37% of respondents believe that platinum is the consumer's first choice. In addition to the white gold, the popularity of all types of precious metals is expected to be higher than in 2017.



In 2018, diamonds remained the most popular gemstone, with 61% of respondents pleasing (up 20% from last year). In 2018, the proportion of respondents who chose jade, aquamarine, pearl, citrine and amethyst increased; however, the proportion of respondents who chose ruby and amber decreased slightly.



The majority of respondents (75%) said that the '18' jade is still the most popular type of jade in 2018. However, pearl traders disagreed, with 37% of respondents saying that Nanyang pearls were the most popular, 30% chose Japanese cultured pearls, and another 20% chose freshwater pearls.



Diamond trend


In terms of diamond jewelry design, 47% of respondents believe that single diamonds and broken diamonds are the most popular styles in 2018, accounting for a higher proportion of respondents than single diamonds. In the 2017 survey, single-drilling was the most popular, but only 35% of respondents this year were favored. In terms of diamond jewellery, the claw setting is still the most popular. The proportion of respondents who have this opinion has rebounded from 27% last year to 36% this year, followed by borderless inlays, micro-inserts and forced inlays. The proportion of respondents has decreased significantly.


In terms of the weight of diamonds, this year's 1 card is still the most popular, far away from other cards, followed by 50 to 99 copies. The popularity of other card count diamonds has dropped significantly, showing that more consumers prefer the above two card counts this year.


As for the color of diamonds, respondents also have two major preferences. Compared with last year, colorless diamonds and white diamonds were supported by more respondents, with a significant increase.


In terms of diamond cutting methods, traders still prefer round cut diamonds in 2018. However, the proportion of respondents who are optimistic about heart-shaped and goose-cut diamonds has increased compared with last year, while the proportion of other types of cutting methods has been reduced by respondents.


In terms of clarity, 70% of respondents expect that the high purity in 2018 (no sputum - very slight  level 2) is the most popular, while the respondents who choose medium clarity (slight  level -  level 1) The proportion has fallen by almost half.


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