Hong Kong Jewellery & Gem Fair September 2014

Hong Kong Convention and Exhibition Centre
HALL 5F-111
Exhibition Information

September Hong Kong Jewellery & Gem Fair 2014 was held at the Hong Kong Convention & Exhibition Centre from 17/09/2014 to 21/09/2014 for 5 days.

On August 31st, NPC Standing Committee of China’s National People’s Congress in Hong Kong determined institutional reform to choose the chief executive (the top of the Hong Kong Government),which would probably become virtually eliminate the candidacy of Democratic faction.As a result that a person close to Chinese Government will be elected, Democratic faction of Hong Kong has strong opposition to this, and went on a sit-down strike at the Central where financial institutions are concentrated. In spite of threatening to paralyze the international financial centre to draw concession, NPC did not give an answer. Therefore, the bigger sit-down strike will be expected at the central in September. Typhoon signal 8 was hoisted on 16th, and the entire town was closed. September show had started under this kind of condition, including China’s economic downturn, and we had worried about.

However, soon after the show began, the situation had become different than what we expected. We had the impression that there was no economic downturn in China by having many buyers from the early morning.Regardless of luxury items or cheap items, buyers struggled with each other to get what they wanted. In particular, the Japanese company’s booth seemed crowded with many buyers than previous years.One of the reasons was that rapid depreciation of the yen which caused tail wind to the Japanese companies during this fair. Triggered by the perspective of policy interest rate announced by the US Federal Reserve Board (FRB), anticipation of rise became concrete. Also from the observation that the monetary easing by the Bank of Japan would be carried out and the interest rate difference between Japan and the United States would expand further in the future, pushed yen to be sold and dollar to be bought. Yen became ¥119 against $1, first time in 6 years. As a result, Japanese companies got a chance to reduce the price in dollar and to sell easier.

This time, I felt the big difference between Japan and the other countries. Price of our deal merchandise has risen surely, but foreign buyers had expected the price to rise furthermore, and their idea was to buy merchandise before price would go up. Many buyers requested us to prepare much more goods at the next exhibition and this voice gave us an encouragement.

We will strive hard to meet your requirement. And we are looking forward to see you at the next exhibition. Also, we would like to give our sincere gratitude to who visited us at this fair. Thank you.