Buying, Selling and trading Jewelry, Watches and Diamonds

Raymond Lee Jewelers

‘Rapid Reporting’

Top of the morning to you, everybody. I trust that everyone has rested up and recharged their batteries, ready to dive into a paramount and productive week. 🙂

If not, please go grab yourself a nice hot cup of coffee, send me one, and let’s get to some seriously ‘Rapid Reporting‘ of the June Hong Kong Jewellery & Gem Fair 2011 recap.

Hong Kong Jewellery and Gem Fair 2011

On the final day of The June Hong Kong Jewellery & Gem Fair, one of the top three jewellery shows in Asia, held at the Hong Kong Convention and Exhibition Center, had already been attended by 19, 968 visitors.  According to JewelleryNetAsia.com, the number of both unique and return attendees to this years June Hong Kong Jewellery & Gem Fair had shown an increase of 21.5%, compared to the statistics of last June.

From the first day of registration, where overwhelming lines and unexpected spikes in visitors surprised event coordinators, a foreshadowing of one of the most successful years for the Jewellery & Gem Fair was underway. On the first day of the fair, June 23rd, the Antique Jewelry Hall required an additional floor of exhibitor space to accommodate the heightened intrigue with antique jewelry.

By the time press releases from Asia could be found online, initial reports related to the jewelry fair were enthusiastically announcing the June Hong Kong Jewellery & Gem Fair 2011 had opened to a record breaking turnout of buyers, exhibitors and enthusiasts.

HONG KONG, June 23, 2011 /PRNewswire-Asia/ — June Hong Kong Jewellery & Gem Fair 2011

Jime Essink, President and CEO of UBM Asia said: “We are delighted that the June Hong Kong Jewellery & Gem Fair hits a new record high of 1,600 exhibitors this year, a 25% rise on 2010. This further confirms that jewellers around the world recognise the value of joining the June Fair.”

Celine Lau, Director of Jewellery Fairs, UBM Asia Ltd said: “The June Fair is an important event in the trade show calendar. To mitigate the risk of holding too much stock, buyers prefer to make more frequent sourcing trips. This propels the growth of the June Fair which presents buyers with the opportunity to source from quality suppliers from around the world every mid-year.”

Over 60% of those attending the Jewellery & Gem Fair in Hong Kong traveled from overseas, just as Raymond Lee Jewelers did. The June Hong Kong Jewellery & Gem Fair 2011 attracted more than 1,596 companies from around the world, with 19,968 visitors from 102 countries and regions having visited the fair before the final day had commenced. The top five of those visiting countries include China, India, Taiwan, Philippines and Thailand.

Statistics Provided by JewelleryNetAsia.com Numbers of Visitors as Reported by the June Hong Kong Jewellery & Gem Fair: Day one: 9, 835 Day two: 5, 771 Day three: 4, 362

Cartier Hong Kong

 In addition to the incredible turnout of the June Hong Kong Jewellery & Gem Fair, the trip of our President and VP to Asia proved to include a surprise set of front row seats of the strengthening overseas economy. Just as the diamonds, pearls and gemstones from all over the world were illuminating the streets of Hong Kong for the Jewellery & Gem Fair, the prevalent and increasing use of the euro as currency seemed to shed a bright light on the dedication of  both China and Japan, Asia’s first and second largest economy and foreign exchange reserves powers, to bring financial stability to Europe.

As China’s most valuable economic partner, Europe is being strongly supported in Asian markets. Several reports have been published recently by French media outlets, confirming that the Chinese have taken several different actions which show their support and dedication to the financial recovery of Europe.

Japanese Finance Minister Yoshihiko Noda 21, also said it would continue through the purchase by the European Financial Stability Fund bonds, etc., to help Europe deal with the debt crisis.

Having traveled from The States, where citizens have spent the past few years fighting a seemingly endless battle for survival through grave economic uncertainties, the scenery of Hong Kong was something so far from the picture of pinching pennies. In the photographs my boss was able to send, it is clear to see upon first glance the current state of world economy, captured in the images of consumers in Hong Kong.

Locals of Hong Kong, and those who traveled from China’s mainland in avoidance of the sales tax, formed lines which wrapped around the block, eagerly awaiting to enter the retail priced storefronts of such names as Cartier, Chanel and Gucci. Business was booming, and not just at The June Hong Kong Jewellery & Gem Fair… Business in Hong Kong seems to be booming everywhere!

Louis Vuitton Hong Kong

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