![]() ![]() “Everyone who I met was very happy to be back in Hong Kong Hong Kong opened up,” said Rishi Mundra, managing director of Hong Kong diamond manufacturer and trader Stellar Group HK. The government’s choice of March 1 appears to have been a coincidence, but exhibitors felt it was an important signal that the city had moved on from the Covid-19 pandemic, even though many attendees still wore face coverings voluntarily. ![]() Indeed, the first day of the Hong Kong International Jewellery Show and Hong Kong International Diamond, Gem & Pearl Show coincided with the end of the municipality’s mask mandate, which had been in place for more than two-and-a-half years. Hong Kong has also been easing its containment measures over the past months. This enabled retailers, dealers and jewelry manufacturers to travel following three years with few opportunities. The Chinese government ended its zero-Covid policy in December, and, in January, made the important move of opening the border with Hong Kong. Mainland demand had been at a near standstill since mid-2022, when the country imposed several lockdowns to reduce the spread of the coronavirus. However, for some people the show went very well.” Opening up “People had created a big hype that everything would change, but the market takes time to get into the mood,” said Nilesh Chhabria, chief operating officer at Indian polished manufacturer and sightholder Finestar Jewellery & Diamonds. However, despite packed floors, actual sales appear to have been limited. Chinese buyers came in large numbers to meet suppliers, view goods and check out prices, exhibitors reported. The diamond and jewelry industry returned with enthusiasm to the March Hong Kong shows, the first major international fairs in the municipality since the Covid-19 pandemic. The recent exhibitions saw strong footfall, but buyers’ price expectations made sales difficult. ![]()
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