The Show Must Go On

Solitaire - - EDITORIAL - Ed­i­to­rial Team Email: soli­taire@gjepcin­dia.com

The Oc­to­ber is­sue fo­cuses on three of the mid-year’s most awaited trade fairs in the Asian re­gion – the Hong Kong Jew­ellery & Gem Fair, the Bangkok Gems & Jew­ellery Fair, and the Jewellers As­so­ci­a­tion Show (JAS) in Jaipur. The Hong Kong fair had raised con­sid­er­able ex­pec­ta­tions, with a record num­ber of ex­hibitors par­tic­i­pat­ing in the event. How­ever, na­ture played spoil­sport as typhoon Mangkhut hit the city with all its fury, bring­ing the show to an abrupt halt. Al­though the show re­opened af­ter the storm, the dam­age was done, as many ex­hibitors and vis­i­tors had packed up early be­fore the full im­pact of the typhoon could be felt. Read US-based jour­nal­ist Cyn­thia Un­ni­na­yar’s first­hand ac­count of the Hong Kong show in the Cover Story.

In Trade Fair, Cyn­thia also cov­ers the pre­ced­ing Bangkok fair and show­cases the best­selling gem and jew­ellery items at the event. Gem deal­ers and sil­ver jew­ellery ex­hibitors fared bet­ter than most, she ob­served. Nearly a fifth of sales were gen­er­ated dur­ing the fi­nal two days when the show was thrown open to the pub­lic at large. Sim­i­larly, the JAS 18 show at­tracted 25,000 con­sumers and a lit­tle over 5,000 trade buy­ers at the Jaipur Ex­hi­bi­tion & Con­ven­tion Cen­tre in Si­ta­pura.

Mean­while, the GJEPC wel­comed the gov­ern­ment’s move to in­crease the im­port duty on jew­ellery ar­ti­cles from 15% to 20%, say­ing it would boost lo­cal jew­ellery man­u­fac­tur­ing. How­ever, the Coun­cil warned that the in­creased cus­toms duty on semi-pro­cessed, half-cut or bro­ken di­a­monds, and cut and pol­ished coloured gem­stones from 5% to 7.5% would in­crease costs and im­pact ex­ports.

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