An expansive selection of top-quality gemstones and fine jewellery dazzled buyers at the 30th edition of the June Hong Kong Jewellery & Gem Fair.
Renowned as one of Asia’s top three fine jewellery events, the fair featured almost 2,100 exhibitors from 40 countries and regions who displayed a comprehensive collection of fine finished jewellery, diamonds, pearls, coloured gemstones and packaging products, tools and equipment. This year’s edition also showcased an enhanced product portfolio that included fashion jewellery and stainless steel jewellery.
The CORE Pavilion – a dedicated area for jewellery companies that have supported jewellery and gem fairs in Hong Kong over the years and consider Hong Kong as the platform from which they grow their businesses – was likewise unveiled at the show.
Taiwan-based Rare Gems presented its latest collection of gem-quality rubies and sapphires. One of the gemstone expert’s finest offerings was a rare, unheated 5.04-carat “Pigeon’s blood” Burmese ruby, according to company owner Monto Badhalia.
The 5.04-carat “Pigeon’s blood” Burmese ruby was described in a GRS report as a stone possessing of a “very rare combination of size (5.04 carats), excellent colour variety, good brilliancy and transparency, and spared of thermal enhancement. Important Rubies from Mogok over 5 carats are rarities.” The ruby was valued at $500,000 or about $100,000 per carat.
Rare Gems also showcased a selection of one-of-a-kind unheated sapphires, including a stunning ring set with a 19-carat Sri Lankan sapphire adorned with pear-shaped diamonds. Valued at around $100,000, the sapphire can also be worn as a pendant.
“We have established very good connections with miners and gemstone manufacturers, and this is the reason why we have access to very rare gems,” Badhalia said. “I have been dealing in Burmese rubies for the last 25 years. Whenever a top-quality stone is recovered, the miners call me right away.”
An extensive selection of rubies and sapphires ranging from calibrated goods and spectacular single stones to eye-catching layouts, meanwhile, graced the display windows of Sukhadia Stones Co Ltd of Thailand.
The company presented an 11.81-carat no-heat “Pigeon’s blood” Burmese ruby and a 9.02-carat no-heat “Pigeon’s blood” ruby from Mozambique. The company also offered a wide range of calibrated goods.
According to Managing Director Chiku Sukhadia, the company was targeting buyers from Hong Kong, China and other Asian markets at the show.
Sukhadia said demand had slowed down this year for big-ticket items costing over half a million dollars. The market, instead, was opting for smaller-sized stones of good quality. “The bulk of our business this year has been in calibrated sizes. The Chinese market has been asking for top-quality, calibrated rubies and sapphires. Of the single stones, demand has been stronger for those sized from 2 carats to 8 carats,” he noted.
Diamonds likewise made waves at the show. Diamond dealer Khyati Gems (HK) Ltd drew buyers’ attention to its stunning collection of Argyle blue and pink diamonds between 5 and 20 points and yellow diamonds from 0.50 carat to 10 carats in all colour intensities.
Company director Jayesh Kavathiya noted that demand for and prices of fancy yellow diamonds have softened in the past year, but pink diamonds were still moving well. “People have been buying on an order-basis rather than to build stock. The smaller stones are currently our top sellers but there is still also demand for special stones,” he remarked.
Perles Ternat of Hong Kong, meanwhile, shone the spotlight on an expansive selection of conch pearls.
According to Bertrand Ternat, owner of Perles Ternat, demand for top-quality conch pearls has been on the rise, with prices and market reach doubling over the past 10 years.
“A conch pearl is a natural pearl from the Caribbean. These pink pearls have gained immense popularity over the years and continue to find their way in the fine jewellery collections of major designers and jewellers,” noted Ternat.
Perles Ternat has a solid customer base in Asia, particularly China, Hong Kong, Japan, South Korea and Taiwan. The company also has clients from the US and Europe.
“There’s also a big potential in Southeast Asia. I see more and more people from Indonesia, Malaysia and Thailand becoming interested in conch pearls,” continued Ternat.
Classic and elegant designs
Jewellery manufacturers and designers also displayed their creative flair at the June Hong Kong Fair.
A sparkling collection of fine diamond and coloured gemstone jewellery top-billed Hong Kong-based Universal Jewellery Co Ltd’s product offerings at the show.
According to Lydia Kwan, director of Universal Jewellery, the company also showcased a special collection of jadeite and diamond jewellery in refined designs.
Established in 1947, the jewellery manufacturer is known for its fine jewellery pieces featuring an elegant combination of classic and contemporary designs. It specialises in top-quality coloured gemstone jewellery adorned with diamonds, sapphires, rubies, emeralds, jadeites, opals, pearls and aquamarines.
Universal Jewellery trained its sights on the US, European and Southeast Asian markets at the fair.
Kwan also cited more stability in the jewellery industry, compared to last year, adding that opportunities still abound even during challenging times. “We are always looking for ways to further strengthen the business,” she added.
Ultimate Jewels Co Ltd of Thailand, meanwhile, impressed buyers with its vast selection of diamond jewellery in 18-karat gold in classic designs.
Ultimate Jewels Director Samir Patel said the company eyed potential clients from the US and Europe at the fair. The company’s major market is the Middle East.
The jeweller offered diamond necklaces and statement rings in traditional designs, featuring Ultimate Jewel’s signature illusion setting using baguette and round diamonds. “Classic jewellery pieces never go out of style and are always highly sought after,” he noted.
The company’s main product is 18-karat white gold jewellery, adorned with G- to H-colour diamonds of VS quality. Among its most popular products are long necklaces, pieces with various fancy-cut diamonds as well as earrings, ring and necklace sets.
Turkish jewellers, meanwhile, presented a vast collection of gold and diamond jewellery. According to the Turkish Jewellery Exporters’ Association (JTR), Turkey aimed to further expand Turkey’s market reach in Asia, Europe and North America with the participation of 21 major companies at the Turkish Pavilion.
JTR’s Fatih Saricaoglu said the pavilion hosted 11 gold and diamond jewellery manufacturers, and 10 mounting companies. There were also eight other Turkish companies that participated in the show.
Su-Raj Inter Gold (HK) displayed an eclectic selection of sophisticated diamond jewellery offered at competitive prices.
According to the company, price-point items are highly sought after by clients who want value for their money.
“We recognise that buyers have become more selective and price-conscious, and since we always aim to stay ahead of the competition, we have developed an expansive line of price-point products that sports a big look but is more affordable. These items move the fastest,” noted Su-Raj.
The company unveiled a number of new collections at the show including Monalisa, Embrace, Woo, Mirrari, Glide and 3 Generation studs.
“Despite challenging times, we remain upbeat about business prospects at this year’s trade fair. We take pride in the quality of our products as well as our business model, which is very transparent,” added the company.
Su-Raj said its strength lies in its customers, adding that their loyalty, support and cooperation aid the company in developing new designs and keeping its competitive edge.
“Our relationship with our customers goes beyond the delivery of products. We go out of our way to give them after-sales services by helping them effectively market product concepts, for instance. We provide them catalogues to help them explain the products to their customers with ease and confidence, and sell faster,” remarked Su-Raj.
The manufacturer revealed that it likewise regularly invests in modern machinery to further strengthen its production process. Su-Raj has a strong customer base in Asia.