This past June, Jewellery & Gem ASIA Hong Kong (JGA), previously known as the June Hong Kong Jewellery & Gem Fair, re-emerged after a three-year hiatus due to the COVID-19 pandemic. The industry was abuzz as the event was not just another jewelry trade show; it was a celebration of craftsmanship, beauty, and the industry's resilience.
JGA is often recognized as one of Asia's most important B2B sourcing events. This year, over 1600 exhibitors from 33 countries were in attendance to show off the latest trends and innovations that have been in the making while events were put on hold, as well as showcase impressive collections of colored diamonds, classic diamonds, gemstones, pearls, finished jewelry pieces, and more.
Although attendance was slightly below that of 2019, this was to be expected as the jewelry industry, like every other industry, attempts to adjust to a post-pandemic existence. That aside, Jewellery & Gem ASIA Hong Kong once again transformed Hong Kong into a hub of glamour and sophistication.
Drawing the most interest from buyers and sellers alike were the dazzling fancy color diamonds and gems, each with its own story. Below, we'll delve into some of the biggest that took center stage at the event, representing what's been popular during the first half of 2023 and what we might continue to see interest in for the rest of the year.
So, what was the star of the show? Fancy color diamonds, of course! These gems are a testament to nature's artistic prowess, with each boasting a unique hue and radiance that sets it apart. From the mesmerizing blues to the delightful pinks, buyers marveled at the sheer diversity of colored diamonds on display.
It's no surprise that colored diamonds are experiencing a resurgence in popularity, as they allow designers to create one-of-a-kind pieces that speak to individual tastes. As more celebrities get engaged or gifted colored diamond jewelry items – from jaw-dropping rings to magnificent necklaces – the status of these natural wonders only increases. Even in the face of an unstable economy, we see demand continue to grow steadily.
Jewelers, brokers, and dealers from all over the world showed extreme interest in purchasing both loose fancy color diamonds and already-made bespoke pieces.
The allure of pink diamonds has stood the test of time, and it seems they will continue to reign supreme if what we witnessed at the show holds true. Our undying love affair with pink diamonds is easy to understand as the stone embodies romance and elegance, making it ideal for engagement rings and anniversary gifts.
Buyers showed a preference for high-quality pink diamonds and jewelry pieces that exhibited the highest level of craftsmanship, indicating that their clientele is most interested in the finest gems. Many pieces that sold were beyond impressive – they were works of art that showed the skill and creativity of jewelry designers. From delicate settings that showcased truly magnificent center stones to pink diamond rings that used an array of side stones to create intricate designs, there was no shortage of special occasion jewelry.
Further supporting the idea that premium stones are the current darlings of the jewelry industry was the interest shown in blue diamonds. Natural blue diamonds are some of the hardest to come by, and those on display piqued a lot of interest. The rarity of blue diamonds is what contributes to their high prices, but instead of deterring buyers, this worked in the stone's favor. After all, many of the end consumers who can afford to own blue diamonds purchase them, of course, for their beauty, but also because they are a symbol of luxury and status. Blue diamonds were featured in some extraordinary necklaces, rings, and bracelets, with stones ranging from the faintest whisper of blue color to the deepest oceanic hues.
When talking to some of our colleagues who deal in gems other than diamonds, they noted they saw increased attention for precious stones, including rubies, emeralds, and sapphires, as well as Paraiba tourmaline, the most expensive of the tourmaline family. Again, that indicates a distinct interest in quality and stones that exude eye-catching colors.
This year's JGA once again proved its status as the ultimate destination for those in the jewelry industry. The bustling exhibition halls spotlighted an industry that is clearly on a forward trajectory, and the insightful seminars offered a glimpse into the innovation that is happening.
We look forward to seeing everyone again in just a few weeks atSeptember's Jewellery & Gem WORLD Hong Kong (JGW). We'll be atBooth 7R18 – stop by to say hello and check out our collection of fancy colored diamonds and jewelry pieces.
Comments will be approved before showing up.