The Israeli Diamond Industry will be one of the largest participants of the Hong Kong International Jewelry Show, which will take place between March 5-9. This year's show will see, the Israel Diamond Pavilion, organized by the Israel Diamond Institute Group of Companies (IDI), be the largest national pavilion.
The Israeli Diamond Pavilion will feature 60 companies, 20 of them first-time exhibitors. Twenty additional Israeli companies will be exhibiting in various locations throughout the show.
Look for real-time updates from the show in IDI posts on Twitter, Facebook and Flickr.
IDI sources say that the unprecedented participation of Israeli companies asserts the overwhelming interest the Israeli diamond industry is getting in the Asian markets.
The Israel Diamond Pavilion is located in Hall 3F. IDI’s information booth is located at 3FF29 in the heart of the pavilion and will provide background on the Israeli diamond industry, as well as help buyers find their way throughout the pavilion.
An online mini-site, which can be accessed through the IDI portal, enables buyers to visit the pavilion virtually prior to the show. The mini-site includes contact details of all Israeli exhibitors, including those not participating in the pavilion, as well as a map indicating their location at the show.
Hong Kong is Israel’s second largest market for polished diamonds, representing 26% of total polished diamond exports in 2009. Net exports of polished diamonds to Hong Kong in 2009 came to $1.043 billion.
IDI Chairman Moti Ganz said that now more than ever, Hong Kong, as the gateway to the Far East, is a major focus for the Israeli Diamond Industry: “For many years we have developed excellent relations with diamond companies in Hong Kong and other parts of the Far East.
This will certainly develop as these markets are showing impressive growth. We see the Far East as the direction of the future for Israeli diamond companies and we are working hand in hand with the industry to promote these efforts."
“Our industry, which is known for its flexibility and adaptability, is seeking to expand its efforts in these markets. This explains the huge participation of Israeli companies in this show, many of them for the first time," IDI Managing Director Eli Avidar said, adding that the Far East, with Hong Kong leading the way, represents a growth market for Israeli diamond exports now and in the future.
Avidar was also optimistic about the long term prospects for Asian markets: “China has evolved into an independent market for luxury goods and jewelry, with a great amount of wealth being created. In the coming years we believe that China will become an important consumer of polished diamonds, and we are focusing our marketing strategy on developing this as well as other markets."
According to Avidar, IDI’s Hong Kong office was spearheading efforts to enhance trade contacts with the region. In addition, he noted that IDI’s Chinese-language portal site has become an important vehicle for facilitating direct contacts between these countries.