Strong Turn Out Of Israeli Diamond Firms Expected At Hong Kong Show
September 04, 14
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The pavilion, organized by the Israel Diamond Institute (IDI), will extend over more than 1,200 square meters at the September 15-19 show and will feature 96 companies – seven more than last year. There will also be about 30 additional Israeli companies exhibiting locations throughout the show.
This year’s pavilion, although expanded, was not able to meet the demand by Israeli companies to participate in the September show. A waiting list included close to 40 companies who were not able to participate.
The Israel Diamond Pavilion will be located in Hall 7, 9 and 11 of the Asia World Expo. A special lounge area for buyers will be located at the heart of the pavilion. The IDI Lounge will have computer terminals featuring its Find Your Diamond system. The computerized database of all goods offered by Israeli exhibitors at the show enables buyers to easily locate exactly the goods they are seeking.
This year IDI will again be sponsoring the show’s opening reception.
The Israeli Diamond Industry sees Asian markets, led by Hong Kong, as one of the most important long-term growth areas for Israeli diamonds. Hong Kong is today Israel’s second-largest market for polished diamonds after the United States, representing close to 30 percent of Israel’s total polished exports. Israel’s net polished diamond exports to Hong Kong reached $1.7 billion in 2013.
IDI Chairman Moti Ganz said that the Israeli Diamond Industry sees a great future for Israeli exports to Asian markets. “We see Asia, with Hong Kong as its leading entry point, as a vast and largely untapped market for diamonds. Our experience to date in Hong Kong, China and other markets has shown that we have only begun to scratch the surface,” he said.
IDI Managing Director Eli Avidar said that he was optimistic at the prospects for an active show. “The September Hong Kong trade fair is the largest in Asia, and the Israeli Diamond Industry will be out in full force. Our diamond companies are experienced in these markets and will be bringing goods that are especially geared to Asia. Based on our previous experience we are quite optimistic that this will be an excellent show,” Avidar stated.