Hong Kong Jewellery Show
Trading at the June Hong Kong Jewellery & Gem Fair, which took place between June 19 and 22, came in below expectations as the event failed to boost sales during the traditionally slow period of the year. Exhibitors noted that buyers were looking for specific items to fill immediate orders but they avoided inventory purchases.
Suppliers reported that they faced price resistance from buyers, who were generally looking generally for bargains and displayed no real urgency to buy. Sellers were unwilling to lower prices as their profit margins from polished diamond sales have been squeezed by higher rough prices.
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