As promised here’s the “diddy” about the Hong Kong Jewellery & Gem Fair 2013. Throughout the year there are a few shows which give us a clue to the direction the antique jewelry and diamond business are going. We always pay attention to the Miami antique show in January, and the Hong Kong show in September.
The Hong Kong show gives us a signal whether our friends from the far east are going to be buyers for the upcoming year, or not.
At this moment our friends from India are not strong buyers. With the
Rupi devalued by approximately 20 percent, they did not show up. Also, our friends from china were very quiet too, with the real estate market going down they were not buyers. High color VV diamonds were not moving and low color VVD diamonds were not moving either. Fancy colors are still very strong and diamonds for the United States, such as SI1-SI2 goods, are holding there own.
This brings us to the estate and antique jewelry business. We saw an increase in demand in this area. Throughout the world it seems, to us, that antique engagement rings are moving, in addition to there being a low supply in beautiful antique necklaces and earrings. As long as the supply of fine estate jewelry is low, the prices will stay strong.
Looks like actresses in Hollywood are buying antique engagement rings
and when the public sees this they want it also.