MAJOR ISRAELI DIAMOND PRESENCE AT HONG KONG JUNE
Ramat Gan, Israel, June 9, 2016: The Israel Diamond Institute Group of Companies (IDI) will host 50 companies this year in its diamond pavilion at the June Hong Kong Jewellery & Gem Fair, which will take place from June 23-26, 2016 at the Hong Kong Convention & Exhibition Centre. In addition, 10 Israeli companies will be exhibiting in other locations throughout the show.
The Israel Diamond Pavilion will be located in the diamond area in Halls 3BC and Concourse. At each site there will be a lounge adjacent to the pavilion, serving refreshments throughout the day, and featuring dedicated Find Your Diamond units. IDI’s Find Your Diamond system, enabling a search of all Israeli exhibitors’ offerings at the show, will be available in Chinese as well as in English, and will be available on smartphones as well.
In addition, IDI will launch a special website for the Hong Kong June show with full details of all the Israeli companies participating in the show, including background and contact information, as well as a map of the Israel Diamond Pavilion.
Asia is Israel’s second largest market for polished diamonds representing about 30% of total polished diamond exports, with the greatest share going to Hong Kong. Last year Israel’s polished diamond exports to Hong Kong totaled $1.4 billion. Israel is also a major supplier of polished diamonds to China, India, Thailand, Singapore, Taiwan, Japan and other Asian markets.
IDI Chairman Shmuel Schnitzer said, “Despite the downturn in Asian markets, they remain very important targets for our industry. We believe that the long-term prospects for Asia as a market for polished diamonds are excellent. The Israeli Diamond Industry seeks to strengthen our business connections there, and to continue to adapt our offerings to the markets’ demands.”
IDI Managing Director Eli Avidar added that IDI now organizes large national diamond pavilions at four trade shows in Hong Kong annually — in March, June, September and November. We have invested great efforts at making Israeli diamantaires accessible to buyers. The Find Your Diamond feature, which is now offered in Chinese as well, has proven to be a real winner for both buyers and exhibitors.”
Avidar said that IDI’s office in Hong Kong has been instrumental in furthering business between the two counties. He added that IDI’s Chinese-language diamond portal site, the only one of any diamond center, enables direct contacts between the Israeli industry and the region.