The Israel Diamond Institute (IDI) said that after a successful pilot last year, it will again hold an auction of special stones at the HKTDC’s Hong Kong International Diamond, Gem & Pearl Show in Hong Kong. The auction will be held at IDI’s Israel Diamond Pavilion, which this year will host 58 companies.
The goods will be on view and bids may be placed between February 26 and 28. Progress on the bidding will be shown on screens located within the pavilion.
The IDI said Israeli exhibitors will be presenting diamonds especially suited to Asian markets, with several companies showing very large and important stones and fancy coloured diamonds. Moreover, many of the exhibitors will also be showing specially designed pieces of diamond jewellery.
As it did last year, the IDI said the Israeli pavilion at the show will feature Get Diamonds terminals that will offer a computerised database in both English and Chinese of all goods offered by Israeli exhibitors at the show.
Hong Kong is Israel’s second largest market for polished diamonds, representing close to 30 percent of total polished diamond exports. In addition to this show, the IDI organises national pavilions in three trade shows in Hong Kong every year — in June, September and November. In 2019 for the first time the IIDI is also planning a special show in Shenzhen.
IDI Chairman Boaz Moldawsky is optimistic that this show, the first of the year, will be successful for the Israeli exhibitors. “Last month we held a very successful International Diamond Week, but unfortunately the timing didn’t allow many Chinese buyers to participate. We’re hoping that after the Chinese New Year, buyers will be seeking to replenish their stocks and we look forward to doing business with them. This is a key market for us and we are committed to serving it well. Fortunately we have seen an upswing in Chinese diamond purchases and we are looking forward to a good show,” Moldawsky said.