Newsrelease - Pressrelease: The June Hong Kong Jewellery & Watch Fair, Asia's biggest mid-year international jewellery trade fair organized by CMP Asia Ltd., brought together 737 exhibitors from 26 countries and regions occupying over 20,000 square metre of exhibition space concluded on 27 June 2004 at Hong Kong Convention & Exhibition Centre, attracted 18,490 trade visitors from 100 countries and regions, a truly international event with remarkable success since its inception in 1988.

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NewsreleaseDate: 2004-07-14

The June Hong Kong Jewellery & Watch Fair, Asia's biggest mid-year international jewellery trade fair organized by CMP Asia Ltd., brought together 737 exhibitors from 26 countries and regions occupying over 20,000 square metre of exhibition space concluded on 27 June 2004 at Hong Kong Convention & Exhibition Centre, attracted 18,490 trade visitors from 100 countries and regions, a truly international event with remarkable success since its inception in 1988.

Visitors from overseas increased over 39 percent compared to 2002. Apart from Mainland China with 1,829 visitors, the largest number visitors at the Fair this year ranking from top one to ten were 655 from Taiwan, 609 from USA, 604 from Japan, 552 from The Philippines, 449 from Korea, 359 from Australia, 283 from Thailand, 243 from Singapore, 226 from Indonesia and 203 from India.

The Fair also attracted10,571 visitors from Hong Kong, making the fair a total important market platform for the jewellery industry on the spot. Such strong international presence in the fair once again reflects its dominant position in Asia. Further, there were more than 100 presses & media attended the fair from around the world and post-show reports are to be published thereafter.

“The full support from global industry leaders attending the fair reaffirms Hong Kong's vital and central position as Asia's jewellery trading center, ” said by Celine Lau, Jewellery Fairs Manager for CMP Asia, the fair organizer.

“We are very pleased to receive the active participation from the international exhibitors, which enables us to achieve a historic record in terms of exhibition space, number of exhibitors and number of visitors of the June event. Promotion through participation in trade fairs is one of the fastest and effective channels to promote and establish global sales network. Our objectives are continuously to bring the most efficient and brand trade fairs for the industry, ” said by Celine.

Quote from the exhibitors
"We had vey good pearl sales during the Fair and we met several new buyers," Mr. Howard Levine, Sales Manager of pearl wholesaling company, Euro Pearls, in the United Kingdom said. The company has exhibited in the Fair for more than 7 years. “ The positive business mood at the Fair was very encouraging. We were satisfied with all the arrangement at the Fair and will continue our participation at the fair. ” Mr. Levine said.

The Sales Manger of polished gemstone wholesaler , RMC Gems Thai Co Ltd in Bangkok which specializes in Blue Topaz and Tourmaline, expressed that they were so glad to meet with many new buyers from USA, Italy and Korea and conducted good business at the Fair. "We will also continue to participate in this Fair and the China Fairs organized by CMP Asia as they are very professional. "

International Silver Jewellery in Hong Kong has participated for 15 consecutive years. “This year, we did business with many quality buyers especially new customers from Malaysia, Singapore, Indonesia and USA. The results at this Fair has convinced us that we should have a larger and more visible space at the Fair to further enhance our business opportunities at the Fair," Miss Hui said.

Mr. Joseph Hacmon, President of Lady Heart Collection Ltd., diamond jewellery manufacturers in Israel with strong business links in the Far Eastsaid, "Continous participation at this Fair has provided us with important business opportunities and once again this year we meet several new quality buyers. Nowadays, customers would look for the brand name with quality and trust. I am positive that our business will continue to grow. ”

Mr. Dirk Loots, Director of An Diamond, a Belgian manufacturer in diamonds, exhibited since early 90's and expanded their booth at this fair. “We had very good business transactions since the second day of the fair. We are pleased with the fair arrangement from the organizer and it proved that we made the right decision to expand the stand size, ” said by Mr. Loots of An Diamond.

Mr. Kobi Itzchaki, Managing Director of Dalumi Hong Kong Ltd., diamond manufacturers, expressed that "We are very happy at this Fair and we were able to get a lot of buyers. This fair is even better than other Jewellery Fairs, which focused on market indication but this June event could sell on the spot. China business is also vital to our company, thus we will continue to participate CMP 's China fairs respectively, " expressed by Mr. Itzchaki.

Mr. Masato Morita, General Manager of Takahashi Pearl Co., Ltd. in Japan said, "We were very pleased to be here and met with quality buyers from China & Taiwan and generated good sales figures. We would like to discuss with the fair organizer as soon as possible for the 2005 June fair so that our booth location could be secured. "

Quote from the Buyers
Mr. Kachka Yossi, Jewellery Traders from Israel said, "I met with many diamond suppliers at the Fair and the price was very competitive. I found very good quality products from various exhibiting companies and eventually closed business deal with Hong Kong suppliers. The fair was very organized and I will definitely come back in September this year and also 2005 June event. "

Mr. David Atkinson and Ms. Maria Chapman from United Kingdom said, "The fair is fantastic! We are the first time visitor and we met with many suppliers from Mainland China and Hong Kong. Although it was long hours flying from UK to Hong Kong, but it was worth to do it as we ’ve got what we needed at the Fair. "

"Although this is my fifth time to Hong Kong to visit Jewellery & Watch Fair, but I am sure that I will definitely come back in September Fair again as I met with many good business partners from Hong Kong and Japan at the show, " said by Ms. Charlotte Engell, Pearl traders from Denmark.

"I was able to meet with a lot of new pearl suppliers especially from China at the Fair. The fair provides an excellent marketing opportunity for us to source new products each year and it was very well organised, " said by Ms. Elizabeth Williams, Pearls & Crystals Traders from Australia.

Ms. Linda MacFarlane, Jewellery trades from New Zealand said that she came to visit Hong Kong Jewellery & Watch Fair every June to source fine jewellery, Gemstones and Diamonds for many years. "The price here is very good and competitive. The fair is important for us to see quality products, to see market trend and to meet with good business partners. "

"I came to visit the fair since eight years ago and I still believe that this show is one of the most important event for our company to source with. I found many new items, new suppliers and updated market information at the fair. There were so many competitive products for me to choose from. Also, my business is also included fashion jewelry, it is so convenient that I could make one single trip to attend both shows, " said by Mr. Pierre-Paul Couture, President of Creations DPR Inc. from Canada.

Mr. Georg Wiesauer, Wholesaler of Pearls Stones and Jewellery from Austria expressed that most of the suppliers were gathered at the June fair, therefore, he could not afford not coming to the fair in each year. "I came to buy Gemstones, Pearls and Jewellery at the Fair and I do really enjoy to meet with nice people and great organization. "

Industry Seminar

The industry seminar jointly organized by CMP Asia, Hong Kong Jewelry Manufacturers ' Association and The Gemmological Association of Hong Kong with full support by Hong Kong Productivity Council and Industrial Designers Society of Hong Kong were held on 25 June 2004 in conjunction with the Fair attracted more than 200 audiences from the industry to exchange technology information and share their trend vision. The seminar topics included "How to Create Fashionable Jewellery and Stylish Concepts", "Diamond cutting Proportion in Relation to Price", Petentable Product's Innovation Methodology", and "Innovative Jewelry Design for Web-based & Interactive Jewelry Marketing System and Technology".

Pearl Auction
Two vital global pearl auctions were held in association with the June Hong Kong Jewllery & Watch Fair from 21 to 25 June 2004 at the Hong Kong Convention & Exhibition Centre.

Paspaley Pearl Auction

The 25th Paspaley South Sea Pearl Auction organised by Paspaley Pearling Co Pty Ltd was held from 21 to 23 June 2004 sold 80 percent of the 140,219 pearls on offer for a total of US$9.43 million. The pearls fetched an average price of US$84 a piece. A total of 63 companies of the 87 invited from around the world were successful in bidding, reflecting that demand was from all major markets.

Robert Wan Tahiti Perles Auction

The 19th Robert Wan Tahiti Perles Auction held on 24 to 25 June 2004 sold 78 percent of the 190,586 pearls on offer, bringing in total sales of roughly US$5 million from about 70 companies out of the 115 invited made purchases at the auction. The average price per piece sold at the auction was US$33, while the average price per momme was about US$50. As the Tahitian production this year is expected to come down from 10 tonnes in 2003 to about 8.5 tonnes, traders feel a sense of stability obviously. Besides, as the traders' inventories are now reduced sufficiently, they could bid high prices at the auctions.

Massive Support from the Industry

The Fair receives continuous support from the major jewellery organisations including The Gemmological Association of Hong Kong (GAHK), Gemological Institute of America (Hong Kong), the Hong Kong Gold & Silver Ornament Workers & Merchants General Union and the Kowloon Pearls, Precious Stones, Jade, Gold and Silver Ornament Merchants Association.

Coming Fair Dates

September Hong Kong Jewellery & Watch Fair 2004

One of the world's top three jewellery trade fairs, the September Hong Kong Jewellery & Watch Fair will be held from 19 to 23 September 2004, attracting over 1,800 exhibitors from 45 countries and regions and expecting 33,000 trader visitors from 100 countries and regions. The coming fair will occupy all main halls of the Hong Kong Convention & Exhibition Centre with more than 59,000 square metre of exhibition space to be exhibited. The September edition of the Asia's Fashion Jewellery & Accessories Fair will also be held in association with the September Fair that runs for four days from 19 to 22 September 2004.

June Hong Kong Jewellery & Watch Fair 2005

The next edition of Asia's biggest mid-year jewellery fair, the June Hong Kong Jewellery & Watch Fair will be held from 16 to 19 June 2005. Held concurrently with the June edition of Asia's Fashion Jewellery & Accessories Fair, the most professional fair of its kind in Asia.

China Fairs 2005: Shenzhen - March edition and Guangzhou - June edition

China's two key international Jewellery Fairs, the China International Gold, Jewellery & Gem Fair – Shenzhen will be held from 9 to12 March 2005 and the second edition of China International Gold, Jewellery & Gem Fair – Guangzhou to be held from 8 to 11 June 2005 that continuous to provide the promising marketing platform for the industry professionals.

For fair details, please contact:

Miss Celine Lau

Jewellery Fairs Manager

CMP Asia Ltd.

Tel: +852 2516 1677

Fax: +852 2802 9934

E-mail: celinelau@cmpasia.com

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