IDI Organizes First Israeli Diamond Pavilion at Hong Kong June
Ramat Gan, Israel, June 1, 2011: The Israel Diamond Institute Group of Companies (IDI) will present the first Israeli Diamond Pavilion at the June Hong Kong Jewellery & Gem Fair, which will take place from June 23 – 26, 2011.
The pavilion will feature 60 diamond companies, many of whom are participating in this show for the first time. There are also several Israeli companies exhibiting throughout the show.
Sources at IDI say that the addition of the June show to the IDI calendar emphasizes the importance that the Israeli Diamond Industry attributes to Hong Kong as a vital and growing diamond market. Hong Kong is a gateway to Asia and as such represents one of the Israeli industry’s most significant markets.
The Israel Diamond Pavilion is located in Hall 3G. IDI’s information booth is located at 3G406 at the entrance to the pavilion. It will provide background on the Israeli diamond industry and will help buyers find their way through the pavilion.
An online mini-site, which can be accessed through the IDI portal site, enables buyers to visit the pavilion virtually before the show. The mini-site includes contact details of all Israeli exhibitors, including those not participating in the pavilion, as well as a map indicating their location at the show.
Hong Kong is Israel’s second largest market for polished diamonds representing 25% of total polished diamond exports in 2010.
In 2010 net exports of polished diamonds to Hong Kong stood at $1.487 billion. In the first quarter of 2011 Israel’s net polished exports to Hong Kong increased 28% to $506 million.
IDI Chairman Moti Ganz said that Hong Kong has always been an important market for Israeli diamonds, and has become even more so as Asian economies experience dramatic growth.
“Economic growth in this region has been vigorous and with this growth comes a greater demand for diamonds and diamond jewelry. We’re happy that the Israeli Diamond Industry is able to play a major role in supplying this demand,” he said.
“Dozens of Israeli companies have set up offices in Hong Kong and elsewhere in the Far East; many are manufacturing diamonds and diamond jewelry there as well. Asia is clearly a major center for the Israeli Diamond Industry.”
IDI Managing Director Eli Avidar said “We are focusing much of our marketing efforts on Asia – especially Hong Kong. The addition of this show to our marketing calendar is one of our new initiatives this year and we have already been able to bring 60 Israeli diamond companies to the show. Our industry is clearly very keen on Asian markets and we are doing all we can to facilitate their activities there.”
Avidar added that IDI’s representative office in Hong Kong was providing a major boost to the Israeli Diamond Industry’s trade with the region. In addition, he noted that IDI’s Chinese-language portal site has become an important vehicle for facilitating direct contacts between these countries.