Hong Kong Jewellery & Gem Fair Posts an 18 Percent Attendance Increase
August 8, 2011
UBM Asia’s Hong Kong Jewellery & Gem Fair drew an 18-percent increase of attendees at its recent June event at the Hong Kong Convention & Exhibition Centre, with a record 22,452 visitors coming from 104 countries and regions, according to company officials.
Of the 22,452 visitors, 42 percent were Hong Kong-based visitors, while 58 percent were from overseas, a growth of 30 percent, compared with last year’s June event.
The largest group of visitors came from outside Hong Kong came from mainland China, with a total of 5,372, followed by India, Taiwan, the Philippines, Korea, Thailand, Japan, the United States, Indonesia, Singapore and Australia.
“The fair results left us in no doubt that China and India are driving jewelry demand worldwide today,” said Celine Lau, director of Jewellery Fairs for UBM Asia. “The number of buyers from these two robust markets increased by 83 percent and 48 percent, respectively.”
She added. “The buyers’ profile at the June Fair is becoming even more international. We saw a notable attendance of buyers from South America, such as Brazil, Mexico, Chile and Panama. The number of Canadian buyers and those from the United States also increased this year.”
The four-day event showcased a wide array of jewelry items in 56,000 square meters of exhibition space. In addition, more than 1,500 exhibitors from 37 countries and regions participated, a 24-percent increase, compared with last year’s event, also a record for the show.
“We are happy that the June Hong Kong Jewellery & Gem Fair has the unswerving support of the global jewelry industry,” said Jimé Essink, president and CEO of UBM Asia.
He added, “The fair's continued growth in exhibition space and in the number of exhibitors and visitors affirms the business value this fair offers to the jewelry industry.”
The show also received high marks from exhibitors. “We’ve been to this fair for more than 10 times,” said Fredy Hui, representative of F&A Import & Export in Australia. “It is an important mid-year fair for sourcing merchandise for the fall season.”
Elin Li, director of E & CO Jewellery Pte Ltd in Singapore, added, “We have been participating in this fair for more than 10 years. This is an important mid-year fair because it brings us great opportunities to expand our business and meet lots of new customers from around the world, such as the Philippines and Malaysia. This fair is impressive. For sure, we will join again in 2012.”
The next edition of the June Hong Kong Jewellery & Gem Fair will be June 21-24 at the HKCEC.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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