FRANKFURT, Germany--(BUSINESS WIRE)--New jewellery designs and fresh gemstone colour combinations are just as much a part of the portfolio on the Hong Kong combined stand at this year’s Baselworld as smart watches and classic watches. From March 23 to 30, 2017, a total of 103 companies will be exhibiting their new collections on the combined stand organized by the Hong Kong Trade Development Council (HKTDC) in halls 4.0 and 4.1.
Classical designs enhanced with new elements or items of jewellery that complement current fashion offer variety and the position of being able to express one’s individual taste with jewellery. One example are dominant diamond rings that wrap themselves around the finger like a sculpture, whilst their various layers are reminiscent of buildings. When it comes to precious metals, white gold continues to lead the way in Asia, followed by rose and yellow gold. Bicolour and tricolour jewellery items also gain in popularity. Diamonds continue to be in greatest demand among gemstones in Asia, followed by aquamarine, emerald, rubies and pearls.
When it comes to timepieces, smart watches get into focus. This was already seen at the HKTDC Hong Kong Watch & Clock Fair in September 2016 where an independent survey showed that “Going Smart” is the main development topic in 2017. Amongst others a stainless steel watch with SwipeFace technology with no connection to the smart phone is presented in Basel. With the Gear Track, allowing change of watch cases with just a click, the winning model of the 32nd Hong Kong Watch & Clock Design Competition is now brought to the market. The creativity and craftsmanship of designers from Hong Kong and worldwide were demonstrated again at two competitions in March 2017: The 5th edition of the biennial International Jewellery Design Excellence Award (IJDE Award) and the 18th Hong Kong Jewellery Design Competition.
Hong Kong’s exports of complete watches and clocks declined in 2016 for the second year in succession. At USD 5.95 billion, it was 11.7 per cent down on the previous year. The largest sales market was the USA with a volume of USD 1.26 billion (-15.2 per cent), followed by Switzerland with USD 602 million (-15.4 per cent). The largest share of exports at 46 per cent was achieved with battery-powered wrist watches. The import of complete watches and clocks experienced a decline of 12.4 per cent to USD 6.3 billion. This was particularly noticeable in the case of Switzerland where the volume fell by 22.5 per cent (USD 2.7 billion).
Hong Kong’s exports of precious jewellery reached 2016 USD 6.2 billion (-10.1 per cent). The decline was seen in the three largest markets of USA, Switzerland and the UK similarly. Imports of precious jewellery rose by 6.3 per cent to USD 12.6 billion in 2016.