{"id":19361,"date":"2023-07-05T09:58:43","date_gmt":"2023-07-05T01:58:43","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=19361"},"modified":"2024-07-04T15:48:26","modified_gmt":"2024-07-04T07:48:26","slug":"jew-survey","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/jewellery\/jew-survey\/","title":{"rendered":"International Jewellery Traders Grow in Confidence: HKTDC Survey"},"content":{"rendered":"\t\t
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Whether you are a buyer or a supplier, knowing the jewellery market outlook and how your peers think are of utmost importance in setting your yearly strategic plan. Seeing the success of the latest HKTDC Twin Jewellery Shows 2023, HKTDC<\/em> asked a total of 732 buyers and exhibitors at the\u00a0Hong Kong International Jewellery Show 2023<\/em>\u00a0and the\u00a0Hong Kong International Diamond, Gem and Pearl Show 2023,\u00a0<\/em>of their opinions towards the industry.<\/p>

In these latest findings as revealed by the\u00a0HKTDC Hong Kong International Jewellery Show Survey 2023<\/strong><\/a>, HKTDC<\/em> observed a general optimism among the survey respondents. Many anticipated their companies\u2019 growth could return to pre\u2011pandemic levels by 2024, along with increased sourcing activities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Post-Pandemic Recovery On the Way<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Perspective #1: Overall Jewellery Sales Will Further Pick Up in 2024<\/h3>

Two\u2011thirds of the traders surveyed said they expect overall sales to increase in 2023.This optimistic trend is projected to continue, with 78% of traders anticipating sales growth in 2024.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Perspective #2: Chinese Mainland and Hong Kong Are the Most Promising in Market Growth<\/h3>

Jewellery industry’s views on the potential for growth in Chinese Mainland and Hong Kong have improved since the re-opening post-COVID in early 2023. 78% of respondents in the survey said they see potential for growth in the Chinese Mainland market in the next two years, while 71% believe there will be an uptick in the Hong Kong market in that period.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Perspective #3: Rising Purchasing Power and Customer Demands Drive Business\u00a0<\/h3>

Despite economic challenges globally, the survey respondents expressed hope in jewellery business, with the recovery in customers\u2019 purchasing power being the key driver for business growth this year, followed by rising demand from emerging markets and business opportunities from e\u2011tailing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Perspective #4: Digital Channels for Jewellery Trade Become More Prominent<\/h3>

The surge in e\u2011commerce and accelerated digital transformation during the pandemic made industry players more aware of the importance of digitalisation, and around 62% of respondents said they were currently engaged in online trading businesses, and that would likely remain as their core business strategies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Read More:\u00a0Exhibitors Bling Up Business with HKTDC Twin Jewellery Shows 2023<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Gemstones in Focus<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Perspective #5: Fashion Jewellery Has Greatest Potential for Growth<\/h3>

When asked about the product types with the biggest potential for growth, 66% of industry players picked out trendy fashion jewellery<\/a>. The next most popular choices were precious jewellery<\/a> (selected by 44%) and designer jewellery<\/a> (35%). Growing numbers of consumers are looking for affordable and versatile jewellery pieces to go with their daily outfits, and this explains why jewellery traders target the same.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Read More:\u00a0Born to Sparkle \u2013 5 Major Jewellery Trends in 2023<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Perspective #6: Diamonds Remain the Most Popular<\/h3>

52% of respondents ranked diamonds<\/a> at the top of the list, followed in order of popularity by rubies<\/a>, pearls<\/a> and emeralds<\/a>.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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With over 60% of surveyed jewellery traders showing confidence in online trading, it is a good idea to start sourcing jewellery and other quality products via our e-Marketplace<\/a>:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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If you would like to further expand your online business, reach out to us for a promotional package too:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Reference:<\/strong><\/p>

A Ring of Confidence: The HKTDC Hong Kong International Jewellery Show Survey 2023<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Whether you are a buyer or a supplier, knowing the jewellery market outlook and how your peers think are of utmost importance in setting your … <\/p>\n","protected":false},"author":28,"featured_media":19362,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389,24,366,374,407,371,362,2],"tags":[],"class_list":["post-19361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buyer-surveys","category-events","category-fairs","category-fashion","category-jewellery-fairs","category-jewellery","category-sourcing-trade","category-trend"],"yoast_head":"\nInternational Jewellery Traders Grow in Confidence: HKTDC Survey - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"Whether you are a buyer or a supplier, knowing the jewellery market outlook and how your peers think are of utmost importance in setting your yearly\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sourcing.hktdc.com\/newsbites\/jew-survey\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International Jewellery Traders Grow in Confidence: HKTDC Survey - 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