{"id":23925,"date":"2024-06-19T15:30:44","date_gmt":"2024-06-19T07:30:44","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=23925"},"modified":"2024-07-04T16:38:40","modified_gmt":"2024-07-04T08:38:40","slug":"jew-survey-2024","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/jewellery\/jew-survey-2024\/","title":{"rendered":"Jewellery Industry Shines, HKTDC Survey Reveals"},"content":{"rendered":"\t\t
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The Twin Jewellery Shows Survey, conducted among 893 buyers and 542 exhibitors in March 2024, displayed a general optimism of jewellery traders towards the industry outlook. This increasing optimism stems from the recovery in customers’ purchasing power and the growing demand from emerging markets.<\/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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How the Jewellery Industry Perceives Near Future Performance?<\/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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Jewellery Traders Expressed Confidence in Next 2 Years’ Prospects<\/h3>

46% of survey respondents said they were anticipating growth in their overall sales in the next 6 to 12 months, and this optimistic outlook seems likely to continue, with 62% of traders foreseeing sales growth in the next 12\u201124 months.<\/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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Promising Jewellery Markets as Emerging Targets<\/h3>

In general, jewellery traders are positive about the prospects for their target markets, particularly India and the Middle East<\/strong>, with 71% of traders said they expected an uptick in that market.<\/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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Numerous Business Opportunities for Jewellery<\/h3>

When it comes to the key factors driving business growth this year, 36% of respondents expressed confidence in the recovering purchasing power of customers<\/strong> and 32% pointed to increasing demand from emerging markets<\/strong>. This positive outlook is in line with businesses\u2019 high expectations for growth prospects in the ASEAN and Middle East markets.<\/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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Physical Jewellery Sourcing Still Highly Regarded<\/h3>

A substantial surge in e\u2011commerce activities and accelerated digital transformation across numerous industries are observed post-pandemic. However, despite the growth of online trading, physical channels are still the dominant selling and distribution channels for many jewellery businesses<\/strong>, with 53% of respondents said they still rely exclusively on physical channels, highlighting the continued significance of traditional physical stores in the industry.<\/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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Upcoming Jewellery Trends to Look Out<\/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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Fashion Jewellery Head the Segment Growth<\/h3>

Similar to last year’s results, when asked about the product types with the biggest potential for growth this year, 60% picked out trendy fashion jewellery<\/a>. The next most popular choices were precious jewellery<\/a> (selected by 41%) and designer’s jewellery<\/a> (31%). In fact, an increasing number of consumers are seeking affordable and versatile jewellery pieces that complement their daily outfits.\u00a0<\/strong><\/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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Diamonds Continue to Appeal<\/h3>

Diamonds<\/a> remain easily the most sought\u2011after gemstone, with a huge 53% of respondents ranking them at the top of their list for 2024. That figure puts them well ahead of the next most popular \u2013 rubies<\/a>, followed by pearls<\/a>, and then emeralds<\/a>. This ranking reflects the enduring allure and timeless appeal of diamonds, while also acknowledging the appeal of other gemstones.<\/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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Summary<\/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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Overall, jewellery sector sees a bright outlook ahead in the coming 2 years, with expected growth especially in emerging markets like the Middle East. Fashion jewellery and diamonds are the popular categories.<\/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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Full survey findings, including respondents\u2019 profile, can be accessed via below link:<\/p>

Shining Prospects for Hong Kong Jewellery Industry: The HKTDC Hong Kong International Jewellery Show Survey<\/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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Watch out our latest jewellery collection, alongside other quality products, on our e-Marketplace:<\/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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The Twin Jewellery Shows Survey, conducted among 893 buyers and 542 exhibitors in March 2024, displayed a general optimism of jewellery traders towards the industry … <\/p>\n","protected":false},"author":28,"featured_media":23945,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389,24,366,407,371,3],"tags":[],"class_list":["post-23925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buyer-surveys","category-events","category-fairs","category-jewellery-fairs","category-jewellery","category-markets"],"yoast_head":"\nJewellery Industry Shines, HKTDC Survey Reveals - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"The Twin Jewellery Shows Survey, conducted among 893 buyers and 542 exhibitors in March 2024, displayed a general optimism of jewellery traders towards\" \/>\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\/jewellery\/jew-survey-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jewellery Industry Shines, HKTDC Survey Reveals - 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