05/03/2016
Highlights:
- Diamond Sales and demands above expections during Hong Kong March show.
- Strong Demands for low-total items up to 30k-40k usd. Very strong demand for burmese rubies and sapphires in all sizes and qualites. Kashmir sapphires prices conitnue to rise.
- During the first two days buyers expected to stock for low prices but suplliers refused to lower prices and release the goods. Transactions started during the 3rd and 4th days as suppliers and buyers met in the middle.
- Market appears to mildly recover as demand increases.
- Signed Jewelry market continues to be HOT.
- Exhibitors and Buyers complain show is too big. Express dissapointment that Sepetember show is even getting bigger as a new show in "tents" outside Wan Chai convention center will be inaugurated in September.