RapNet


Rapaport News

 

Polished Markets

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Trade Calls to Postpone Hong Kong Show

GJEPC, AWDC and IDI are concerned clients will not attend and insurance won’t cover goods.
Aug 21, 2019 10:10 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Three major trade bodies have asked the organizer of the Hong Kong Jewellery & Gem Fair to delay the show until the political climate stabilizes.

“Currently 30% to 40% of the exhibitors are demanding to cancel [their] participation regardless of whether the situation improves,” the organizations explained in an appeal sent on Wednesday to Informa Markets, which runs the show.

The Gem & Jewellery Export Promotion Council (GJEPC), Antwerp World Diamond Centre (AWDC) and Israel Diamond Institute (IDI) are concerned the current situation will inhibit foot traffic at the event and risk the safety of their exhibitors, the groups said in the letter, obtained by Rapaport News. Many of the exhibitors’ clients have already informed them they will not even consider attending the show this year, the groups said.

Insurance companies will not provide coverage for goods if riots take place near the show’s location, and participants would be required to take out an additional policy, which is not currently being offered, the groups noted. Informa should also provide financial compensation, such as a discount or refund, to all participating companies, GJEPC, AWDC and IDI added.

Informa intends to carry on with the show, believing the situation will calm down before then, it told Rapaport News earlier this month.

Image: The 2018 Hong Kong Jewellery & Gem Fair.
Tags: Antwerp World Diamond Centre, AWDC, Gem & Jewellery Export Promotion Council, GJEPC, Hong Kong Jewellery & Gem Fair, IDI, Informa Markets, Israel Diamond Institute, Rapaport News
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Sep 19, 2019
Hong Kong show brings fewervisitors, but better-than-expected trading. Serious...
Bonhams Auctions Historic Emerald
Sarine, NGTC Partner on Grading Standards
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us