Friday, September 30, 2022

Diamonds, lab grown diamonds, opals, counting and tags, at the Jewellery and Gem trade show in Singapore in September 2022 - where next?

 The show was divided into sections by country, types of stone, type of product, so you could look at Singapore, Hong Kong, Korea, Israel, or Antwerp, the Diamond Centre, or Poland, where Gdansk, the Amber capital in Poland, which has exhibitions and authenticates your amber. At the show I was able to see and buy samples of amber, jewellery such as fine (thin) silver or gold chains.

 Some stands were not able to sell to potential customers because they are not in the Zone. What does that mean? Paying 7% tax, even having to register each piece you take out of your country and showing you have brought them all back through customs. 

Counting

How do you count dozens of pieces of jewellery and precious stones? There's an app, a business, which does that. Not cheap, but it enables the jewellery store to stock take every night by waving a wand over tags. 

What a great idea. How handy to tag everything. Never lose a coat or hat. Could you take it home to count your packing? Never lose shoes or leave a left shoe under the bed or a toddler's toy in a cot.  Alas, not yet. It would cost a lot and every item would need a tag. Maybe one day.

Successes

A few people on stands at the show were not doing as well as they had hoped. I asked, 'Why?' 

'Because our existing customers and potential customers have attended recent trade jewellery shows elsewhere. Such as India.' 

Covid laws have changed. A cancelled show in Hong Kong in 2022 meant the gain of a show in Singapore.

One stand owner told me, 'Our potential customers from Hong Kong haven't come in the numbers we wanted. They would be allowed to leave Hong Kong for Singapore, but would face quarantine on returning to Hong Kong.'

Antwerp

But others found the show very successful. Those on the Antwerp stand were very happy. At the end of the day they were eating chocolates and drinking bubbly. They were brokers, go-betweens, without the worry of physically transporting goods.

Other stands had chocolates under the table. Belgian chocolates. Chocolates bought at Changi airport on arrival.

More from me later. It will take some time to read through all the useful brochures I collected.  The stand owners will be packing up an hour early today - the last day, Friday, - and preparing for the next jewellery and gem shows in other countries.

If you are in the jewellery business, or want to learn about what's new from the media, look out for information on fairs and events around the world including

Lab Grown Diamonds

Lab grown diamonds come in various colours. They are cheaper. Industrial diamonds used in electronics are usually lab grown diamonds.



Fairs Worldwide

Turkey - Istanbul

6-9 October 2022

16-19 March 2023

Middle East

Bahrain

22-26 November 2022

Dubai

12-14 Feb 2023

India -Hydrabad

9-11 June 2023

New Delhi

30 Sept-October 2nd 2023

Thailand

from other organizers

Fairs UK and Europe

https://www.eventseye.com/fairs/cst1_trade-shows_uk-united-kingdom_jewelry.html

Fairs In the USA

https://expotobi.com/country/usa/sector/gems-jewelry

I found this link to a consumer website for lab grown diamonds although the reviews were not all complimentary. I would decide my budget and visit three shops, with a companion, and read reviews, before making a major decision. 

https://novitadiamonds.com.sg/



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