Antwerp in full force for Hong Kong show

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Antwerp in full force for Hong Kong show

February 27, 2008

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Antwerp, Belgium—The Antwerp diamond industry is the latest to announce it is sending a large delegation to an Asian shown, yet another example of the industry's growing interest in this area of the world.

The Antwerp World Diamond Centre (AWDC) announced that a total of 35 companies based in the Belgian city would be present during the Hong Kong International Jewellery Show.

Companies slated to attend include: Ami Diamonds BVBA, HRD Antwerp, Pluczenik Diamond Co. NV, Taché Diamonds and Yaelstar BVBA.

"Hong Kong is a critically important market from Antwerp's perspective, hence the supreme effort that we have made to guarantee that our industry holds an attractive position at the show," AWDC Chief Executive Officer Freddy J. Hanard said in a media release. "Given the expected growth of the Hong Kong market, supporting the activities of Antwerp-based companies in this region has become one of our core activities. We are, therefore, delighted to note that Antwerp's presence in Hong Kong this year has taken several large strides forward."

In January 2008 alone, Hong Kong consumed about 100,000 carats of polished diamonds worth $119.9 million from Belgium, a 12.6 percent increase over January 2007.

In addition, Hong Kong was Belgium's second-largest export market for all of 2007, after the United States. The country received $1.66 billion in polished diamonds from Belgium.

The Hong Kong International Jewellery Show is scheduled from March 4-8.

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