Baselworld, the most highly acclaimed show in the world of watches and jewellery is also the venue where all the key global players of the diamonds, pearls and gemstones industry unite under one roof to display their most spectacular items.
At the upcoming Baselworld 2015, the crème de la crème of diamonds, gemstones and pearls will be showcased for the world’s top jewellers, designers and manufacturers to discover. The following lines will give you an impression of what you can expect.
DIAMONDS NEVER CEASE TO FASCINATE AND TRENDS SHOW THAT IN COMING YEARS THE GAP BETWEEN SUPPLY AND DEMAND IS LIKELY TO GROW As the saying goes, ‘diamonds are forever’, and they haven’t lost any of their glitter or fascination regardless of trends. By all reports, the diamond market will remain balanced in the foreseeable future, with a growing gap between supply and demand expected as a result of anticipated demand growth driven by China, India and the United States. Over the next decade, supply and demand are expected to grow at a compound annual rate of 2.0% and 5.1%, respectively.
COLOURFUL GEMSTONES CONTINUE THEIR CONQUEST OF THE MARKET Jewellery design in general has exploded in colour, particularly at the high end. “The trend to diversity in colours is rapidly growing,” says lapidary artist Constantin Wild, Idar-Oberstein, Germany. “Haute Joaillerie are using more colourful gems. The tendency among jewellers is to partner with specialized gem houses for certain stones, colours and precision cuts to carve out their niche in the market. Many of those relationships are forged at Baselworld.”
DEMAND FOR PEARLS REMAINS HIGH AS THE INDUSTRY STRIVES TO MATCH THE MARKET In general, pearl prices are up across the board, with better quality and bigger sizes in short supply, impacted by growing Asian demand. Golden South Sea pearl prices have been increasing the past four years, with natural events like the super typhoon in the Philippines affecting prices. In white South Seas, dealers report a 30% to 40% price hike due to a drop in production by pearl farmers the past three years. In Tahiti, a shortage of 8mm to 9mm sizes caused prices to rise; pearls 15mm and up in fine quality are difficult to find.
BASELWORLD – THE VENUE FOR THE MOST BRILLIANT DIAMONDS, GEMSTONES AND PEARLS The best part of Baselworld, dealers say, is the venue. It is the perfect incubator to study the market, talk to suppliers, and understand trends in supply and demand.
Designer Michael Youssoufian, Hong Kong compares a serious gem trader not attending Baselworld to missing the Eiffel Tower while visiting Paris. “For Baselworld 2015, we anticipate great opportunities to buy,” he tells. “The market is in a better, more flexible mood to do business. The connoisseur will discover some amazing finds. We reserve the best of our yearly production for Baselworld.”
We invite you to attend Baselworld 2015, dive into this mesmerising universe of glitter, glamour and sparkle and make the most of the unique business opportunities.