PRESS RELEASE: SCED visits Hong Kong International Jewellery Show

 The Secretary for Commerce and Economic Development,  Mr Gregory So, today (March 4) visited the 32nd Hong Kong International  Jewellery Show organised by the Hong Kong Trade Development Council  (HKTDC).

     Mr So toured the major exhibition zones  of the show and learnt from exhibitors about their sales situation. He was also  updated by industry players on the latest developments in the jewellery  industry, and exchanged views with them on moving the industry up the value  chain.

     "Although many processes of jewellery  production have already been relocated to the Mainland, various high-value-added  tasks are still carried out in Hong Kong," Mr So  said.

     "Jewellery was Hong Kong's largest  domestic export item in 2014, with total export value reaching more than $7.6  billion, or 13.8 per cent of total domestic exports in value terms," he  said.

     "With the introduction of the Mainland and  Hong Kong Closer Economic Partnership Arrangement (CEPA), various jewellery  products originally subject to tariff rates between 3 per cent and 35 per cent  can be exported from Hong Kong to the Mainland tariff-free. This arrangement is  conducive to the development of the jewellery industry in both places." 

     The five-day Hong Kong International Jewellery  Show is being held at the Hong Kong Convention and Exhibition Centre starting  today. Various local and overseas exhibitors have joined the show, which focuses  on exhibiting finished jewellery products. The HKTDC is also holding the Hong  Kong International Diamond, Gem and Pearl Show at AsiaWorld-Expo as a  specialised trade platform for loose stones and jewellery raw materials. The two  jewellery shows have this year attracted over 4 300 exhibitors from 52 countries  and regions as participants.