Hong Kong: Strong Demand for Fine Gemstones

Hong Kong: Strong Demand for Fine Gemstones

Demand for high-end jewelry and fine-quality gemstones remains strong, with Indian jewelers purchasing for their domestic market emerging as increasingly influential buyers at international jewelry and gemstone shows. While attendance from mainland China has improved, purchasing activity remains selective and relatively subdued. Prices for fine unheated rubies continue to rise as top-quality material becomes increasingly scarce, while sapphire supplies remain tight despite relatively stable pricing at the show. Strong demand from India is also encouraging emerald suppliers to release older inventory accumulated over previous years. Meanwhile, rubellite is showing renewed momentum, with signs pointing to a potentially significant resurgence in the coming months.