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  1. GIA to Close Israel Lab by Year End
  2. Richemont Sales in Asia Pacific Down
  3. AGTA Announces 2024 Spectrum & Cutting Edge Award Winners
  4. GIA Reports Animal-Like Inclusions in Natural Diamonds
  5. WFDB Encourages Industry Investment in Natural Diamond Marketing
  6. De Beers’ Tracr Platform to Disclose Single Country of Origin for Over 1.25ct Rough
  7. LVMH Watches and Jewellery Sales Drop 5 Percent For First Nine Months This Year
  8. Fancy-coloured Diamond Prices Show Overall Stability with Moderate Declines
  9. Gübelin Opens New Lab in Bangkok
  10. Sally Morrison Takes Larger Role in De Beers to Lead US Marketing
  11. Buccellati Executive to Lead Board of New Richemont Acquisition Jewellery Brand
  12. Weak Sales Recorded from Gemfields Emerald Auction
  13. Gübelin Opens New Lab in Bangkok
  14. Jewelers of America Announces 2024 CASE Awards Winners
  15. Chow Tai Fook Appoints New Chief to Lead Strategic Expansion in Southeast Asia and Globally
  16. Pandora Raises Full Year Growth Outlook Amid Strong Performance
  17. GIA Finds Natural-Looking Inclusions in Synthetic Ruby
  18. Hong Kong Luxury Retail Sales Down 23% in June
  19. De Beers Cancels August Sight, Combines with October Sight
  20. Petra Diamonds Postpones First Tender of New Financial Year
Read More...


HIGHLIGHT

  1. US market unfolds changes and potential
  2. The queen of gems, the gem of queens
  3. Classics return

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HKJM > News > HK watch fair confirms smart watch potential

HK watch fair confirms smart watch potential

The 36th Hong Kong Watch & Clock Fair ended on 9 September 2017 has attracted nearly 21,000 buyers from 92 countries and regions, a four-percent increase over the previous edition. Number of buyers from mainland China, Indonesia, Korea, Singapore, Vietnam, Canada, France, Iran, Russia and UK saw satisfactory growth, according to the Hong Kong Trade Development Council (HKTDC), co-organiser of the fair.

“Hong Kong exports a wide range of watches and related products, including analogue watches, electronic watches, jewellery watches, sports watches, as well as parts and components,” said HKTDC deputy executive director Benjamin Chau. “Many Hong Kong watch and clock companies have started developing ODM and OBM businesses. Amid the prevalent trend towards smart products, smart watches are also becoming more popular. To help the industry harness new business opportunities, the HKTDC set up the OEM Smart Watches and Wearable Tech zones at the fair to showcase branded smart watches, complete watches and parts, as well as technology solutions,” he added.

According to a survey conducted during the fair, more than half of the 834 respondents expect overall sales in 2018 to remain unchanged. For retail prices, 59 percent predict retail price to remain unchanged in 2018. Most of the respondents view Western Europe and North America to be the most promising traditional markets, while the Mainland and ASEAN countries are seen as having the best prospects among emerging markets.

Product-wise, smart watches (33 percent), digital analogue watches (23 percent) and automatic watches (17 percent) are viewed as the most popular categories, while leisure type watches (46 percent), smart watches (41 percent) and fashion watches (32 percent) are considered to have the biggest growth potential. Besides, watches that can interact with smart devices (47 percent), collections that align with current season’s fashion trends (33 percent) and mix & match watches with changeable parts to match clothing (29 percent) are predicted by respondents as the most prevalent product development strategies in 2018.

 

 

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