Held from 8 to 12 May, Jewelry Shanghai 2014 was co-organized by the National Gems & Jewelry Technology Administrative Centre (NGTC), Gems & Jewelry Trade Association of China (GAC), Shanghai Gold Exchange (SGE), Shanghai Diamond Exchange (SDE), Shanghai Gold & Jewellery Trade Association (GJTAS), Shenzhen Gold & Jewelry Association (SZGJA), Gems& Jade Trade Association of Shanghai (SGJTA).There were more than 2,000 booths set up in the Shanghai World Expo Exhibition &Convention Center (SWEECC) for the show. According to the organizer, there were about 1,000 companies from 22 countries and regions including the United States, Israel, Thailand, Korea, Sri Lanka, India, Myanmar, Poland, etc.
The vice general secretary of GAC， Yang Sisan noted in the opening ceremony, since 1980s, China’s jewellery industry has been keeping developing in a fast pace. While in recent years, the growth slowed down due to the macro economic situation at home and abroad. In 2013, the total sales value in the jewelllery industry reached to RMB 470 billion. Jewellery products export in value was US$ 50.09 billion. Mainland China is still recognized as one the of most vigorous jewellery markets.
By inviting specialists from coloured gemstone, diamonds, jadeite and jade carving sections, the organizer held several seminars on the potential and outlook of high-end jewellery collection and investment for the rising affluent consumers in Mainland China.
SDE led 20 diamond companies exhibited at the Diamond Pavilion. Some diamantaires told Hong Kong Jewellery that business for loose diamonds was slow in the show. For the gemstone section housed exhibitors from the International Colored Gemstone Association (ICA), Sri Lanka and Thailand pavilions, traffic was quite busy due to the growing popularity of coloured gemstones.
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