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From May 11 to 14, gemstone and jewelry professionals will exhibit at the GemGenève trade show in Switzerland. In total, more than 190 exhibitors and 20 countries represented will testify to the good health of the sector.
Like luxury goods, the jewelry industry is thriving despite uncertain times. Gem dealers and other professionals in the sector are meeting for the 6th edition of the GemGenève show, from May 11 to 14.
190 exhibitors will occupy the stands at Palexpo, the Geneva Convention and Exhibition Centre. More than 20 countries are represented, with the United States, Switzerland, Hong Kong and Germany leading the way. Americans account for a quarter of the total while Brazil is making its debut with its first participation.
“We recorded more than 5,200 visits during the previous edition in the fall of 2022, compared to 3,800 in 2021”, said Ronny Totah, co-founder of the event alongside Thomas Faerber, both Geneva-based gem and jewelry dealers.
Asked about the transactions, the organizer confides that “it is always difficult to answer because each branch has its own evolution. The gemology does not fit into a single market. But given the high demand for exhibitor participation, it is undoubtedly commercially interesting.”
Healthy market
Ronny Totah, who attended the Hong Kong International Jewellery Show (HKTDC) held for the first time in three years in early March, notes that the global gemstone and jewelry market has returned to the levels recorded before the global pandemic.
“The increased appearance of private buyers is noticeable. However, on the business side, we are seeing a wait-and-see attitude towards higher prices. After the long absence from the Chinese market, a certain amount of adjustment time is necessary.”
For Thomas Faerber, the sector has not experienced a panic effect regarding inflation and the market is in good shape.
“The market is healthy thanks in part to its diversity of diamonds, pearls, antique and contemporary jewelry in circulation. In addition, colored stones are increasingly popular,” he said.
In addition to the conferences and round tables organized during the show, a think tank on issues of supply or ecology will hold a working session. The initiative is carried out in collaboration with the association Gemmologie & Francophonie.
The younger generation at the rendez-vous
The Gem and Jewelry Show is organized in parallel with Geneva Luxury Week, an event of auctions, conferences and exhibitions. But for the representatives of GemGenève, it “is not just a commercial event, but the representation of the fabric formed by all the actors of the market who transmit their passion and by the young generations who will perpetuate it.”
Emerging talents and specialized schools such as the Geneva University of Art and Design (HEAD) have an important place in this hub, preparing “not the next edition but the next generation“. This is evidenced by the Salon’s Instagram account, which has grown from 14,700 followers to 23,000 in one year, and the intervention at a conference of the renowned influencer Katerina Perez.
Already used for some processes, artificial intelligence will have its place in a few years, say the representatives of the Salon. For Nadège Totah, daughter of the organizer, “the progression of ChatGPT for example is quite frightening, even dangerous for the quality of the profession. But coupled with imagination, the fusion of heritage and innovation are driving the industry forward.”
Read also >Saint Laurent launches a high jewelry line
Featured photo : © Katerina Perez[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
From May 11 to 14, gemstone and jewelry professionals will exhibit at the GemGenève trade show in Switzerland. In total, more than 190 exhibitors and 20 countries represented will testify to the good health of the sector.
Like luxury goods, the jewelry industry is thriving despite uncertain times. Gem dealers and other professionals in the sector are meeting for the 6th edition of the GemGenève show, from May 11 to 14.
190 exhibitors will occupy the stands at Palexpo, the Geneva Convention and Exhibition Centre. More than 20 countries are represented, with the United States, Switzerland, Hong Kong and Germany leading the way. Americans account for a quarter of the total while Brazil is making its debut with its first participation.
“We recorded more than 5,200 visits during the previous edition in the fall of 2022, compared to 3,800 in 2021”, said Ronny Totah, co-founder of the event alongside Thomas Faerber, both Geneva-based gem and jewelry dealers.
Asked about the transactions, the organizer confides that “it is always difficult to answer because each branch has its own evolution. The gemology does not fit into a single market. But given the high demand for exhibitor participation, it is undoubtedly commercially interesting.”
Healthy market
Ronny Totah, who attended the Hong Kong International Jewellery Show (HKTDC) held for the first time in three years in early March, notes that the global gemstone and jewelry market has returned to the levels recorded before the global pandemic.
“The increased appearance of private buyers is noticeable. However, on the business side, we are seeing a wait-and-see attitude towards higher prices. After the long absence from the Chinese market, a certain amount of adjustment time is necessary.”
For Thomas Faerber, the sector has not experienced a panic effect regarding inflation and the market is in good shape.
“The market is healthy thanks in part to its diversity of diamonds, pearls, antique and contemporary jewelry in circulation. In addition, colored stones are increasingly popular,” he said.
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From May 11 to 14, gemstone and jewelry professionals will exhibit at the GemGenève trade show in Switzerland. In total, more than 190 exhibitors and 20 countries represented will testify to the good health of the sector.
Like luxury goods, the jewelry industry is thriving despite uncertain times. Gem dealers and other professionals in the sector are meeting for the 6th edition of the GemGenève show, from May 11 to 14.
190 exhibitors will occupy the stands at Palexpo, the Geneva Convention and Exhibition Centre. More than 20 countries are represented, with the United States, Switzerland, Hong Kong and Germany leading the way. Americans account for a quarter of the total while Brazil is making its debut with its first participation.
“We recorded more than 5,200 visits during the previous edition in the fall of 2022, compared to 3,800 in 2021”, said Ronny Totah, co-founder of the event alongside Thomas Faerber, both Geneva-based gem and jewelry dealers.
Asked about the transactions, the organizer confides that “it is always difficult to answer because each branch has its own evolution. The gemology does not fit into a single market. But given the high demand for exhibitor participation, it is undoubtedly commercially interesting.”
Healthy market
Ronny Totah, who attended the Hong Kong International Jewellery Show (HKTDC) held for the first time in three years in early March, notes that the global gemstone and jewelry market has returned to the levels recorded before the global pandemic.
“The increased appearance of private buyers is noticeable. However, on the business side, we are seeing a wait-and-see attitude towards higher prices. After the long absence from the Chinese market, a certain amount of adjustment time is necessary.”
For Thomas Faerber, the sector has not experienced a panic effect regarding inflation and the market is in good shape.
“The market is healthy thanks in part to its diversity of diamonds, pearls, antique and contemporary jewelry in circulation. In addition, colored stones are increasingly popular,” he said.
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