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Jewelry and Diamonds Glitter in the Greater Bay Area

2019-11-28

Guided by Panyu District People’s Government, Gems & Jewelry Trade Association of China (hereinafter referred to as “GAC”), China Gold Association, and Guangdong Exchange Holding Group, supported by Shanghai Diamond Exchange, and jointly organized by Guangzhou Diamond Exchange and Guangdong Gems & Jade Exchange (hereinafter referred to as “GZDE” and “GDGJE” respectively, and “two exchange” collectively), the Guangzhou International Jewelry and Diamond Conference 2019 was opened on November 21. It was attended by more than 600 industry professionals from Russia, Switzerland, Belgium, Israel, India, Germany, the Netherlands, France, the United States, Australia, South Africa, Colombia, Thailand, Sri Lanka, Myanmar as well as Hong Kong, Macau, and Taiwan of China.
 

Guangzhou Municipal People’s Government, Panyu District People’s Government, GAC, China Gold Association, World Federation of Diamond Bourses, and Guangdong Exchange Holding Group attended the opening ceremony and witnessed the two exchange signing Memorandum of Understanding with partners including International Gemological Institute (hereinafter referred to as “IGI”), Grib Diamonds, Earth Sciences and Engineering School of Sun Yat-sen University (hereinafter referred to as “SYSU”), SYSU Press, the Gemological Institute of Guilin University of Technology, Myanmar Gems and Jewelry Entrepreneurs Association, Colombian Emeralds Exporters Association, Gem and Jewelry Institute of Thailand, CGICP, Shenzhen Duizhuang Technology Co., Ltd., and Guangdong Land (Shenzhen) Co., Ltd.

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During the opening ceremony, GDGJE launched the “Jewelry Release” Convergence Media platform and “Chinese Jewelry-Greater Bay Area (hereinafter referred to as ‘GBA’) Travel”. The Convergence Media platform, hosted by GDGJE, adopts the model of “media leadership + content promotion + diversified cooperation + integration” to provide comprehensive services such as cultural communication, online courses, advertising and publicity, with a view to becoming the first convergence media platform for the jewelry industry to improve the upgrade of jewelry industry innovation. “Chinese Jewelry - GBA Travel” is the world’s first documentary on the jewelry industry in the GBA jointly sponsored by GDGJE and TVS-2, with support from various jewelry industry bases in the GBA. It aims to promote the jewelry industry and raise the industrial influence in GBA.

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The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area points out that efforts will be made to “improve the market integration in the GBA, comprehensively achieve synergy with the international high standard market rules, accelerate the construction of a new open economy system, open up in an all-round manner, achieve new advantages in international economic and trade cooperation, and provide strong support for the implementation of the Belt and Road Initiative.” 

 

At the “Jewelry and Diamond Glitter in the GBA” main forum, Yu Chunmin, Director of the Membership Department of GAC, introduced the distribution of the jewelry industry in the GBA; Mao Yanhua, Professor of the Institute of Guangdong, Hong Kong and Macao Development Studies, SYSU and Vice President of the Institute of Free Trade Zones, SYSU, gave a thorough interpretation of “Policy Advantages and Trade Environment in the GBA”; Johnny Wan, Director of Exhibitions Market Development, Hong Kong Trade Development Council, proposed and prospected the role of Hong Kong jewelry exhibition industry in the jewelry industry cluster in the GBA. The three speeches provide ideas and reference for jewelry enterprises in the GBA to deepen cooperation and achieve innovative development.

 

Paul Zimnisky, an well-known independent analyst of the diamond industry; Henry Ho, Vice President of the International Colored Gemstone Association; and Guillermo Galvis, President of Colombia Emerald Export Chamber of Commerce delivered keynote speeches on topics as the state of global diamond supply and demand, insights on global colored gemstone industry in 2019, and expansion and future of the global emerald market, bringing up-to-date development trend and market information.

 

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Embracing change and achieving innovative development have become the main theme of the industry. On the afternoon of November 21,there were two parallel sub-fora. 

At the Sub Forum 1 on “Diamond Industry Opportunity in a Changing World” held by GZDE, independent analyst Paul Zimnisky and Gemological Institute of America shared thoughts on the topics of “Supply Chain Transparency” and “Diamond Traceability”. Rapaport, De Beers, and National Gemstone Testing Centre interpreted the latest insights into the diamond industry, status and challenges of diamond testing in China. IGI proposed that grading of fancy cut diamond offers new opportunity for matured diamond industry. SYNOVA shared the DaVinci Diamond Factory, the First Automated Laser Full-Faceting System for Round Brilliants. Moreover, Bravva Consulting, Grib Diamonds, Socimon Anhui-Congo dAnhui-Congo din Minier, Cordmax Trading, and Evergreen Diamond, held panel discussion on the Supply and Market Development of Rough Diamond in China. 

 

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At the sub-forum on “Innovation on Jewellery Crafts and Techniques” held by GDGJE, the innovation trend of jewelry processing and manufacturing process, the beatify of jewelry art brought by intelligent customization, 3D printing and creative design of precious metal were interpreted in the context of Industry 4.0 and advanced manufacturing technology development. Meanwhile, many new ideas and practices were proposed during the sub-forum, such as the latest developments in supporting services of the jewelry industry, including public development of the jewelry industry service platform, the financial support and innovative model of jewelry process protection, and the rapid identification of original jewelry evidences and trusted transaction model. 

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Member enterprises of GDGJE released the latest innovative products at the forum. In order to help the effective synergy of universities’ intellectual resources and industry, and promote the application of educational achievements, the members of Education Committee of the Guangdong, Hong Kong and Macao Greater Bay Area Jewelry Industry Alliance including Jewelry Institute of Guangzhou Panyu Polytechnic, Guangzhou Nanhua Industry and Trade Technical School, and Shenzhen Institute of Technology displayed excellent works by students and introduced the latest achievements of cooperation between industry, universities and research institutes.

 

On November 22, GZDE held two special forums to propel the sustainable development of the lab-grown diamond industry and to share successful cases of jewellery sales innovation in the international and domestic jewellery and diamond industry. GDGJE held the “3rd Asia Jadeite Focus Forum” in concert with GAC, Myanmar Gem & Jewellery Entrepreneurs Association and Guangdong Institute of Diamond, Jade & Jewelry for interpreting the modernization amendments of the Myanmar gem law and discussing brand building and innovative development for jadeite industry.

 

 

Guangzhou, as the central driver of the GBA development, has a strong basis in the jewelry industry. Under the national goal of promoting the deep integrated development within the GBA and the theme of “Jewelry and Diamonds Glitter in the Greater Bay Area”, the 4th Guangzhou International Jewelry and Diamond Conference gives full play to the advantages of Guangzhou in bringing together and exerting influence in the domestic and international jewelry and diamond industry. It invites international and domestic industry elites and experts to interpret the global jewelry and diamond market trends, share successful experiences, explore cooperation opportunities, discuss development paths, so as to promote the full participation to the international economic cooperation of the GBA diamond and jewelry industry represented by Guangzhou in, and promote the high-quality development of the jewelry and diamond industry.

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