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Baselworld Reports 7% Rise in Trade Buyers

Approximately 100,700 visitors attend the show.
Mar 28, 2010 8:37 AM   By Avi Krawitz
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RAPAPORT... Attendance at Baselworld 2010 rose 7 percent compared with 2009, its organizers reported after the show wrapped. Approximately 100,700 trade buyers from 100 countries attended the eight-day event, they stated, adding that the show had aslo fueled optimism about the coming year within the jewelry market.

Based on its unique presence, Baselworld has secured its reputation as a highlight for the watch and jewelry industry, confirming its tremendous importance for all participants. Baselworld 2010 met their high expectations and breathed new life into the industry in the wake of challenging economic times.

“We are delighted with this year’s Baselworld. Without being euphoric, we can optimistically look ahead this year,” said Jacques Duchêne, president of the exhibitors committee.

Sylvie Ritter, the managing director of Baselworld, added that the upturn was evident in all areas of the show, “both in the watch and jewelry sectors and in the related brands.”

The exhibitors who spoke with Rapaport News, however, provided mixed reports about the event, noting that visitor traffic was steady during the first few days and peaked on Tuesday before turning quiet toward the conclusion of the show. Buyers and sellers remained cautious, causing the price of large stones, Baselworld’s signature item, to remain stable.

Rapaport News sources also observed strong demand for fine quality There was strong demand for fine-quality, 1- to 3-carat stones and large, round capes, with improving demand for D-G, VS1+ qualities, as well as for larger stones above 5.00-carats and I-M, SI goods. Buyers of 1.00-ct.-plus stones resisted higher asking prices, which they felt were based on speculative rough prices. There was good demand for fancy colors below 5.00 carats., particularly pinks and blues, while demand for 5.00- to 10.00-carat fancy colors was average, with suppliers meeting strong price resistance.

The next Baselworld has been scheduled for March 24 to March 31, 2011.

LH
Tags: Avi Krawitz, Baselworld, Exhibitions, Jewelry, Trade Shows
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