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Diamonds shine brightest at Hong Kong Trade Shows

Diamonds led all gemstones in popularity at 29%, with rubies second at 25% and pearls third at 20%

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Diamonds retained their crown as the jewelry industry’s most coveted stone at this year’s Hong Kong trade shows, but the broader market narrative that emerged from the events was one of measured confidence rather than exuberance — a reflection of an industry navigating uncertain global economic currents.

The Hong Kong Trade Development Council, which organizes the Hong Kong International Jewellery Show and the companion Diamond, Gem & Pearl Show, surveyed 1,509 exhibitors and buyers across the two events, held March 4–8. The results, released Sunday, offer a useful barometer of where the trade believes demand is heading.

Diamonds led all gemstones in popularity at 29%, with rubies second at 25% and pearls third at 20% — a ranking that broadly tracks with the premium end of the market, where heritage and scarcity continue to command premiums. Yet the more telling signal may lie in what category exhibitors expect to drive growth: trendy fashion jewelry, cited by 57% of respondents as having the strongest near-term potential, outpaced precious jewelry at 35% and designer jewelry at 21% by a considerable margin.

That gap matters. Fashion jewelry — typically lower price points, faster turnover, more accessible to younger consumers — suggests the industry is hedging, cultivating a broader customer base even as it maintains its traditional focus on high-value stones and metals. Yellow gold reinforced that theme, cited by 40% as the most popular precious metal, benefiting in part from sustained investor and consumer interest in gold as both adornment and store of value.

The Hong Kong government’s budget, released earlier this year, may lend additional support. Authorities outlined plans to strengthen the city’s position as an international gold-trading hub — a policy signal the HKTDC noted could add momentum to the local jewelry market at a time when the city is working to reassert its role as a premier commercial gateway.

On the demand side, respondents identified Korea, ASEAN countries, mainland China, Taiwan and Australia as markets with meaningful growth potential over the next two years — a geographic spread that underscores Asia’s continued centrality to the global jewelry trade even as Western luxury demand has shown signs of softening.

The mood among survey participants was cautious rather than buoyant. Nearly half — 49% — expected overall industry sales to hold steady, while 44% anticipated improvement over the next one to two years. That combination speaks to an industry that has absorbed recent shocks but is not yet prepared to declare a clear recovery. With roughly 80,000 buyers attending the two shows in total, the events themselves suggest the trade remains active and engaged, even if dealmakers are keeping their expectations grounded.

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DiamondBuzz

De Beers – The New Power Move: Why Natural Diamonds Are The Definitive Daily Essential For The Modern Indian Man

Natural Diamonds Are Emerging As the Ultimate Symbol Of Personal Style, Achievement, and Everyday Luxury For India’s Modern Male Consumer.

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Masculine style in 2026 has a new focal point. The conversation around men’s jewellery has moved away from traditional ceremonial wear toward a more personal, everyday expression of identity. Whether it is a signature chain, a sculptural pendant, or a bold ring, natural diamonds have become the primary medium for this new aesthetic.

The data confirms this shift: recent industry research shows that 52% of acquired diamonds in India are now worn every day.

This cultural transformation is most visible where performance meets high-profile style. Indian cricketers are leading the charge, wearing natural diamonds both on and off the field as a mark of their personal journey and quiet confidence. From training sessions to post-match press conferences, icons like Suryakumar Yadav, Abhishek Sharma, and Hardik Pandya treat their bespoke diamond pieces as an extension of their professional “armour.”

This ease with luxury is mirrored globally; Formula 1 icons like Lewis Hamilton have long made natural diamonds central to their paddock style, while the red carpet has seen a surge in unconventional masculine styling. Recent appearances by Jay-Z, who wore a vintage diamond brooch at the collar, highlight that natural diamonds are a core part of the modern fashion vocabulary.

The primary driver of this shift is the Gen Z and Millennial male. Broadly the 18 to 38 age group, this demographic is urban, digitally fluent, and possesses a strong personal aesthetic. Gen Z alone now generates 51% of the total natural diamond market value in India, a 19% increase since 2022.

Most importantly, self-purchase is replacing gifting as the dominant entry point. Men are now research-driven and decisive, choosing to buy natural diamonds to mark professional achievements or simply to refine their daily personal brand.

While Tier 1 metros remain the primary base, aspiration is expanding rapidly into Tier 2 and Tier 3 cities. As high-income Indian households are forecast to grow by 16% through 2030, the male natural diamond consumer of tomorrow is younger, more stylistically confident, and far more willing to invest in himself.

This demand is also shaping a new design language. The lone solitaire stud is being replaced by architectural silhouettes, layered chains, chunky bracelets, and rings with clean, geometric lines. Princess and baguette cuts are increasingly preferred for their sharp, masculine appeal.

As we look toward the next decade, this momentum is only set to accelerate. What began as a styling choice on the cricket pitch has matured into a cultural standard of authenticity and permanence. For the modern Indian man, a natural diamond is more than a luxury, it is an enduring signature of his unique journey.

In an era of fleeting trends, this shift toward the rare and the timeless signals a future where masculinity is defined by a legacy that stays forever.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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