RAPAPORT… The Carat+ show opened on Sunday, helping to raise
sentiment in the Antwerp diamond market.
Exhibitors noted busy visitor traffic on the opening day,
which culminated in the Carat+ Night event, featuring actress Elizabeth Hurley
as the guest of honor. More than 2,400 professionals attended on Sunday, which
was beyond expectations for the second edition of the show, organizers said.
Traffic was slower on Monday morning, with exhibitors
reporting mixed feedback about the market in general.
“We’ve entered a quieter period of the year,” explained
one Antwerp-based exhibitor. “Prices are stable but the bigger problem at the
moment is demand. Buyers bought enough goods at the beginning of the year.”
A few suppliers said the show was better than last year,
and most agreed it was an important event for the Antwerp diamond community,
even if orders were relatively slow.
“We need to be here because it’s in our hometown, and we
want events like this to take place here,” said one supplier of high-end loose
diamonds and jewelry. This, at a time when many suppliers are limiting the
number of shows at which they exhibit. Some noted they’d pulled out of the
Baselworld show due to the high cost of sending goods and exhibiting.
At the glitzy opening event, Hurley talked publicly about
how her career as an actress and model had created opportunities to wear
exceptional high jewelry. She also spoke about how she had developed a fascination
with vintage and one-of-a-kind diamond pieces over her years in show business.
“With a huge number of guests arriving for the occasion, Carat+
Night has cemented itself as a must-attend event for Antwerp’s diamond sector
and professionals from the international diamond and diamond-jewelry markets,”
the organizers said.
Elizabeth Hurley Bedazzles at Carat+
The Bottom Line
- The Carat+ show attracted over 2,400 professionals on opening day, exceeding expectations for its second edition.
- Exhibitors reported stable diamond prices but noted a slowdown in demand, attributing it to buyers having stocked up earlier in the year.
- Some suppliers emphasized the importance of local events like Carat+ despite slower orders and the trend of reducing participation in costly international shows.
Summary by Rapaport AI
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