Propelled by supports from our members and
various industry players, the Diamond Federation of Hong Kong (DFHK) has been
playing a leading role in the development of diamond industry in Hong Kong
since its inception 15 years ago. Not being complacence with the coveted title
of "Diamond Center In Asia”, DFHK had launched the long-awaited "Natural
Diamond Quality Assurance Mark” Scheme in 2015, which would be another key
milestone for the development of Hong Kong diamond industry.
will remain in challenging for the
foreseeable further and the industry is
expected to encounter continual headwind in rising operational costs.
Nevertheless, the Federation will endeavor to vigorously spearheading the
promotion of the "Natural Diamond Quality Assurance Mark” to stimulate demand
via strengthening consumers’ confidence in
ownership of diamond jewelry in Hong Kong. At the same time, we will undertake
actions to expand the mark scheme to include the upstream suppliers to ensure
full genuine quality compliances throughout the entire value chain. We are
confident that these combined efforts in the pipeline will lead to further
sustainable growth in our diamond industry as a whole.
Improvement and Leading by Example
Hong Kong being the preferred diamond trading
platform in Asia handles an annual volume of close to USD 4.5 billion worth of
diamonds which represents a significant share of the global diamond trade.
Thanks to the solidarity and concerted efforts of the Federation’s members and
partners, Hong Kong’s diamond industry has continued to improve its industry
governence and cement its leadership as one of the premier diamond centres in Asia.
Among the Federations recent initiatives and accomplishments are assisting in
the formulation of the Trade Ordinance, establishing the definition of the term
"Natural diamond”; brought in the worldwide scheme of the "Kimberley Process
Certification” in certifying the source of the rough diamonds in and out of
Hong Kong; and signing of an agreement with the Shanghai Diamond Exchange to
facilitate member access to the diamond market in China.
Through Global Expansion
In the coming year, diamond industry must be
ready to embrace the challenges brought forward by the internet and
globalization. Every segment of diamond pipeline from sourcing, manufacturing
to wholesale and retail, must be well prepared and ready to operate
competitively toward seeking continual growth in a relatively stable and mature
market environment. Sustaining a
continual growth with a global perspective and a commitment to shared
prosperity, while upholding the Hong Kong spirit of diligence, drive,
resilience and flexibility will enable our diamond industry to progressively
gain a wider global exposure and market share over a long run.
On behalf of the Federation, I wish you all a
very prosperous year ahead and look forward to closely working with each one of
you to propel our diamond jewelry industry into another Year of Excellence!