HK's jewelry exports hit HK$33.8 bln in 2007

Hong Kong's jewelry exports surged 17% to reach HK$33.8 billion (US$4.3 billion) last year, mainly boosted by the emerging markets, according to Hong Kong Trade Development Council 's (HKTDC)Jewelry Advisory Committee.

The biggest markets are the U.S and the European Union. Of them, the U.S. accounted for 44.6% market shares, along with the UK of 23.5% and Switzerland of 7.6% respectively, according to the HKTDC statistics.

The emerging markets include Russia, with the exports growth of 177%, the United Arab Emirates of 39%, India and the Chinese mainland, with the growth of 45% and 13.5%, respectively, according to the announcement by the Chairman of the Jewelry Advisory Committee Charles Chan. at the opening ceremony of the Hong Kong International Jewelry Show Tuesday.

The exports to South Africa and Greece also gained sound growth, up 61% and 40% respectively.