jshepherd
Pearl Paradise
- Joined
- Jun 22, 2004
- Messages
- 6,344
Hong Kong’s re-export of pearls took a small dive in 2003, dropping 9% from 2002 to US$264 million. This is mainly due to drop in exports of nearly 64% to Australia, and more than 10% to Japan. Exports to Germany, however, were up more than 10% for the same period.
While exports dropped imports of worked and unworked cultured pearls increased more than 5% during 2003. This is most likely due to the increase in manufacturing of jewelry with pearls.
This does not necessarily signify a bleak outlook for years to come. A similar drop in re-exports occurred in 2001, dropping from US$268 million in 2001 to US$260 million in 2002. This after a steady 8-9% yearly increase from 1995.
While exports dropped imports of worked and unworked cultured pearls increased more than 5% during 2003. This is most likely due to the increase in manufacturing of jewelry with pearls.
This does not necessarily signify a bleak outlook for years to come. A similar drop in re-exports occurred in 2001, dropping from US$268 million in 2001 to US$260 million in 2002. This after a steady 8-9% yearly increase from 1995.
