Baselworld has reduced prices for diamond exhibitors by 10% to 15%, after rising costs had prompted companies to abandon the annual show.
The move ensures its prices match those of the competing GemGenève fair, a Baselworld spokesperson told Rapaport News Tuesday.
The 2019 edition of Baselworld, beginning Thursday, will still see a 10% drop in the number of exhibitors in Hall 3, which houses loose-diamond companies. But the decline, to a total of 120, has slowed compared with last year, as the trade responded positively to new management’s initiatives aimed at repairing a damaged relationship between organizers and diamond exhibitors, the spokesperson noted.
Read more about the 2019 edition of Baselworld on the Rapaport website now HERE