In total, the event, which ended on Thursday, attended by 106,000 customers, which is 4% less than in the previous year, said the exhibition organizers. According to National Jeweler, the number of exhibitors fell by 13% to 1300.
The organizers said they listened to feedback from exhibitors, limiting the duration of the show to six days in the next year instead of the traditional eight. Baselworld 2018 will be held from March 22 to 27 next year.
"We have decided to reduce the duration of the show and, accordingly, to adjust the price (to participate)," - says Sylvie Ritter, managing director of Baselworld. She added that the industry is going through a difficult period, and smaller companies have the greatest effects of the economic downturn.
According to the Federation of the Swiss Watch Industry (Federation of the Swiss Watch Industry) , the exhibition was held against the backdrop of the global recession watchmaking sector, and reduced by 10% of Swiss watch exports in 2016.
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Namibian authorities have indicated their concern the poor state of the diamond beneficiation in South Africa.
Meanwhile, some of the leading diamond producers in the world began their journey precisely in the south of the African continent.
Prime Minister of Namibia Saar Kuugongelva-Amadhila (Saara Kuugongelwa-Amadhila), quoted by the publication Southern Times, reported on the need to resolve this issue as long as the situation has not deteriorated.
At a conference on the diamond industry in Windhoek, she said that the number of workers employed in this sector has fallen from 2,000 to 700.
In South Africa, beneficiation sector employment fell from 3200 to a few hundred people, and in Botswana, the number of jobs in this industry declined at 2000.
"Diamond Conference (organized at the right time), because we all know that cutting and polishing sector is faced with certain problems, not only in Namibia, but also in the entire region Southern African development Community countries, as well as in countries that I lyayutsya world leaders in the diamond industry ", - said Kuugongelva-Amadhila.
She added that the number of jobs in the diamond industry worldwide decreased due to unfavorable economic factors.
"Fortunately, some of these large markets play a less significant role in the fate of cutters in southern Africa, we should pay attention to market fundamentals, institutional and structural problems I am sure that this conference discussed all these measures -.. Says Namibian Prime Minister -. We know that countries in the region, the Community development in Southern Africa are selling diamonds to local cutters and international last year, 56% of the world's diamonds by value in US dollars were produced in these countries, and 51% of Ob. mu. "
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