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New HKGMA president upbeat on industry outlook

24 July 2019

By Christie Dang   

Fan Xiao Bin, new president of the Hong Kong Gemstone Manufacturers’ Association, talks about his vision and mission, and his outlook on Greater China’s gemstone industry.

Fan Xiao Bin, president of the Hong Kong Gemstone Manufacturers’ Association


Newly appointed Hong Kong Gemstone Manufacturers’ Association (HKGMA) President Fan Xiao Bin was actively involved in the real estate, construction and hotel businesses before entering the gemstone industry. He acquired his gemstone knowledge and expertise through the development of mega projects such as gem manufacturing and trading centres in his home town of Shanwei in eastern Guangdong province, which is home to the country’s major gemstone trading hub.

What is your top priority as the new president of HKGMA?

Ever since our Honourary Life Founding President Wong Tai Wah established the association in 2005, we have been led by men with a great vision and members have been united by a clear mission: To collectively build a better business environment for the entire gemstone industry, and to further strengthen the competitiveness of Hong Kong gemstone dealers so we can tap new business opportunities. With unwavering support from our members and the industry, we will continue to carry out this mission. I am confident that we can achieve even greater results in the years to come.

What is your assessment of the gemstone market in Greater China?

The magnitude of and readiness for economic development in the Greater Bay areas are immense, with the rapid development of China’s economy and infrastructure in recent decades. The area has developed into an ideal platform for both gemstone suppliers who need to establish a large-scale manufacturing base for production, and for jewellery wholesalers and retailers to expand their sales network. Furthermore, the close proximity between Hong Kong as an international financial hub and cities in the southern part of China provides great synergy. It will certainly benefit the gemstone industry in the whole region. I am optimistic about the long-term development of the gemstone sector especially in the Greater China region.

Our mission is to collectively build a better business environment for the entire gemstone industry.