China's jewelry market development and prospects

China's jewelry market, after just a few years, has been a few years ago only 1% of the world ranking in the world after the United States and Japan.

China's jewelry sales in 2005 totaled about 140 billion yuan and export 5.49 billion U.S. dollars, sales largest in the world, gold production of 225 tons, 6,000 tons of silver, respectively, and the third ranked fourth in the world. 

 
In 2006, with China's economic development, people's consumption level, jewelry is becoming the housing, cars, people in China after the third largest consumer hot spot. By 2007, the market will be more prosperous, according to the Ministry of Commerce of key monitoring data show that circulation enterprises, January-May 2007 consumption of gold and silver jewelry, more than in 2006 accumulated growth of 34.6% over the same period, the growth of commodities of 28 categories of monitoring fastest commodity. In addition, the August 2007 national consumption jumped 53% in gold and silver jewelry.

The third quarter of 2008, gold demand rose strongly, reaching 31.8 billion, of which investment demand rose 51% over 2007. By 2010, China's jewelry annual sales will exceed 2,000 billion yuan, exports of over 7 billion U.S. dollars, is expected to become the world's jewelry processing and consumption centers, but also will become the world's jewelry trade centers.