Industry Analysis & Industry Trends
As household incomes rose and living standards improved, jewelry purchases have increased rapidly in China. For China's most popular jewelry category, gold jewelry, consumption volumes in China increased from 224.1 tons in 2004 to 886.1 tons in 2014, representing annualized growth of 14.7% for that period. In the five years through 2015, total revenue for the Jewelry Store industry in China has been growing at an annualized rate of 14.5% to $90.3 billion. China has become the largest consumer of gemstone, jade, platinum and gold jewelry in the world, and the second-largest consumer of diamond jewelry after the United States.
Jewelry price levels fluctuated greatly in recent years due to strong dollar trend and decreasing demand of luxury goods.... purchase to read more
Industry Report - Industry Products Chapter
Gold jewelry is the most popular jewelry product in China, accounting for about 60.0% of industry revenue. Over 80.0% of gold in China is processed into jewelry and the remainder is used in the manufacturing sector. Annual domestic consumption of gold jewelry has increased from less than 250 tons in 2005 to 886.1 tons in 2014, and China is now the largest gold jewelry consumer in the world.
Gold jewelry is particularly popular in rural areas. In urban markets, jewelry manufacturers have been introducing more innovative and fashionable elements to attract young consumers. Due to decreasing price of gold in 2013, gold products consumption volumes was largely increased 41% from 2012... purchase to read more