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 716.5 tons in 2013, representing annualized growth of over 20.0%. In the five years through 2014, total revenue for the Jewelry Store industry in China has been growing at an annualized rate of 22.9% to $98.9 billion. China has become the largest consumer of gemstone, jade and platinum jewelry in the world, and the second-largest consumer of gold jewelry (after India) and diamond jewelry (after the United States).
Jewelry price levels fluctuated greatly in recent years due to global financial volatility.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Due to increasing household income levels in China, industry value added is expected to increase 18.0% per year on average over the 10 years through 2019, much faster than that of China's overall GDP (about 7.3% per year) during the same period. allowing temporary slower growth in 2012 and 2013, the jewelry retailing industry is expected to enter another round of strong growth.
China has become the largest consumer of gemstones, jade and platinum jewelry in the world, and the second-largest consumer of gold jewelry (after India) and diamond jewelry (after the United States). However, per-capita jewelry ownership and consumption in China is significantly lower than global averages... purchase to read more