Description
China`s vibrant consumer market has spurred the development of the jewellery industry and attracted industry players from around the world. To help them further tap into the potential of this developing market, veteran jewellery fair organiser UBM Asia Ltd organises a mid-year show in Guangzhou, a dedicated international trading platform for the jewellery industry. If you are an overseas player planning to explore the China market, or a local trader planning to establish presence in the international market, don`t miss the opportunity to be a part of the show.
Guangzhou the right choice
Guangzhou is the major cities in China that`s ideal for overseas investors to use as a springboard into the China market, for many reasons:
- Strategically located in the Pearl River Delta and enjoys good transportation system, whether land, water or air, that facilitates trading
- Trading hub for jewellery products and materials from surrounding provinces
- Ranked the sixth most competitive Chinese city, and is also among the Top 10 cities in China with the highest consuming power.
- Turnover of jewellery import and export is steadily on the rise, in which the import and export turnover of pearls, diamonds, gemstones and semiprecious stones totalled RMB 871 million (about US$127 million) from January to February 2010, up 10.3 percent compared to the same period last year.
- It has a flourishing jewellery processing and manufacturing industry, with production facilities spread all over Panyu, Huadu and Conghua.
Panyu jewellery
With the support of district government over the past 20 years, Panyu`s jewellery industry has successfully established itself in the international market. The city`s highly skilled craftsmen and relatively low labour cost have attracted many international firms to set up their factories in Panyu. About 60 percent of Hong Kong`s jewellery production, by volume, is made or processing in Panyu, demonstrating its important role in the industry. In addition to supplying the demand from overseas markets, Panyu`s manufacturers have also been putting great effort in brand-building and in developing the domestic market.
China`s jewellery industry - a growth engine
Despite the economic challenges last year, China`s jewellery consumer market performed well. Analysts estimate that China`s domestic jewellery consumption this year will grow by 16 percent, making China an oasis of global jewellery sales.
Gold
China`s gold mining industry reached new heights in 2009 when its gold output reached 314 tons, up 11.3 percent compared with 2008. This outstanding performance has enabled China to retain its position as the world`s biggest gold miner for three years now. China is the only nation in the world with increasing demand for gold jewellery. Its demand for gold for use in jewellery manufacturing increased 6 percent to 347.1 tons in 2009, from 326.7 tons in 2008.
Diamond
China is one of the world`s biggest consumers of diamonds, with annual sales of RMB 30 billion (about US$4.3 billion). China outranked Japan in 2009 as the world`s second largest diamond market.
Coloured Gemstones
Following the success of its congress in Panyu in May 2009, the International Colored Gemstone Association (ICA) continues to line up cooperation deals between the local and overseas gemstone dealers.
Platinum
China is the world`s biggest consumer of platinum. According to figures from the Platinum Guild International, China`s consumption of platinum jewellery from September to December 2009 doubled from the same period in 2008.
Pearls
China remains the world`s biggest producer of freshwater pearls. Over 95 percent of the world`s freshwater pearls are produced in China.
Act now to participate in UBM`s China International Gold, Jewellery & Gem Fair!
