A survey of the jewellery market in China

The modern Chinese jewelry industry originated in the mid 1980s. Benefiting from the continuous and rapid growth of the national economy after the reform and opening up, the continuous improvement of people’s living standards and the continuous improvement of the industrial policy environment, China’s jewelry industry has developed rapidly, but it has been among the most important jewelry consumer markets in the world. Many important jewelry products, such as gold, diamonds, and Bao Yu, have been among the most important products in the world. Stone consumption ranks first in the world and has become one of the most important jewelry processing centers in the world. In 2013, the jewelry market in the mainland of China sold 470 billion yuan, more than 30% of the global jewelry market and about 50 billion US dollars in processing exports.

China’s jewelry industry has also played an active role in increasing employment and expanding domestic demand. Up to now, China’s jewelry industry has 24 jewelry and jade jewelry industry base and a number of jewellery industry clusters, with a total of nearly 6 thousands of jewellery enterprises and nearly 4 million employees, of which more than 1 million people are employed.

At present, China’s jewelry industry is developing from a fast growing stage to a mature stage. The industrial chain is improving day by day, the consumption market is steadily expanding, the industry development is gradually standardized, the workforce is expanding day by day, and the quality of personnel is constantly improving.