China is the second largest jewelry market in the world after the United States, and the consumption of some important jewelry products has ranked among the top in the world.
At present, the scale of China's jewelry industry has reached the level of 600-700 billion. In 2019, the scale of China's jewelry market reached the highest point of 707.3 billion yuan, and in 2020, affected by the epidemic, the growth rate of China's jewelry market turned negative to positive, and the market size was 615.4 billion yuan.
According to the forecast data of Quantuo database, China's jewelry industry will still maintain a growth trend in 5 years, and its market size will have a compound annual growth rate of CAGR of 4.5%, and it is expected that in 2026, the market size of China's jewelry industry will be 789.3 billion yuan.
In the past 10 years, China's jewelry industry has entered a stage of rapid development, whether it is an increasingly perfect industry, a gradually mature consumer market, a growing team of practitioners, or a gradually standardized industry, all of which have laid a solid foundation for the future development of the jewelry industry.
Since the opening of China's gold market, the import and export of gold and related products has gradually been regulated. In 2020, the export products of China's jewelry industry are sorted by amount, and the top three are "gold jewelry and its parts set with diamonds" (tariff number: 71131911), "other gold jewelry and its parts" (tariff number: 71131919) and "purity ≥99.99% forged silver" (tariff number: 71069110), the export value of these three products accounted for 31.57%, 23.05% and 20.65% respectively, and gold-related products accounted for more than half Gold jewelry is the most important export product of China's jewelry industry. The compound growth rate is above 200%.
Since the 1980s, Guangdong has become the province with the largest jewelry export volume in China, and the jewelry exports in Guangdong are mainly based on processing trade, of which the Guangzhou area is mainly based on diamond processing and export, while the gold and silver jewelry processing in Panyu and Conghua areas has long become one of the local characteristics and pillar industries. Guangdong's annual export volume of gold, silver and jewelry accounts for more than half of the country's total trade volume, and its export area is mainly Hong Kong.
Since China's accession to the WTO, China and the EU have increasingly trade exchanges, because China's products have incomparable advantages in cost in many countries, coupled with the increasing improvement of processing technology in recent years, the EU has gradually become an important export partner of China's jewelry industry.
China's vast land contains a wide variety of jewelry jade and precious metals. At present, in Guangdong, jewelry has become one of the important local industries. The expansion of processing capacity has laid a solid foundation for the export of products, and the export value of jewelry has increased more than other traditional bulk export commodities in China.
We are a professional production of 925 sterling silver inlaid and 14k & 18k gold inlaid jewelry manufacturer, well known at home and abroad. The processing plant is located in the world jewelry processing base in Panyu,Guangzhou City.
As a brand jewelry supplier of local and overseas’ market for more than 10 years, we offer one stop services including sketches, Jewel CAD, mould making, casting, filling, polishing, wax micro pave, hand inlay, electroplating.
We have mature skilled technicians, who are well versed in all kinds of highly difficult craftsmanship. In the spirit of excellence, we equip QC in each production department to strictly control the quality and strive to achieve each product meeting customer requirements. Exquisite workmanship and craftsmanship, perfect quality, prompt delivery and reasonable price are the basis of our survival.
And we are adhering to the business philosophy of “customer first, forge ahead” and upholding the principle of “customer first” to establish long-term mutually benefit and win-win cooperation with customers.
China has a huge market and huge market development potential, rich gem and jade resources and unique jewelry culture. As an emerging industry, the jewelry industry will occupy an increasing share of economic development.
Post time: Aug-16-2022