China Diamond Jewellery Market

Additionally youth in china prefer low purity gold jewelry for day to day use.

China diamond jewellery market.

The male jewelry market is still in the early stage of its development therefore opportunities for brands are many. The new diamond retail market the yen for diamonds mainly for engagements is a western concept. The report also provides detailed analysis of the china gold diamond platinum and other gems and jewellery market. The diamond midstream the industry s link between african mines and jewelry stores in new york london and hong kong is being squeezed like rarely before.

It began in the us with a genius marketing campaign by debeers and carried on through popular hollywood culture until diamonds really were considered a girl s best friend. Diarough s parikh believes that opportunities in the diamond jewellery market are expanding. The jewellery market has been segmented on the basis of type assortment. According to hype asia china s total jewellery retail sales reached up to 265 billion yuan us 38 8 billion in 2019 alone with an average monthly turnover of 24 billion yuan but the market.

Furthermore we strive to continue to gain international market share and recognize the increasing competitiveness of the industry. However diamonds are becoming increasingly popular due to the increase in disposable income. This is expected to drive the gold imports in china on a large scale fueling market demand. The diamond fashion jewellery industry in china is expected to generate 6 billion by 2020 and this may be realised much earlier since things are happening so fast in china diamond jewellery.