Trade: Jewelry sales brighter
Updated: 2006-04-29 14:39
China's jewelry sector is expected to sparkle by more than 40 percent in five
years on the back of the country's sizzling economy. Sales of diamond, gold,
platinum and other jewelry are set to top 200 billion yuan (US$25 billion) in
China by 2010, Yang Sisan, secretary general of Gems and Jewelry Trade
Association of China, said yesterday in Shanghai. (Shanghai Daily)
China is turning into a destination where luxury goods merchants love to
linger and start their business. After entering the Chinese market, many top
global sedan sellers marvel at its consumption capacity one after another. At
present, the luxury goods market in mainland China is roughly valued at 2
billion US dollars and makes up 3 percent of the US$65 billion overall global
luxury goods sales. (Chinanews.cn)
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