Wednesday, 15th December 2004 (4218 views)

Demand for jewellery is rising in China, according to Fibre to Fashion.

Latest figures from the China Gem Association reveal that demand is rising for jewellery in metals including gold and platinum.

A key factor behind the increase is the growing middle class in China as economy prospers and people have more to spend on more luxury items.

In addition, experts feel that jewellery growth does not show much sign of slowing down, despite a recent slowdown in the automotive sector in China.

Sun Fengmin, Secretary General of the China Gem Association, explained that the jewellery sector is experiencing double digit growth and the increased demand for gold, diamond and platinum products has created a market worth up to $12 billion.

 

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