China's Jewelry Market, Diamond Market is The Fastest Growing Market

By Yang Tingting on September 14, 2010
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In recent years, the diamond jewelry market, the market is the fastest growing market, total market consumption rising. In the past year, an increase of more than 15% of diamonds sold in Mainland China became only the world's major economies to keep growing.

Hong Kong autumn auction in the same period and jewelry Session "held the top rare wines," the auction, Hong Kong, Taiwan and the mainland buyers accounted for the number of successful bidder of the auction market for 85% of the total number, the number of mainland wine buyers than last year 9.8%.

According to the U.S. "The Wall Street Journal" reports,cartier love bracelet, the best wine, watches and jewelry and other non-art auction of luxury goods in the international market, mainland China Regal driven up demand and the comprehensive situation. Christie said,cartier love bracelet price increase 2011, demand for wine from the Mainland last year increased by about 10% over the same period.

In such non-art luxury of so, on the most expensive diamond jewelry. And Christie's in Hong Kong Happy Valley will be held in the same period in the other a jewelry auction - Japan and China Kuang-affinity co-sponsored jewelry auction, the number of buyers from the mainland shuttle which frequently raised placards.

According to statistics, in 2008, the Shanghai Diamond Exchange diamond trade totaled 1.37 billion U.S. dollars, the total diamond jewelry retail market in China more than 20 billion yuan. October 2008 to the first quarter of 2009, by the international financial crisis, Europe and the United States and Japan are important diamond market there is a clear decline, but the diamond market in Mainland China still maintained a rapid growth, is the world's major economies The only region to maintain the growth of diamond sales.

But the brand of the bare diamond future trends, we can not judge whether what people's spending habits will change with these new products? From the "diamond city" Antwerp's bare drill will really create a unique brand when the price mechanism? How they will maintain the growth of diamond price system? Diamond Brand is about to bare with the traditional view of diamond consumption (including the 4C standard) battle? Need to see the diamond jewelry market, other players will not make us so soon find out. Many high-end jewelers who wish to further expand market share in China, such as diamonds in Hong Kong recently ended show, more than 80 companies came from Antwerp display their products; French jewelry and watch manufacturing companies are expected to Cartier in the next 34 years, China will become its largest market.

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