JNA Oct 2018

INTELLIGENCE JNA | 28 | OCT 2018 THE WORLD’S MAJOR JEWELLERY PRODUCER C hina’s abundant supply of natural and human resources and its relatively competitive production costs have attracted local producers as well as investors from abroad to set up manufacturing facilities on the mainland to cover demand from both domestic and export markets. At present, China is a major source of freshwater pearls. The country also produces gold and a wide variety of natural coloured gemstones, accounting for a significant portion of global supply. With production facilities concentrated in the southern part of the country, cities such as Shenzhen and Guangzhou (particularly its Panyu district) in Guangdong Province have become major trading hubs for global jewellery players. Shenzhen According to the Shenzhen Gold & Jewelry Association, as of September 2017, the total value of jewellery manufacturing and processing in Shenzhen reached approximately 150 billion yuan (about US$23.4 billion), and the wholesale and retail trade volume was approximately 45 billion yuan (about US$7 billion).