Current annual sales of platinum jewellery in China are roughly 1.4 to 1.5 million ounces, according to a new report released last Thursday (28th May).

Aypearl.com particularly focuses on the country's recent emergence in the industry, noting that 500 of its 5,000 manufacturers record domestic annual sales over 100 million yuan (£8.9 million).

In addition, official figures show that overall domestic sales reached 140 billion yuan in 2005, while China received about $5.49 billion of foreign exchange through exports.

"After over 20 years' development, the jewellery industry has become an important industry in our national economy," said Zhang Longzhi, Vice President of the All-China Association of Industry & Commerce.

According to Aypearl, annual sales for jade and pearl, diamond and gold jewellery in China at present are 40 billion yuan, 30 billion yuan and 30 billion yuan respectively.

Furthermore, it notes that annual consumption of diamonds is now above $1.1 billion, annual gold jewellery demand is about 200 tonnes and the country's overall 15 per cent consumption growth rate is being maintained.

Finally, the jeweller draws attention to predictions that China could become one of the world's "most competitive jewellery processing and trading centres in the world in ten years".

Source:

According to the statistics, the current annual sales of Platinum has amounted to 1.4 to 1.5 million ounces, the annual consumpt (28/05/09)

Ÿ Adfero Ltd