China's fast-growing market adds a new dimension to the diamond industry

Hong Kong's "South China Morning Post" September 16 article, original title: China's fast-growing market adds a new dimension to the diamond industry. Although it remains enthusiasm for gold and remains fond of jade, Chinese buyers have promoted their diamond market. Rise to the second largest market in the world. The first-class diamond retailer De Beers began to publicize in China in 1993: “Diamonds are long-lasting, a permanent pass.” Chinese consumers who have just fallen in love with luxury brands and want to improve their status quickly put diamonds in the status of status. Among the luxury goods.

Citigroup pointed out that only 33% of the engagement couples in Shanghai in the 1990s chose to buy diamond rings. The engagement ring was not as popular in Shanghai at the time. However, about 65% of couples in large and medium-sized cities in China today choose diamond rings, and there are about 10 million weddings each year. How many diamonds do they need! China has cultivated its own diamond industry, concentrated in Shandong and Guangdong. It is said that the standards set by the National Jewelry Quality Supervision and Inspection Center of China are even stricter than those of the American Gemological Institute.

As living standards improve, so does the demand for larger diamonds. The 2011 Rapapol Diamond Report wrote: "It is estimated that by 2015, the annual turnover of the Chinese jewelry market will be close to 50 billion US dollars, which is a huge performance increase."

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