According to a recently released report on the jewelry industry of China in 2013-2016 (China Jewelry Industry Report, 2013-2016), last year jewelry sales in China reached $ 75.8 billion. The share of this country in the world consumption of jewelry products was 41.2 %.
The report also reported that sales of gold jewelry in mainland China last year rose 42.5% to 717 tonnes. Reducing the price of gold pushed buyers to buy products from this metal.
According to the results of market research, the report announced the leading jewelry brands in China, including Hong Kong and the mainland China. Leaders included Chow Tai Fook, Lao Feng Xiang, Shanghai Yuyuan Tourist Shopping Center, Chow Sang Sang and Luk Fook. Chow Tai Fook currently owns the largest share of the Chinese market - 8.63%, followed by Lao Feng Xiang, whose share is 5.34%.