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Jewelry Market In China

Jewelry Market In China. Liu Ka Ling 2008649735. J ewelry.

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Jewelry Market In China

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  1. Jewelry Market In China Liu Ka Ling 2008649735

  2. Jewelry Jewelry signifies items of personal adornment, such as necklaces, rings, brooches, earrings and bracelets. Jewelry may be made from any material, such as gemstones, precious metals , shells or other materials. Jewelry may be appreciated because of geometric or other patterns, or meaningful symbols.

  3. Global Jewelry Market Current Market Share of Jewelry - USA:30.8% - Japan, India and China and the Middle East: 8 - 10% • Italy: 5% Market Share of Jewelry In 2015 • USA: 25% • China, India: over 13% • The Middle East: 9% • Japan: 4% - Italy and UK: 3%

  4. Jewelry Market In China • In 2010 • Sales in Jewelry market $180billion • 10% of the world total • Current Trend • Jewelry has become the third hot consumption item after the real estate and automobile. • A remarkable performance of ornaments like gold, platinum, palladium and silver in consume market. Jewelry was extremely hot and popular among the age group of 20-35. • Since 2009 June, China deducted the rate of diamond import value-added tax from 17% to 4%.

  5. Jewelry Market In China • Couples looking forward to purchase jewelry for wedding are highly attracted towards platinum. This has led to the increased consumption of platinum jewelry. • Also, compared to gold, platinum’s lower price has had a highly positive impact on net demand of Chinese jewelry. Due to the lower prices, jewelry wholesalers and retailers expanded and refilled stocks, thereby increasing platinum’s counter space share and increase the sales of jewelry.

  6. Firms -- CHOW SANG SANG (00116.HK) • Mainland ChinaTurnover increased by 25% to HK$1,875 million in 2009.As testimony to the increasing sophistication and spending power of the consumers, the contribution to turnover from the sales of gem-set jewellery rose by 13% and the sales of items costing HK$50,000 and more rose by 75%.In the Mainland itself, 29 new shops were opened during the year. The list of cities with shops expanded to include Baotou (Inner Mongolia), Tangshan (Hebei), Changshu (Jiangsu), Taizhou (Jiangsu) and Zhuzhou (Hunan). The total number of shops stood at 143 at the end of the year. In September a flagship-class store was opened in Shanghai’s Nanjing Road East. Same-store growth in turnover was 14%.The full-floor premise acquired in Guangzhou was officially recognized as headquarters for the Mainland operation, qualifying the Group for benefits and tax concessions made available by the municipal government.In Xian, a smaller unit was bought and fitted out as the office for the operation responsible for the western provinces.

  7. Firms--LukFook Holdings (International) Ltd. • Mainland China MarketThe Group’s business benefited greatly from the strong growth of the PRC economy as well as the Beijing Olympic Games. The Group will focus its efforts on developing the PRC market as the major market contributor. During the year under review, turnover from the PRC market accounted for 11.7% of the Group’s total turnover, amounting to HK$449,472,000 (2008: HK$263,064,000), representing a 71% increase as compared to the previous year.As at 31st March 2009, the Group operated a total of 400 licensee shops. The Group has also opened up 8 self-operated shops in first tier cities in the PRC including Beijing, Wuhan, Hangzhou and Nanjing in the year under review, bringing the total number of self-operated shops in the PRC to 19. The Group shall further expand in the PRC market by opening self-operated shops in second and third tier cities.

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