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Sectoral gains amid challenges in China jewellery market
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By Julius Zheng •
November 22, 2023
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China’s jewellery and gemstone sector faces a tough road to real and lasting recovery, owing to soaring prices and cautious market sentiment. The country, however, is seeing solid growth in specific sectors.
Before Time necklace with a 51.71-carat D-colour pear-shaped centre diamond of flawless clarity grade by Kimberlite Diamond. Photo courtesy of Kimberlite Diamond.
Bespoke diamond jewellery by Kimberlite Diamond. Photo courtesy of Kimberlite Diamond
David Kellie, CEO of Natural Diamond Council. Photo courtesy of NDC
Tiara adorned with sapphires, pearls and diamonds by Privaguet Jewelry. The patented piece was designed for the 69th Miss Universe China in 2020. Photo courtesy of Privaguet Jewelry
Bespoke diamond jewellery by Kimberlite Diamond. Photo courtesy of Kimberlite Diamond
Coloured gemstone ring and earrings by Privaguet Jewelry. Photo courtesy of Privaguet Jewelry.
China has seen unparalleled growth in the jewellery and gemstone sector over the last few years, but the year 2023 is proving to be quite challenging for the trade as continued increases in prices alongside muted consumer sentiment take their toll on some areas of the business.
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