Jewellery sales sizzle in first nine months

Bright prospects for local and international brands in the huge Chinese market — China Daily

SHANGHAI: Chinese companies above a designated size reported a 12.2% year-on-year (y-o-y) increase in retail sales of gold, silver and other jewellery to 247.2 billion yuan between January and September, a trade body says.

The growth rate, second only to the catering industry’s 18.7% during the same period, is far higher than the average growth of total retail sales, at 6.8%, across China, said Ye Zhibin, president of the Gems and Jewellery Trade Association of China during an international jewellery summit held in Shanghai earlier this month.