Our province has sold 8.1 billion jewels this year

Our province has sold 8.1 billion jewels this year The reporter learned from the Provincial Bureau of Statistics that from January to August, the sales of gold, silver and jewelry of the wholesale and retail enterprises (units) in the province had reached 8.17 billion yuan, a year-on-year increase of 41%. Jewelry has become another hot spot for Hubei residents following housing and automobiles. “The sales of gold and silver jewellery have not met such a hot season this year.” Yesterday, Song Ting, a counter salesperson of a shopping mall brand in Hankou, told reporters that selling a gram of gold could generate a sum of 1 yuan, not a basic salary. In April, she only received sales commissions and she got tens of thousands of yuan.

The fall in the price of gold triggered the rush to buy Chaojiao stores busy expanding counters, etc. After the peak season of 11th, Xu Dong, head of the product Maomao Fuzhou Shoufu Store, intended to renovate the store and expand the store's area from 50 square meters to 110 square meters. Mr. Ke said that the jewelry store will be renovated and renovated every 3 years. This year is the biggest one after the opening of the store. The decoration fee will cost 40,000 to 500,000 yuan. “We made money in the first half of the year and we continue to favor the gold, silver and jewelry consumer market. ""There are more than 80 jewellery stores to be renovated in October, and the list is even higher than the number of jewellery shops that are going to be renovated." Mr. Ke Weiyi, a store owner who wants to upgrade his products, will be responsible for the decoration of the store. They mainly make jewelry store renovations. In the past month, they received more than 30 orders. In September and October of this year, more than 40 are to be done each month, of which about 70% are new stores, and the rest are old store upgrades.

The reporter learned from the Statistics Bureau of Wuhan City that the consumption of gold, silver and jewelry commodities has maintained rapid growth this year. From January to August, the retail and wholesale enterprises in Wuhan City, which had a limit of 0.8%, achieved 4.618 billion yuan in gold, silver and jewelry products, an increase of 44.1% year-on-year. , higher than the city's limit of 28.6 percentage points of approved enterprises, the growth rate over the same period last year increased by 11.2 percentage points.

This year's strong growth in gold consumption was not unrelated to the sharp drop in gold prices in the first half of the year. "A month's sales are equivalent to the usual six months." Mr. Ke introduced that in April the store sales reached five or six million yuan, up two or three times year-on-year, "how much inventory is sold."

Diamond Carat Buys Bigger Jewellery Consumption Diversification The demand for diamond jewellery in Wuhan residents is increasing year by year. Consumption is diversifying. “In the past two years, Wuhan residents have purchased more and more diamonds. The most expensive one sold last year was a 3-carat diamond ring valued at 700,000 yuan. The most expensive diamond ring sold this year is 5 carats, priced at more than 1 million yuan.” According to Cheng Xueqian, general manager of Wuhan New Gold Jewelry, the diamond ring from 10 to 30 cents in previous years was the mainstream consumer. Now a one-carat diamond ring can sell more than a dozen pieces in one month, and in August it also sold a 3-carat diamond ring.

Cheng Xueqian said that among the current sales of retail stores, gold jewelry accounted for 56 percent, investment gold bars accounted for 10 percent, and platinum jewelry accounted for 30 percent. Gold and silver jewellery from the collection of luxury goods, gradually transition to consumer demand for consumer goods, the future of jewellery consumer trends will be diversified. “After the gold tide, gold sales will tend to be stable and there will be much room for improvement in jewelry.” Mr. Ke expressed his recognition of the diversification of jewelry stores. According to the plan, in its newly renovated store, the jade counter increased from 2 meters to 7 meters, diamond counter increased from 4 meters to 11 meters.

Yang Xingming, dean of the Geological Institute of China University of Geosciences (Wuhan) and deputy director of the Hubei Jewelry and Jade Jewelry Industry Association, said that in recent years, the gold and silver jewellery retail market has been hot and has maintained a double-digit growth rate. This year's decline in the price of gold has become a tipping point. The citizens' demand for purchases has been concentrated and event-based consumption has enabled the industry to grow rapidly again. For a long time to come, the jewellery industry will continue to grow at a high rate, driven by factors such as citizens’ wallet warming and wedding spending.

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