According to figures from China’s National Bureau of Statistics, retail sales of gold, silver and jewellery products by enterprises above the designated size amounted to 20.3 billion yuan in July and increased by 14.3% y-o-y. The monthly growth rate has fallen from 98.7% for January-February to a new low of 14.3% in July, says Guangzhou Diamond Exchange (GZDE).
But retail sales of gold, silver and jewellery products by enterprises above the designated size kept being outstanding among total retail sales of consumer goods.
In the first five months of 2021, the monthly increase of gold, silver and jewellery products by enterprises above designated size ranked first among all consumer goods; and the cumulative growth rate of January to July remained the highest, though the monthly growth slowed in June and July.
In addition, retail sales of gold, silver and jewellery products continued to outperform the pre-pandemic level. Since Oct. 2020, the monthly retail sales of gold, silver and jewellery products by enterprises above the designated size has been exceeding the same period in 2018.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished
Exclusive
Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year
The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...
04 november 2024
Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future
Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...
28 october 2024
Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki
The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...
14 october 2024
James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration
London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...
07 october 2024
Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products
Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...
30 september 2024
