Jewelry export industry faces slowdown upgrade

February 6, Gems & Jewelry Trade Associationthe three jewels in our export share of the
of China announced the jewelry export inventoryweight is very large, so they export growth to
data in 2008. Statistics show that China's jewelryChina's products in 2008 contributed greatly to
exports in 2008 the amount of 8,340,629,962 U.S.the growth of total exports. Platinum (unwrought,
dollars, up 3.94%, 16.81% higher than the yearsemi-manufactured or powder form) ranked first
2007 a marked decline in growth. Jewelleryin export growth rates (55%), the growth of
exports slowed down, indicating the U.S. subprimenatural or cultured pearls smallest, only 1.93%.
mortgage crisis triggered by the global financialDecline in export products, in accordance with the
turmoil and the grim international economicdegree of decline in the level of arrangement,
situation, China's jewelry export industry had a bigprecious metals or clad with precious metal gold
impact. With the slowdown in exports, theand silver system, and parts thereof, precious or
Chinese jewelry industry also welcomed thesemi precious stones, precious metals or clad with
opening of new markets, an export developmentprecious metal of the other products of natural or
of domestic and industrial upgrading change.cultured pearls and precious or semi precious
Data show that in 2008 China's export growthstones manufactured goods, synthetic or
rate of various types of jewelry in general andreconstructed precious or semi-precious stones of
steep mixed different categories. Diamonds,the year exports decreased by 80.36%, 28.05%,
precious metals or clad with precious metal21.68%, 10.71%, 4.19%. Which precious metal or
jewelry and parts manufacturing, silver andmetal clad with precious gold and silver system
platinum materials, natural or cultured pearls,and parts thereof, precious or semi-precious
imitation jewelry and other products havestones fall's top two ranked decline, and reveals
different rate of export growth over thethat Chinese jewelry enterprises in international
previous year. Among them, diamond, silver (notmarkets and the direct impact of weak demand.
forged, semi-manufactured or powder form)Because these two products mainly export to
Metals or precious metal jewelry and partsgeneral trade.
exports were up 10.49%, 6.13% and 5.33%. As