Shenzhen jewelry industry

Shenzhen jewelry industry started from 1980s. Thanks to the influence of Hong Kong gold jewelry industry, Shenzhen gold jewelry industry leads in mainland China and has become the biggest gold jewelry manufacturing base and trade distribution center after 1990s. There are over one thousand gold jewelry enterprises in Shenzhen now, with about 110 thousand workers. Its annual manufacture and processing total value reach 43 billion yuan, which takes up 70% of the whole nation's. There are over a hundred million pieces of jewelry produced in Shenzhen in 2003; enterprises imported and exported about 42 tons gold with about one billion US dollars export amount, which takes up 30% of the whole nation's. The total amount of jewelry industry in China is about 40 billion yuan. Shenzhen and its surrounding area has approximately 800 jewellery manufacturers and supplies 70% to 80 % of the jewellery offered for sale in the domestic market in China. The Schenzen Special Economic Zone is now the largest jewellery manufacturing and wholesale centre supplying the domestic market in China , the gem-set gold jewellery manufacturing centre for the domestic market, the centre for platinum jewellery production and gemstone – polishing Centre. In fact, Shenzhen has now become the biggest jewelry producing center in China. It plays a very important role in China jewelry industry as industry core. With Shenzhen government listing Shenzhen jewelry industry as one of the six feature industries, Shenzhen is now creating an "oasis" of jewelry industry. 50 billion sales amount and 1 billion US dollars export amount was realized in 2005. The September Shenzhen International Jewellery Fair is held in September every year at Shenzhen Convention & Exhibition Center. The fair is recognized by the attendants as the most professional, a truly international and the most influential jewellery trade fail in China. In 2004, the exhibition gathered over 600 exhibitors from 15 countries and areas, namely, HongKong, Taiwan area, Japan, Korea, Singapore, India, Sri Lanka, Italy, France, Israel and USA, as well as different provinces and cities in China. The exhibition area spanned over 30,000 square meters with a total of 1,200 booths, registering a 25% increase in size over that of year 2003. The Fair has gathered big and small suppliers and buyers under one roof, providing unlimited business opportunities to the industry as a whole. Shatoujiao Gold Jewelry Zone The city of Shenzhen borders Hong Kong, which is one of the 3 International gold jewelry accessory centers. Since the mid1990's, Hong Kong jewelers have gradually headed north to Shenzhen which now accounts for 80% of all of China's jewelry production. With its manufacturing scale and processing ability being the best in China, it has quickly become China's jewelry center for manufacturing, processing, trading. Shatoujiao Free Trade Zone is the first one operated with International practice in China. It makes the jewelry industry a key supported and protected industry. There are over 30 major gold jewelry accessory manufacturers making it the most centralized district for the jewelry industry in Shenzhen with 60% of the production in the city. Shatoujiao Free Trade Zone is a distinguished area in accessory production and well known by jewelry wholesalers. In May 2001, Shenzhen ART jewelry Co. Ltd investment of 100 million RMB saw the completion of the Shenzhen Jewelry Building. This building was set up in Shatouiao Free Trade Zone, With the south pearl Yantian Port to the east, the picturesque Wutong Mountain to the north and facing the Dapeng gulf to the south, the building is part of Shenzhen's brightest eastern golden seashore. This seashore also includes MingSike Aircraft World, the Maisha seashore, Yantian Port and Shenzhen Sea World. The 42,000 sq/m Gold Jewelry Building has 13 floors staging with processing, trading and service areas. It is a professional, multi-functional gold jewelry building. It is destined to become the center in the industry with its geographical advantage in the Shatoujiao Free Trade Zone, which attracts many famous Hong Kong jewelry brands such as Xie Ruilin, Hengfeng, QIngfengjin and Daimengde. Together with the capital and information rushing into this area, it makes Shatoujiao a centralized area of the gold industry. ShuiBei International Jewelry Trade Center Built in April, 2004, ShuiBei International Jewelry Trade Center is situated in the center of the Luohu Industrial area in the Jewelry city – Shenzhen. It is a large professional jewelry market affiliated to Ya Nuo Xin groups. This area has long been a production center for the jewelry industry in Shenzhen. Over 500 well-known jewelry corporations are gathering there, making it the top of the trade list for the jewelers at home and abroad. The government of Shenzhen & Luohu District have invested the amount of 190 millions to promote the area the biggest jewelry industry center in China. Shuibei International Jewelry Trade Center work multifunctional as jewelry R&D, trade, tourism , promotion of the jewelry culture. Covering an operation area of over 1000 square meters, this center attracts over 100 corporations, among which, 27 are from abroad, 41 are at home, and the rest are the locals. The whole trade center is divided into over 10 operation parts, such as gold, platinum, inlay, silver, jade, pearl, precious stones, accessories, which fully meet the desire of their clients, that is, to buy everything in a place. So far, the transaction amount has reached 2.6 billion RMB, with 480 million for exporting. All these increase the regional taxes a lot and highly promote the economic development of Shenzhen. The State Jewelry Quality Inspection and Supervision Center also comes into the trade center. It issues the authorized certificate for every product, which make the trade center to operate in a more standard way. Moreover, its cooperation with the media, such as "China Gold", "Previous Stone Weekly", "China Precious Stone", "Jewelry Business", "Asian Jewelry", "Taiwan Jewelry", "Shenzhen Business", "Hong Kong Business", "Shenzhen TV", has brought an effective advertisement to jewelry culture. The trade center held jewelry fair successively in April & December of 2004, attracting the buyers and retailers from all corners of the world. The sales volume reach 300 million and 330 million separately, which created a sales miracle in the jewelry industry. All the above mentioned show us the great charm of Shuibei International Jewelry Trade Center and the jewelry culture. 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