The 12th edition of the China International Gold, Jewellery & Gem Fair – Shanghai (Shanghai Fair), organised by UBM Asia, will be held from 18 to 21 November 2016 at the Shanghai World Expo Exhibition & Convention Center.
Thanks to the support of Shanghai Government, UBM Asia has formed strategic alliance with the Shanghai Gem & Jade Industry Development Co Ltd and the Shanghai NIU International Exhibition Co Ltd. During the Shanghai Fair, a series of concurrent events such as Asia Pacific Jewellery Design Competition, industry summit and online shopping festivals, among others, will be organised. The enriched Shanghai Fair not only offers jewellery companies a highly efficient promotion platform, but also helps in encouraging the jewellery consumption in Shanghai and its surrounding areas. The Shanghai Fair fully supports the jewellery industry development in the mainland and actively explores preferable trading policies for foreign-imported jewellery goods.
Prime Location – China’s booming economy has contributed to the robust growth in jewellery demand globally. As the leading city in the Yangtze River Delta Region, Shanghai has developed into the region’s core trading hub.
Robust Luxury Market – Retail sales in Shanghai reached RMB870 billion (around US$137 billion) in 2014. As a cosmopolitan city, Shanghai has a large population of high-net-worth individuals who have developed a sophisticated taste for luxury goods. Jewellery consumption, as a result, remains robust.
Ideal Business Environment – Shanghai’s proximity to the major population centres in China has made it an ideal gateway to various potential markets. Its well-developed infrastructure and comprehensive business facilities also make the city a great springboard for the jewellery trade.
Fast Facts about China’s Jewellery Market
Sales amount of gold and jewellery products totalled in RMB 201.4 billion (around US$32 billion) from January to August 2015, up 7.5% from the same period in 2014, according to the National Bureau of Statistics of China.
China consumed 813.6 tons of gold in 2014, maintaining its rank as the second largest gold consumer in the world, according to data from the World Gold Council.
China remains the world’s largest platinum jewellery market, data from the Platinum Guild International (PGI) show.
Transactions at the Shanghai Diamond Exchange grew 18.6% in 2014 over 2013, making China the world’s second largest diamond market.