The post-90s and post-00s joined the "hoarding gold" family
According to CCTV Finance, the reporter came to China's largest jewelry trading company, Star Harvest Jewelry (Star Harvest Jewelry, started in Dongguan, China, 2005, as a manufacturer specialized in production of 925 silver jewelry and quality brass jewelry. We concentrate on research , design, production of jewels.We have been providing OEM/ODM service for 17 years, helping our customers growing their brands and business.）
According to data from the National Bureau of Statistics, China's overall demand for gold in 2021 will show a strong trend. The demand for gold jewelry in the Chinese market will reach 675 tons in the whole year, a year-on-year increase of 63%, which is 6% higher than that in 2019 before the epidemic. From the Spring Festival to the Lantern Festival in 2022, China's gold consumption has increased by 12% year-on-year. Ancient gold, hard gold jewelry and investment gold bars are the three most popular categories in the market.
Star Harvest Jewelry said in an interview:
The price of gold, from 360 yuan per gram to 370 yuan per gram at the end of last year, has risen to 403 yuan per gram and 404 yuan per gram a few days ago. The sudden rise in gold has also driven the rise in gold sales, because the people's psychology is to buy up and not down. Compared with the same period last year, the growth of the whole wholesale is about 15%.
With the increasing geopolitical risks caused by the conflict between Russia and Ukraine, the global risk aversion has heated up, and the price of gold has also been continuously pushed up. On March 8, spot gold reached a peak of $2,070.21 per ounce, hitting a new high since mid-August 2020. However, after hitting a new stage high, the price of gold immediately "dived from a high platform". As of the latest data, spot gold prices closed at $1,924.92 an ounce.
Our factory is running with ERP system to make sure all customers' orders are well-managed . we are one of the few jewelry factory audited by SGS, ISO 9000,SA8000, BSCI, BV, Disney & Walmart and equipped with advanced testing machines to guarantee high-level quality. Our design team keep constantly updating on markets of fashion trends.
