skip to main content
Moti Israeli Diamonds
the israel diamond industry logo

China Almost Doubles Jewellery Sales in January-February 2021

Jewellery sales in China increased 99% in first two months of 2021
Pandora China jewelry store
Credit: Iris Hortman

Data from the National Statistics Bureau of China, quoted by IDEX Online, shows a 99% increase in jewellery sales in China during the first two months of 2021.

 

Jewelry store China
Credit: Iris Hortman

 

Total retail sales increased 33.8% in January-February 2021 compared to the same months in 2020. The rise is attributed to “effective containment of the Covid-19 virus” as well as “a steady recovery in investment and consumption, stable employment and prices that safeguarded people’s basic livelihoods with the sustained steady recovery of the national economy”.

 

Cartier luxury store China
Credit: Iris Hortman

 

In 2020, jewellery sales in China went down 4.7%. These began to recover in July. In December, sales of gold, silver and jewellery rose 11.6%. According to the World Bank, China’s economy is expected to grow 7.9% in 2021.



Tags: Diamonds News, Jewelry News, Diamond Industry News, Diamond Jewelry News, Gold News, Watches News, China News

More News