China Jewelry Retail Sales Rise

By Rapaport News / March 21, 2018 / www.diamonds.net / Article Link

RAPAPORT... Retail sales of gold, silver and jewelry in China increasedin the first two months of 2018, the nation'sdata department said. Total revenue for the category rose 3% year on yearto $80.4 billion (CNY 509 billion) in January and February, the National Bureau of Statistics of Chinasaid in a statement Monday. Retail sales of all consumer goods increased 10%,while online sales climbed 37%. The period included ChineseNew Year, which fell in February. This improved demand was also reflected in exports of Swisswatches to China, which jumped 22% year on year in February, according to the Federation of the Swiss Watch Industry.Image: Yewn

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