China jewelry demand increased every quarter of last year and was the largest single jewelry market worldwide for the second half of 2011.
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China has jewelry chains with a least 1000 outlets or more across China, according to the World Gold Council.
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Meanwhile, China dominated the jewelry market as demand increased 8 percent to 156.6 tons in the first quarter.
It also said the demand for gold jewelry in China rose 21% in the same period.
Gold is going up because the emerging middle classes in India and China love to buy jewelry.
Higher prices and weaker consumer sales have led some manufacturers to stop producing palladium jewelry in China, Johnson Matthey said.
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In China and India, diamond jewelry stands as the clear favorite among women asked to rank their preferred luxury gift, ahead of vacation trips, fashion accessories, cash and electronics.
Growing consumption for jewelry in India and China offset softer demand in Western nations.
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It is no secret that the Chinese market likes branded, Western goods, with purchasing in China driving higher end apparel, jewelry and auto sales.
The council expects that gold will be in higher demand at the year end than it was in 2009 due to industrial growth in the tech sector and sustained demand for gold jewelry in India and China.
In fact, worries about inflation are one of the factors driving gold-jewelry demand in India and China, he explained.
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The rebound was sparked by a flood of gold-bullion and jewelry purchases in India and China, the world's two largest gold consumers.
In fact, visitors to a typical jewelry shop in India or China likely will not find a fixed price on the items they want to buy, as they would in say New York City.
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India and China account for 55 percent of total gold jewelry demand, WGC said.
FORBES: Gold Jewelry Demand Falls in 2011 Due to its High Price
Gold jewelry is a growth industry in China.
FORBES: Chinese Removing All Barriers That Inhibit Gold Investing As National Sport
Major gold consumers China and India saw their citizens snapping up gold jewelry and bars as prices reached two-year lows.
China and India alone account for 55 percent of global jewelry demand and 49 percent of global gold demand.
India, China and Turkey together accounted for 59 percent of global jewelry demand at 260.1 tons and registered a combined growth of 36.1 tons on year-earlier levels.
Double-digit growth in jewelry and watch sales, strong demand in China and Latin America, and resurging U.S. and European markets have all contributed to what is expected to be a growth of 13 percent in worldwide luxury consumption in 2011, according to a recently released report.
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All of the Far Eastern markets, outside of China and India (which now account for 56 percent of the gold being used for jewelry), saw weaker demand in 2012, according to Gold Demand Trends.
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China accounted for 30 percent of all demand for the period, making it the largest gold jewelry market for the third consecutive quarter.
Perhaps if he had, like Egyptologist Howard Carter, discovered gold, jewelry and other fabulous funerary objects during his exploration of the ancient overland road to China rather than musty books of Buddhist sutras (even if they did include the world's oldest known printed volume), his lasting fame might have been secured.
In her spare time, Lo quietly collected Chinese jewelry, especially "finger pieces, " including jade ornaments, precious stones and items linked to China's ancient times.
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