Domestic dynamics
Hard luxury consumption in the Hong Kong SAR continued to recover
According to the Census and Statistics Department of the HKSAR Government, in November 2021, retail revenue from jewellery, watches, watches and other valuable gifts in the HKSAR increased by 14% year-on-year to HK$3.17 billion, and sales in all product categories increased by 7% to HK$30.72 billion. The Hong Kong SAR government said that with the gradual control of the epidemic and the implementation of the government's policy of stimulating consumption, the confidence of consumers in the Hong Kong SAR has gradually improved, consumer demand has continued to rise, and the total consumption scale has increased year-on-year for 11 consecutive months. From January to November 2021, sales of jewellery, watches, watches and other valuable gifts in the HKSAR increased by 28% year-on-year to HK$34.95 billion, while revenue from all retail types increased by 8% to HK$319.63 billion.
In 2021, the number of domestic IPOs and the amount of funds raised reached a new high
Wind data shows that as of December 28, the total number of A-share listed new shares since 2021 reached 520, including 87 on the Shanghai main board, 34 on the Shenzhen main board, 160 on the science and technology innovation board, 198 on the ChiNext board and 41 on the Beijing Stock Exchange, with a total fundraising amount of more than 540 billion yuan, and the number of A-share IPO companies and the amount of funds raised in 2021 increased by 18.99% and 12.36% respectively.
In 2021, 4 jewelry companies such as Mancaron, China Gold, Caibai Shares, and Dia Shares landed on A shares, and the number of IPO companies in a single year hit a record high in the jewelry industry.
Jinlong Jinxing added 4 new gold stores in December
In December 2021, Jinlong Jinxing added one gold store each in Xintai City and Heze City, Shandong Province, Yiyuan County, Zibo City, and Nancheng County, Fuzhou City, Jiangxi Province, mainly engaged in gold jewelry and inlay products.
International dynamics
Kanazawa University in Japan is preparing to launch artificial black diamonds
According to Japanese media reports, Kanazawa Diamond, a subsidiary of Kanazawa University (also known as Kanazawa University in Ishikawa Prefecture), plans to start selling its own artificial black diamonds in the fall of 2022.
In addition to its use in jewelry, they are also considering applying the product to industrial sectors such as semiconductors. The company was founded in December 2020 and the black diamond developed was named "Shikkoku DIamond".
India simplifies gold export rules
On December 28, India's Gem and Jewellery Export Promotion Council said gold jewellery and handicrafts used for export would be exempt from mandatory marking rules, simplifying the engraving of related signs. The Indian Bureau of Standards (BIS) has also relaxed the requirements for gold products to participate in international exhibitions, but these goods still need to be marked and engraved when they are sold in the country.
Men's jewelry is a big seller, promoting the jewelry industry to flourish
According to market research firm Euromonitor International, the men's jewelry industry is worth $6.5 billion in 2021, up 17 percent from 2020 and nearly 4 percent from 2019. The industry has been growing steadily between 2015 and 2021, excluding the impact of the COVID-19 pandemic – a compound annual growth rate of more than 3%.
Men's interest in jewelry consumption has contributed to the boom in fine jewelry.
Min Lee, head of jewellery at UK luxury e-commerce firm Farfetch, stressed that demand for rare gemstones is also growing. "Male customers really focus on metals and minerals at the same time, and buy diamonds, pearls and gemstones made of sterling silver, gold and platinum. It's great to see that men are now also buying colored gemstones. ”
One-week trend in raw material prices