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Development of Cutting Industry : The cutting industry in China started to take off in the late 1970s, when the late Deng Xi Peng initiated reforms in China. It was first started with CZ, then colored stones and diamonds.

Meanwhile, Ngzhou City in Guanjxi Province, China, has become a world CZ production centre, with an unofficial estimation of 100,000 to 120,000 cutters. Wholesale dictoric Jewellery A great number of farmers take CZ cutting as a part-time job, so as to increase their household income. For those of you who are not familiar with China, may realize that a $30 additional income would represent a large income for most of the people. There are cutting factories with thousands of cutters, but the majority of them are small operators with 20-30 cutters working as a subcontractors to the biggest factories or trading companies there. Competition is very open and fierce. Buying prices are written on the board in front ofthe trading house. Wholesale gemstone pendents by weight
Korean companies have heavy investment in two provinces. They are Hunan and Shandong with about 20,000 to 30,000 cutters. Major products are CZ and faceted beads.

Synthetic Prowess:

Jiangxi province has become the sourcing if not production centre of synthetic crystal, amethyst and citrine. Approximately 5,000 to 6,000 cutters are working with the created materials. Cheap electricity has contributed to the growth of this industry in this province. Wholesale labrorite Jewellery
Many small-scale cutting factories of about 20-40 workers are spreading around at the delta of Pearl River Chao Yang and Shantam area in Guang Dong province, employing about 20,000 to 30,000 cutters totally. Those factories are catering to the special demand and frequent orders of many Hong Kong factories located in the same area.

Jewellery Upswing :

Chinese jewellery sales are forecast to double to 200 billion Yuan ($24 billion) within 10 years, according to industry experts in China. Jewellery sales have rocketed to 100 billion Yuan from 100 million Yuan in the past two decades as the country has opened up to Western styles and fashions and further strong rises are expected.

China is the third largest consumer in the world of gold and Asia's largest market for diamonds following a takeoff in sales of diamond ornaments.
Following the Close Economic Partnership Arrangement between Mainland China and Hong Kong and Macau, tax on jewellery has been cut to zero from a previous level of 35 per cent if products meet the mainland's customs requirements. This policy change enables jewellery from Hong Kong and Macau, long exposed to Westem influences, to more easily enter the mainland.
Jewellery, watch and spectacles industries have not only assumed important positions in China's export profile, but are also poised to launch large scale expansion intemally for meeting the increasing intimae and extremely demand.

The Chinese gems and jewellery industry has been witnessing expansion because Hong Kong firms are investing in the mainland. India, Israel, etc. have also been establishing their factories in China.