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Shenzhen Processes 70 Percent of China's Platinum Jewelry
Shenzhen, a pioneer of China' s reform and opening-up, has now become a processing center of platinum jewelry in China.
About 70 percent of the country's platinum jewelry were made here after a 20-year development.
The city, adjacent to the world's gold trading center of Hong Kong, has been developing the jewelry processing and trade business, with jewelry processed in Shenzhen nowadays on sale in Japan and in many European and American countries.
Over 700 firms are engaging in the jewelry processing and trade in the city, which employ some 100,000 people. Among them, some 70 firms are invested by Hong Kong jewelry companies so as to transfer their processing bases to Shenzhen to reduce production cost.
Processing cost of a piece of jewelry can be lowered from 280 Hong Kong dollars to 80 HK dollars on average, if the process is done in Shenzhen instead of Hong Kong. This has helped improve the competitiveness of Hong Kong's jewelry products on the international market.
The largest gold jewelry company in Shenzhen, the Aita Group, boasts the world's most advanced production line, namely, the fistular electroform gold jewelry molding machine. The company produces more than 2,000 varieties of gold jewelry and decoration objects in six series.
Shenzhen has 60 percent of the country's gold market and 70 percent of the country's platinum market. Its exported jewelry products valued at US$1.3 billion last year.
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