A few days ago, the Foshan Global Gold and Jewelry Industry Investment Conference was held in Foshan, Guangdong Province, attracting 28 key institutions in the industry chain and enterprises to sign contracts and settle down: the first phase project of the gold and jewelry innovation ecological city in Lunjiao Subdistrict, Shunde District, Foshan City - Jinfusheng Gold and Jewelry Fashion Industrial Park was inaugurated, with a total investment of about 30 billion yuan and a planned land area of 1600 mu... Focusing on the development of the gold and jewelry industry, Foshan City is making every effort to cultivate a hundred billion yuan gold and jewelry industry cluster.
The report of the 20th National Congress of the Communist Party of China pointed out that high-quality development is the primary task of comprehensively building a socialist modernized country. Foshan and Shunde have anchored the primary task of high-quality development, successfully introduced the 30 billion yuan Guangdong–Hong Kong–Macao Greater Bay Area gold jewelry innovation eco city project, further accelerated the gathering of gold jewelry industry resources, and created a 100 billion level gold jewelry industry cluster; Plan the Foshan Lunjiao Jewelry Fashion Industrial Park with high standards, high positioning, and high quality, focusing on three key development directions: jewelry, intelligent manufacturing, and digital economy, to comprehensively drive the takeoff of the gold jewelry industry.
In 2022, the per capita disposable income of Chinese residents was 36900 yuan, a year-on-year increase of 5%, and an increase of 10900 yuan compared to 2017. Gold jewelry, as a consumer product with strong optional attributes, is highly correlated with the per capita disposable income level. In the future, as the per capita income level of Chinese residents increases, especially the expansion of the scale of middle and high income groups, the market space of the traditional gold jewelry industry will continue to steadily grow.