Monday, 17th January 2005 (4087 views)

China now ranks 4th in world for annual sales of gold jewellery.

The Xinhua News Agency reports that increased economic development in the country have skyrocketed sales from less than one ton 20 years ago to the current level of more than 200 tons.

Gold has become an affordable commodity item in China, with experts saying its popularity will see it ranking just behind cars and houses as the third most popular consumer item.

It is also predicted that the annual sales value of jewellery will hit two billion US dollars by 2010. This would amount to over one per cent of sales volume for the entire world.

 

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