What is the prospect of the jewelry and jade industry? Can experts be briefly analyzed?

The main listed companies in the jewelry industry: Chow Tai Fook (01929.HK), Lao Fengxiang (600612), Mingpai Jewelry (002574), Laoshen Tongling (603900), Chao Hongji (002345), etc.
Retail sales, per capita expenditures of residents, per capita GDP, luxury market size, number of high net worth groups, etc. The downstream of the jewelry and jewelry industry chain is product sales, mostly retail, and the changes in the market consumption environment exist in the development of the jewelry industry. Affected by a significant influence.
The scale of the retail industry
Pelasia after the reform and opening up, the Chinese economy has achieved a market -oriented fundamental change, industrial production has made great progress, the commodity market has changed from the past seller market to the buyer's market, and people's consumer structure The average of consumption habits and consumption average has been greatly improved compared to the past, and the scale of retail industry has continued to expand.
-December 2020, affected by the epidemic, the total retail sales of consumer goods in my country reached 39198.1 billion yuan, a decrease of 3.9%over the previous year, but the actual increase in price factors increased by 6.0%. In the first half of 2021, the total retail sales of social consumer goods were 2190.4 billion yuan, an increase of 23.0%year -on -year, and the average growth rate of two years was 4.4%. The expansion of the scale of the retail industry has provided a good foundation for the development of the jewelry industry.
Mi -per capita jewelry consumption potential
The research on the World Luxury Association shows that when a country's per capita GDP reaches $ 1,000 (unchanged in 2000) Luxury consumption is gradually launched; when a country's per capita GDP reaches US $ 2,000, luxury consumption starts to grow rapidly; when the per capita GDP reaches $ 3,000, luxury consumption will grow in an all -round way.
2010, the per capita GDP of my country exceeded $ 4,000, exceeded $ 7,000 in 2013, and exceeded $ 8,000 in 2015; in 2018, it exceeded $ 9,000; China's per capita GDP per capita was more than $ 10,000; in 2020, it continued to grow to $ 10504. The growth of macroeconomics has laid the foundation for the continuous and rapid growth of enjoying consumption such as jewelry and jewelry.
The scale of the high consumer market expands
-increased the scale of luxury consumption
Cura's jewelry jewelry is high consumer products or luxury goods. The increase in the level of luxury consumption can also reflect the increase in consumer consumption capacity of Chinese consumer jewelry. Chinese consumers have always been one of the main driving forces in the global luxury market. According to the "2020 China Luxury Market Research Report" jointly released by Bain and Tmall luxury products, despite the impact of the epidemic, the scale of Chinese luxury goods consumption in 2020 also declined, about 59-63 billion euros, but Chinese consumers The proportion of luxury consumption accounted for the total global scale has jumped from 11%in 2019 to 20%in 2020, and this growth trend will continue in the future. Bain expects that the global luxury consumption of Chinese consumers will reach 150-180 billion euros in 2025.
Note: Consumption scale refers to the total amount of luxury goods purchased by Chinese citizens worldwide, including overseas purchasing power, and consumption scale data in 2020 and 2025.
-potential consumer group expansion
The high net worth group is an important part of jewelry products, especially valuable jewelry products. Potential consumption needs. According to the statistics of China Merchants Bank and Management Consulting Company, Bain jointly released the "2021 China Private Wealth Report", showing that under the basic premise of the continued good for the macroeconomic, the Chinese private wealth market has ushered in a stable development trend. 2020年，中国高净值人群(可投资资产超过一千万人民币)数量达到262万人，与2018年相比增加了约65万人，年均复合增长率由2016-2018年的12%升至15%from 2018-2020.
The total retail sales of jewelry will exceed 770 billion yuan
If according to the data of the Chinese jewelry industry association, the total retail sales of my country's jewelry industry in 2020 are about 610 billion yuan. In the context of my country's consumption upgrade and rapid economic development, it is expected that the Chinese jewelry industry will be about 4.10%in the future, and the total retail sales will exceed 770 billion yuan in 2026.
In overall, in the environment of macroeconomic growth in recent years, the scale of retail industry has continued to expand, the per capita jewelry consumption potential of residents has increased, and the high consumer market has continued to expand. Many factors have shown that my country's jewelry market consumption is consumed. The environment is good. With the further improvement of my country's per capita disposable income, consumption upgrades have become a long -term trend, and the market size of my country's jewelry industry will maintain positive growth in the future.
The above data refer to the "Consumption Demand and Market Competition Investment Forecast Analysis Report of China Jewelry and Jewelry Industry"