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World Gold Council: China's Gold Jewelry Consumption Plunges 34%, Retailers Turn to Middle East and Indian Markets
The World Gold Council (WGC) stated that China's gold jewelry consumption plummeted by 34% due to fluctuating gold prices, prompting Chinese gold jewelers to seek expansion in the Middle Eastern and Indian markets, leveraging their advanced craftsmanship. Wang Lixin, CEO of WGC China, revealed in a recent interview with the South China Morning Post that buyers from these two regions accounted for the majority of visitors at the recent Hong Kong Jewellery & Gem Fair.
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Source：SCMP商业 · Source Link
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