The High-quality Development Prospects of Yiwu Jewelry Industry Are Promising

Ⅰ. Yiwu jewellery wholesale industry market operators are younger and more highly educated

According to data, up to now, 31.18% of the main business households in the small commodity market in the first district are under 35 years old (inclusive); 35-50 years old (inclusive) account for 53.68%; 50 years old and above account for only 15.14%. The operating households in the East Expansion Market in District I are under 35 years old (inclusive) 36.25%; 35-50 years old (inclusive) 52.84%; and over 50 years old 10.91%. In the main market in the first district, 50.95% have a junior high school education or below; 33.38% have a high school and technical secondary school; 15.67% have a college degree or above. In the East Expansion Market, those with junior high school and below accounted for 38.73%; senior high school and technical secondary school accounted for 34.68%; junior college and above accounted for 26.59%.

The above data shows that the newly opened business operators in the East Expansion Market in District 1 are younger and higher in education than those in the Commodity Market in District 1, and this trend can inject fresh blood and vitality into the high-quality development of Yiwu Commodity Market.

Ⅱ. Changes brought by Yiwu jewellery wholesalers

New business households actively explore and apply new products, new processes, and new materials to inject new momentum into the high-quality development of the jewelry industry.

1. The frequency of new product development in the small commodity market is accelerating, and the market for hot-selling and explosive products is in short supply. For example, 925 silver necklaces, copper earrings, titanium steel earrings, Swarovski earrings and other mid-to-high-end jewelry, fusion of popular Japanese and Korean elements, exquisite design, good market response;

2. Continuous innovation and optimization of the production process, more and more business households apply metal 3D printing technology, greatly expanding the new boundary of the jewelry and small commodity market;

3. Pure metal materials represented by stainless steel, copper and silver have become the new favorite of Yiwu jewellery wholesale market. Since 2018, the number of stainless steel entities operating in the first district market has increased by 45% year-on-year, reaching 133.