Qingdao jewelry market became the third national jewelry market after Guangzhou and Yiwu

In recent years, Qingdao has focused on "reforming the approach and optimizing the structure" to promote the clustering development of its commodity markets. Among these efforts, the Chengyang jewelry and accessories market cluster has emerged as a key area of focus. It has developed rapidly and is now taking shape as one of China's top-level handicraft and jewelry markets, following Guangzhou and Yiwu. The market has become a major hub in the national trade landscape, showcasing several distinct characteristics. Firstly, the market remains highly active and prosperous. Two core markets, the China-Korea International Commodity City and the International Arts & Crafts City, have successfully navigated the challenges posed by the global financial crisis. According to preliminary estimates, transaction volumes for the first eight months of the year are expected to reach 3.5 billion yuan, marking an increase of over 140% compared to the same period last year. Secondly, the scale of construction is impressive, with high-quality facilities and infrastructure. The China-Korea International Commodity City has seen an investment of 1 billion yuan, covering a total construction area of 400,000 square meters. It includes supporting facilities such as the Xingyang Road New Ornaments Jewelry Commercial Street, warehousing and logistics centers, business hotels, restaurants, and banking services. Meanwhile, the International Arts & Crafts City, which has been invested with 410 million yuan, spans 170,000 square meters and has been rated as a national 4A scenic spot. It now offers a comprehensive range of functions, including tourism, sightseeing, leisure, and shopping. Lastly, the market’s influence and regional impact continue to grow. Currently, more than 2,000 manufacturers from 17 countries and regions have established their presence in the market, while buyers from over 10 countries also visit regularly. Notable brands such as Shin Kong and Italina, along with leading Korean jewelry companies, have entered the market, positioning it as a crucial platform for jewelry display and trade in North China and Northeast Asia. This growing prominence highlights Qingdao’s role as a dynamic and influential center in the global jewelry and handicraft industry.

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