Panyu Jewelry Processing Industry’s Development History
Most jewelry practitioners know that Panyu, Guangdong, China is a well-known jewelry processing base, but few people know the developing history of China Panyus jewelry industry, following is a brief introduction of Panyu jewelry processing industry’s development history.
The embryonic stage of Panyu jewelry industry can be traced back to 1985, at that time, Panyu had only one collective enterprise began to engage in processing gold and silver jewelry business.
Around 1986, some Hong Kong jewelry processors began to travel to Panyu for seeking cooperation opportunities, to take advantage of the cheap cost to train jewelry processing talents. They mainly contracted jewelry processing business, at first, there are only seven or eight processing enterprises, the scale of productions are very small.
The late 80s to early 90s, Hong Kong jewelry companies have entered Panyu, Panyu jewelry processing industry has grown and developed increasingly. Now there have more than 200 jewelry processing enterprises in the base, the Hong Kong-funded enterprises account for around 60%.
What is the reason of Panyu attracting so many jewelry manufacturers? Firstly is its abundant resources of the geographical location, its very convenient transportation, land and sea transport the smooth Road, and travel between the Hong Kong and Panyu is very convenient. The second is that the processing fees, wages, land rent are relatively low, coupled with the strong support of Panyu government departments, provide a variety of convenient measures, making Panyu jewelry processing industry rapid developing, and forming a good reputation.
The processing amount of Panyu constitutes sixty percent of Hong Kong transit trade.
Although Panyu jewelry retail is still in its infancy, but compared with Shenzhen, its jewelry processing export is no less significant. The last year, the output value of Panyu jewelry industry reached 4 billion Yuan , export value of nearly $ 500 million, the processing amount of Panyu constitute sixty percent of Hong Kong transit trade. At present, Panyu processing jewelry industry covers jewelry making equipment, diamonds polishing; silver jewelry manufacturing and precious metal manufacturing and other areas, employing over 45,000 people, No matter the plant size, design or processes have enjoyed a certain degree of fame in the world.
To build a jewelry processing capital of the world
Panyu jewelry processing industry develops rapidly, at present, five jewelry processing areas, Shiqiao, Lanhe, Dagang and other towns (street) has succession absorb. To enhance the development aftereffect, The Foreign Trade Bureau of the area has initial planed of a new jewelry processing zone, it has about forty million square meters. According to the international standards production, the new jewelry processing zone is expected to put into production, after that, its employees will up to 20,000 people, the output value will up to $ 250 million.
To strengthen jewelry retail,jewelry CAD design, Panyu jewelry Street has more than 60 jewelry stores of not less than the minimum investment amount of 60 million Yuan. Although compared to other jewelry processing places such as Shenzhen, Panyu jewelry processing industry start relatively late , but its hardware facilities is not inferior, it also has many good technology personnel, all of these will make Panyus future a famous jewelry processing capital of the world.
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