Chinese consumers are flocking to high-end jewellery in China, and the demand is getting out of hand.
In fact, prices are rising so fast that many jewellery stores in China are selling out of set of jewelry for less than $150.
The price of gold, silver and platinum jewellery has risen rapidly.
China’s jewellery market has seen the rise of luxury brands like Louis Vuitton, Gucci and Louis Vuolo and luxury brands such as Hermes, Tiffany and Gucci have also been gaining in popularity.
The average price of a set of four pairs of diamond earrings is about $300,000 and an average of $1.3 million is being spent on each set.
According to the China Bureau of Statistics, in 2016 there were more than 40,000 luxury brands selling jewellery, including Chanel, Louis Vuocolors, Guillaume Apollinaire, Puma, Dior, Calvin Klein and more.
However, there are now a number of luxury brand’s that are struggling.
One of the top brands on the market, the Louis Vuite collection, is selling out quickly.
Its up to $5 million in annual sales to keep the brand afloat, said Zhang Xin, a senior director of sales at Louis Vuites.
It’s the only luxury brand on the list that is a direct competitor of the brand Louis Vu.
It is not even on the same luxury list as Louis Vuone.
Louis Vuitton is still in the business, and it sells out of jewellery for about $400 per piece, said Xu Jinsheng, a managing director of Louis Vuitchy jewellery.
There are a number stores in Shanghai that are trying to take advantage of the rising jewellery sales.
One such store is called Jiaotong, which is located in the mall in the heart of the city.
They sell the jewellery from $100 to $1,200, Xu said.
A lot of people are also buying jewellery that is from China, he added.
But the problem with jewellery is that the demand for the luxury brands has been growing, and as more and more jewellery shops close, prices of luxury items have also risen.
When people shop online, they often choose brands that are close to their taste, and they are looking for the best quality and the best price.
Some people say the rise in jewellery prices is mainly due to the Chinese government.
This year, China has been considering a crackdown on the foreign ownership of companies and firms in the country, and many Chinese companies have decided to sell their assets abroad to ease the restrictions, said Zhou Li, head of the international business division of Jiaotte Group, a leading luxury goods retailer in China.
That has also led to a drop in the value of jewelled goods.
While the Chinese authorities have been pushing the jewellers to sell some of their jewellery at a profit, the market is not as big as it once was, Zhou said.
The demand is there for jewellery now, but not enough to cover the cost of the increased costs of production.
So many of the high-quality brands are being bought by foreigners, but they are only a few brands, Xu added.
Some luxury brands have decided not to release their jewelry collections to the public, instead selling the collection online and allowing fans to buy pieces for their collections.
Although many people will be buying jewelled jewellery and gold and platinum in China in 2017, the demand may also drop off in 2018, said Guo Shengjie, a partner at Beijing-based consultancy Shanghai Wealth Management.
Because of the huge demand for luxury goods, many luxury brands are having to cut back on their supply, or they may start cutting prices in order to survive, she added.