27
October
Gold Jewelry in China to Have ‘Double-Digit Growth’
27 October 2009 Bloomberg.com
Hong Kong Resources Holdings Ltd., the gold company that has jumped fivefold in market value in the past year, said jewelry sales in China will climb at a “double- digit” pace this year.
Middle-class buyers in China, the second-biggest gold user, drove a 16 percent gain in gold and silver jewelry sales in the first nine months, Hong Kong Resources Chairman Kennedy Wong said in an Oct. 23 interview. Record household savings are fuelling demand for investment products and wedding gifts.
http://www.bloomberg.com/apps/news?pid=20601091&sid=ade9eDv2frpk
