Jewel festival in Wuzhou shines globally
Sparkling jewels are exhibited at the 16th Jewel Festival, which was held in Wuzhou, Guangxi Zhuang autonomous region on Nov 2. [Photo provided by Wuzhou publicity department to chinanews.com]
The 16th Jewel Festival was held in Wuzhou, South China's Guangxi Zhuang autonomous region on Nov 2, attracting more than 3,000 domestic and foreign merchants to explore cooperation opportunities.
A total of 18 trade and cultural events were held during the festival, including the Wuzhou Gem Industry Development Forum, the Wuzhou Jewelry Exhibition, the first Guangxi Gem (Jade) Works Exhibition, as well as a jewelry design competition and new products launch conferences, attracting guests and merchants from Australia, Sweden, Japan, as well as ASEAN countries to visit, exhibit, and negotiate.
Wuzhou is a century-old commercial port that is located in the eastern part of Guangxi and adjacent to the Guangdong-Hong Kong-Macao Greater Bay Area. The annual processing, distribution, and trading of artificial gemstones in Wuzhou now exceeds 100 billion, forming a complete industry chain integrating raw materials supply, machinery manufacturing, cutting and processing, as well as deep processing. At present, the production of artificial gemstones in Wuzhou accounts for 80 percent of China's total and 70 percent of the world’s total.
For more than 10 years, the festival has not only served as a platform for the artificial gem industry to go global, but has also become an important event that creates business opportunities for entrepreneurs at home and abroad in the artificial gem processing industry. Since the first Jewel Festival was held in Wuzhou in 2004, a total of 696 contracted projects have been implemented, with a total contractual investment of 154.79 billion yuan ($22.1 billion).
A total of 38 projects were signed at this year's festival, with a total investment of 17.25 billion yuan, covering fields like new materials, new energy, healthcare, the circular economy, stainless steel, and commerce.