This Day, That Year
China Daily | Updated: 2016-11-03 07:57
Item from Nov 3, 1995, in China Daily: China is now recognized as the only untapped market for jewelry, and has become the focus of an increasing number of dealers both at home and aboard.
An expanding middle-class is fueling China's insatiable appetite for diamonds.
As the world's second-largest market for precious stones, China accounts for 14 percent of the total global share, behind the United States, which has 45 percent. India is the third-largest market.
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