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Sales value of gold jewelry China 2017-2027, by city tier
In 2022, China recorded a sales revenue of around 410 billion yuan for gold jewelry, with second-tier cities contributing over one third of the total sales. The gold jewelry market in fourth and lower tier cities was the fastest growing one, achieving a CAGR of 11.5 percent between 2017 and 2022. It was estimated that the sales revenue of gold jewelry in China would reach approximately 547 billion yuan in 2027.