reply Hainan and jewelry create sparkling opportunities for development

Hainan, this hot land is a new attitude to meet the development opportunities of the jewelry industry. 2024 Jewelry Development Conference and Hainan International Jewelry Exhibition (hereinafter referred to as “Jewelry Conference and Hainan Exhibition”) was held from December 19 to 22 in the Hainan International Convention and Exhibition Center (Haikou City). This year's Jewelry Development Conference and Hainan International Jewelry Exhibition is themed with “resource sharing, development and win-win”, with an exhibition area of 25,000 square meters. Carefully planned 12 special exhibition areas, including brand exhibition area, diamond exhibition area, gold exhibition area, jadeite jade exhibition area, color gemstone exhibition area, pearl exhibition area, crystal exhibition area, 100 jade carving masters works joint exhibition, 100 jewelry designers works exhibition, national gift exhibition area, high-quality Cliff Cedar exhibition area, as well as the contemporary appreciation of the stone exhibition area, covering all areas of the jewelry industry, showing jewelry unique design style, exquisite craftsmanship and rich cultural connotation, attracting many jewelry enthusiasts. Cultural connotation, attracting many jewelry lovers to visit and buy.This jewelry conference and exhibition in Hainan is hosted by China Jewelry & Jade Jewelry Industry Association (hereinafter referred to as “CJJIA”), Jewelry & Jade Jewelry State Inspection Group, China International Chamber of Commerce Hainan Chamber of Commerce, co-organized by Shanghai Diamond Exchange, World Gold Council, PGI® International Platinum Association, Natural Diamond Association, Hainan Geological Bureau, supported by Henan Province Zhengzhou Airport, Xindeyuan Group, Hainan Geology and Mining Group, Hainan International Resources Group, Edison Pearls, Shanghai Fei Cui Trade, Hairun Pearls, Meiyu Pearls, supported by the Oriental Global International Conference and Exhibition Group Co. Ltd. and Hainan Office of CIBCC.At the opening ceremony, the guests expressed their high expectations for this conference as well as their affirmation and support for the development of Hainan's jewelry industry.Li Guoliang, vice chairman of the Hainan Provincial Committee of the Chinese People's Political Consultative Conference (CPPCC), said at the opening ceremony that, along with the construction of a new development pattern of domestic and international double-cycle, and the comprehensive promotion of the construction of the Hainan Free Trade Port, Hainan is becoming a new era of comprehensively deepening the reform and opening up of the new heights of the new era of the “gemstone processing and jewelry inlaid manufacturing” is listed as an encouraged category of industries in Hainan's Free Trade Port. Hainan's preferential policies of opening up to the outside world, for the jewelry industry to create a broad market space and a good environment for development, heartfelt welcome to the jewelry practitioners at home and abroad to Hainan to develop, share the dividends of the free trade port policy, and seek a new vision for the development of the jewelry industry.China Jewelry and Jade Jewelry Industry Association President Ye Zhibin said that in the past five years, China's jewelry industry, all-direction strain, comprehensive force, the market average annual growth rate of 6% or more, outperforming the majority of consumer goods category, the industry scale steadily increased to more than 800 billion yuan. At the same time, the consumer structure continues to optimize, innovation-driven show greater effectiveness, the consumer market upgrading and transformation, jewelry companies focus on quality innovation and brand building, the industry as a whole to good development. Looking ahead, Hainan jewelry industry has broad prospects, the organizers will take the jewelry conference as an opportunity to further promote the optimization of the industrial development environment, industrial supporting policies efficient landing, cultivate more internationally competitive jewelry brands and enterprises, Hainan to build a new high ground for the global jewelry industry.World Gold Council CEO Tedawi said in a video message, China's gold jewelry industry ESG field as well as China's role in global gold investment have unlimited space for development. The future of the gold jewelry industry will depend on innovative ideas and products, and it is sincerely hoped that China's modern gold products can capture new opportunities in overseas markets, and it is hoped that colleagues from all walks of life can work together with the World Gold Council to realize this goal.Agreed by the State Council, the National Development and Reform Commission, the Ministry of Finance, the State Administration of Taxation issued the “Hainan Free Trade Port Encouragement of Industry Directory (2024 this year)”, Hainan Free Trade Port new encouragement of industry, including “gemstone processing and jewelry inlay manufacturing”. Hainan will take the exhibition, exhibition to promote trade, integration of jewelry domestic and foreign advantageous resources, through the jewelry industry chain links, in Hainan to build up a new ecological circle of jewelry, boosting the prosperity of Hainan.The reporter understands that in recent years, Hainan has made every effort to promote the implementation of “zero tariff, low tax rate, simple tax system” and “five free and convenient, a safe and orderly flow” as the main features of the free trade port policy and system system, and actively create a more fair and open business environment, attracting more and more people. Business environment, attracting more and more partners to invest and prosper in Qiong. In this regard, the organizers of the jewelry conference landed in Hainan to cater to the local policy dividends and future development opportunities.On the one hand, in the field of taxation, Hainan Free Trade Port of high value-added jewelry raw materials imported processing equipment tax-free, can effectively reduce the production cost of jewelry enterprises. In addition, the policy of tax exemption and value-added processing on the outlying islands has also helped more and more enterprises to reduce costs and increase efficiency. Consumers annual per person tax-free shopping limit of 100,000 yuan, greatly stimulating jewelry consumption; when the island processing value-added more than 30% (including) of the goods into the mainland sales, can be exempted from import tariffs, which also further encourages the jewelry enterprises in Hainan for deep processing.The data show that the number and amount of Hainan's off-island duty-free shopping trips in 2023 increased by 59.9% and 25.4% year-on-year, respectively. In the first three quarters of this year, Hainan province received 69,935,900 domestic and foreign tourists. Haikou International Duty Free City has been open for two years, with a global customer flow of nearly 12 million trips. Hainan 2024 foreign trade import and export value in the first 10 months has exceeded 230 billion yuan RMB. Hainan has made good use of the policy of importing raw and auxiliary materials, transportation and yachts, and production equipment for personal use in three “zero-tariff” lists, with a cumulative import value of 20.2 billion yuan, and tax exemptions and reductions of 3.81 billion yuan. 6,543 new foreign-funded enterprises have been set up in Hainan with an annual growth rate of 65% since 2018, and the number has been increased by 6,543 enterprises. From the perspective of foreign jewelry companies, the Chinese market is still attractive to international jewelers and jewelry brands, and Hainan is still a transit point and base for international brands to enter the Chinese mainland market.On the other hand, at the level of business environment, the registration and approval process of jewelry enterprises in Hainan Free Trade Port has been simplified, further improving the efficiency of enterprises entering the market. The island also implements unified access standards for domestic and foreign enterprises to ensure fair competition between domestic and foreign jewelry enterprises. At the same time, the island to strengthen the importance and protection of intellectual property rights for jewelry enterprises to escort the research and development and innovation.At the same time, Hainan Free Trade Port actively introduces international advanced exhibition organizations to move in, draws on international management experience, and promotes the development of cross-border e-commerce business. At present, it has signed cooperation agreements with many countries and regions, providing a high-quality platform for jewelry enterprises to expand international cooperation and sales.From the industry to lead the consumption, and then to the cultural and artistic exchanges, the construction of Hainan Free Trade Port has always followed the national planning and the construction of the “Belt and Road” pace. “Jewelry industry riding the east wind of Hainan Free Trade Port, in Hainan to build an international, all categories of jewelry market, not only in line with the construction needs of Hainan Free Trade Port, but also the needs of the industry's development. This is conducive to focusing on the upgrading of the jewelry industry, boosting the prosperity of Hainan and leading the new era of jewelry consumption.” Ye Zhibin said.