Panyu lies at the heart of the Pearl River Delta, Facing the Lion Sea in the east and the estuary of the Pearl River in the south. In the Panyu District of Guangzhou City, more than 200 Hong Kong jewelry companies have set up manufacturing factories, employing more than 50,000 workers. The district could process more than 100 tons of gold and platinum every year, with a total production value of 5 billion yuan (US$604 million) and an export volume of US$800 million.
Panyu lies at the heart of the Pearl River Delta, Facing the Lion Sea in the east and the estuary of the Pearl River in the south, its eastern border is separated from the Dongguan by a strip of water, and the western border of Panyu is adjacent to the cities of Nanhai, Shunde and Zhongshan, while it abuts the downtown of Guangzhou in the north. The site of the People's government of Panyu is Shiqiao which is 17 kilometres (11 mi) from downtown Guangzhou and 38 and 42 nautical miles (70 and 78 km) from the cities of Hong Kong and Macao respectively.
Hong Kong's jewelry is famous in the world. Each year, many jewelry shows are held in HK. Guangzhou City in South China become Hong Kong's largest jewelry manufacturing base in the mainland as many Hong Kong jewelry makers have moved to the area in an effort to find low cost and skillful craftsmen.
In the Panyu District of Guangzhou City, more than 200 Hong Kong jewelry companies have set up manufacturing factories, employing more than 50,000 workers. The district could process more than 100 tons of gold and platinum every year, with a total production value of 5 billion yuan (US$604 million) and an export volume of US$800 million.
Ninety-five percent of the jewelry on Hong Kong's market is processed in Panyu. Jewelry produced here are also exported to United States,European and Oceania countries.
In addition to Panyu, the Chonghua District of Guangzhou,Shenzhen and Dongguan have also witnessed the building of many jewelry manufacturing factories.
Hong Kong jewelry makers said the establishment of the production base has made it more convenient for Hong Kong jewelry to enter the mainland market.
With this trend, Guangzhou City are developing one of the biggest jewelry wholesale market in China. More and more jewelry buyer and importer directly go to Guangzhou to stock all kinds of jewelry products - Gold,platinum,cubic zircon, pearl jewelry, coral,turquoise, gemstone jewelry & more. Liwan Plaza is one of the famous wholesale jewelry market in Guangzhou City.
Hong Kong is an international financial hub of Asia and also one of the largest jewellery exporters in the world. In the past 10 years, Hong Kong's jewellery export grew over 200%, with 60% of the exports originated from Panyu. Capitalising on their advantages in design, purchasing, management and geography, Hong Kong jewellery enterprises may consider utilising CEPA to increase their share in the domestic market by using Panyu as the point of breakthrough
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