Jewellery (Luohu, Shenzhen)

Shuibei in Luohu, Shenzhen, is widely recognized in China's gold and jewelry industry. Within its 0.1074 square kilometers, there are nearly 7,000 legal entities engaged in the gold and jewelry industry, generating annual revenues exceeding 100 billion yuan. This represents approximately 50% of the market share in the domestic wholesale gold and jewelry market. The physical gold usage in Shuibei accounts for about 70% of the physical delivery volume of the Shanghai Gold Exchange, while diamond usage accounts for approximately 80% of the import value at the Shanghai Diamond Exchange.

In 1981, Shenzhen saw the establishment of its first "three come, one compensate" enterprise in the gold and jewelry industry, which involved processing supplied materials, assembling supplied items, processing samples, and compensation trade. These businesses started producing 24-karat gold jewelry, filling a gap in Shenzhen's gold and jewelry manufacturing capabilities. Subsequently, through a transition from imitation to production, numerous local gold and jewelry brands emerged in Shenzhen. Today, more than 2,400 renowned gold and jewelry brands across the country originated from Shuibei.