China’s jewelry sector surged in Wednesday’s trading session, with Lao Fengxiang (600612) soaring by the 10% daily limit. The rally extended across major players, including Mancaron (300945), Xinhua Jin (600735), Cuihua Jewelry (002731), Di’a Co. (301177), and Laishen Tongling (603900), reflecting renewed optimism in luxury consumer demand.
The gains were fueled by rising gold prices and upbeat holiday sales forecasts, as retailers prepare for peak wedding and festival seasons. Analysts note premiumization trends—with consumers favoring branded, high-margin pieces—are boosting sector profitability.
The momentum suggests confidence in China’s consumption recovery, though sustainability depends on disposable income growth and gold price stability. Investors are particularly bullish on heritage brands like Lao Fengxiang with strong omnichannel strategies.
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