Overview of Silver Pendant Market
Gold and silver are the symbol of fortune in China for centuries. Silver is with an enormous cultural background which is also the significant of elegance. In these recent years, silver accessories industry has grown rapidly which is due to the fast rising economics. Refereeing to an official data report, the sale amount has raised by 44%. This fierce development is the sign of the new golden age of silver accessories. The silver pendant market is with a good future in China. Besides, with the new fashion trend, it would be popular among the entire planet.
With the development of the whole society, people care of their personal image more. It has become a common acknowledge that wearing suitable accessories would make a great difference on personal image. Besides, gold accessories and diamonds are popular. But comparing with them, silver one very beautiful and delightful. Silver pendantis special for its elegance and mystery. It is a jewelry enable to be impressive, as well as to show one’s characteristics. Silver accessory goes well this elegant leather handbag, which could become the spotlight of an occasion. There are various silver jewelries in a single shop, a new fashion one would be welcomed by young people. It could even be perfectly match a modeling with synthetic wigs.
In Asia area, there are about 38% of people in Singapore own their silver stuff while there are just 1.8% of people in China have silver accessories. According to this information, it is reasonable to forecast that in the next few years, silver accessories market is promising and of great potential. It is predicted that by the year of 2015, China would become the largest market in the industry.
In addition, the global gold price and the silver price are unstable recently. However, the silver accessory price is still regardless of the silver price is getting lower. As the silver accessory is not sale by gram but by pieces. It is the main reason why the silver accessory price stands still. A piece of silver accessory is valued by the cost of material and workmanship. As the workmanship is the core part of the cost, the price of the silver material would deeply affect on the silver jewelers.
An analyzer said the silver market follows closely to the gold market. Also, the risk of silver investment is much higher than the gold investment. Therefore, the silver is better to be the accessory to dress up than for investment.