Ten companies from China and six from India are all vertically integrated jewelry retailers, highlighting the significance of China and India as global leaders in gold and jewelry consumption markets.

The average prices in the Chinese market have been the highest among Italy’s major export markets so far.

According to the report, Chinese high-spending consumers exhibit a willingness to spend that is 50% higher than the global average.

Skincare, lipstick, and eye makeup products are the top three products in terms of export volume.