The Four Major Craftsmanship Techniques Stealing the Spotlight in Young People's Favorite Gold Jewelry!

The Four Major Craftsmanship Techniques Stealing the Spotlight in Young People's Favorite Gold Jewelry!

📍 Seoul · 👁 3862 reads · ❤️ 13 likes

Everyone knows that gold is a primary symbol of wealth and prosperity. In the past, people generally only learned about and purchased gold when investing or selecting the 'Three Golds' jewelry for marriage. However, as the consumption structure and demographics become younger, the new gold consumption concepts of the younger generation are quietly driving changes in the consumer market.

In the eyes of today's young people, the reasons for buying gold jewelry are no longer limited to investment and marriage. Using novel gold accessories for everyday fashion, choosing gold jewelry of various styles to express individuality, and in addition to gifting, occasionally buying a piece of gold jewelry to reward oneself as a form of self-pleasing consumption—all these are the gold-hunting needs of the new-era 'gold' enthusiasts.

Relying on the trend of 'gold' fashion, there are countless reasons to buy gold.

Recently, the latest data from the official website of the China Gold Association shows: in the first half of the year, the national actual gold consumption was 547.05 tons, an increase of 4.49% compared to the same period in 2019 before the pandemic.

Specifically, from the consumption structure of China's gold, gold jewelry accounted for 348.56 tons, ranking first, with gold jewelry consumption occupying nearly 70% of actual gold consumption, showing that gold still holds an absolute position in the jewelry world that includes diamonds, K-gold, platinum, silver, and other jewelry categories.

According to big data on online gold consumers from the Tmall platform, core mainstream fashionistas, pan-luxury consumers, and new-generation white-collar L4-L5 groups are the main forces of online gold consumption, with Generation Z showing the fastest growth.

From the 'tomb raiders' in the gaming world to gold 'feng shui' beads for good luck, from couple gold rings proclaiming sweetness and ownership to daily workplace gold accessory combinations, clearly in the eyes of young people, gold hunting is no longer limited to major life moments like marriage.

Gold jewelry has gradually become a daily consumer product. It is not only their first choice to meet psychological needs and emotional value demands but also an important option to get close to fashion trends, express individuality, or engage in self-pleasing consumption.

New gold craftsmanship promotes and stimulates gold consumption among young groups.

The younger consumption structure and changing consumption concepts of gold have also driven major gold jewelry manufacturers to actively adopt new production and design techniques from the product side, focusing on meeting the personalized needs of young consumers and their demands for brands, styles, and marketing. As a core channel for online sales of gold jewelry, the Tmall Fashion Accessories category has insight into the growing new consumption needs of high-end young consumers and is strongly promoting gold jewelry with new craftsmanship.

For example, the currently very popular 5G gold is an innovative new gold craftsmanship. In addition, other new gold jewelry craftsmanship include 3D hard gold, ancient methods, and enamel baking techniques. Under the trend upgrade of these four major new gold craftsmanship techniques, they can more comprehensively meet the diverse gold-hunting needs of young consumer groups, further stimulating the demand and consumption of gold among young people.

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