Rising gold prices continue to prompt many consumers to buy gold accessories at the Shuibei Market, China's largest gold jewelry manufacturing and trading hub based in Shenzhen City of south China's economic powerhouse of Guangdong.
Although the week-long National Day holiday ended on Monday, there are still a large number of customers coming to buy gold jewelry at the Shuibei area.
Besides the fashion identity, young Chinese consumers choose gold jewelry also for investment reasons.
"I personally prefer buying gold jewelry. If I have money saved up, I would buy it because gold tends to hold its value well," said a local resident.
In China, gold jewelry is traditionally part of the betrothal gift given by the groom's family to the bride. Therefore, wedding gold has been selling exceptionally well in this Shenzhen market.
"At present, the gold jewelry products that sell well include items like these bangles, particularly dragon and phoenix bangles, phoenix hairpins, as well as gold pig necklaces displayed on this wall," said a gold dealer.
Moreover, the gold recycling market is also booming. Rising prices have made many gold holders choose to sell their assets for profit making at gold recycling shops.
"Last year around this time, I bought gold. It's been almost a year, I must have made a profit. I bought it for over 400 yuan (about 56.6 U.S. dollars) per gram before. Now, the current recycling price is over 500 yuan (about 70.75 U.S. dollars) per gram. The recycling price is 588 yuan (about 83.2 U.S. dollars) per gram of gold," said another resident.
China's largest jewelry market sees surge in sales due to rising gold prices
The organizing committee of the Milano-Cortina 2026 Paralympic Winter Games has unveiled the titles, creative visions, and first talents of the opening and closing ceremonies, as Thursday marked 50 days before the event officially gets underway.
Scheduled from March 6 to 15 across multiple Italian cities, the Games will bring together 665 athletes from 50 countries and regions to compete for 79 gold medals across six sporting disciplines.
The opening ceremony, titled "Life in Motion," will be staged at the historic Arena di Verona, a UNESCO World Heritage Site, presenting a tribute to change and transformation that seeks to redefine disability through a new harmony between people and the environment.
"I paid close attention to the opening ceremony of the Beijing Winter Olympics, which I consider one of the three or four most beautiful in the history of Olympic ceremonies. This time at the ancient Arena di Verona, we will place greater emphasis on showcasing the human element," the ceremonies' artistic director Alfredo Accatino told a Chinese reporter at the event.
The closing ceremony, themed "Italian Souvenir," will be held on March 15 at the Cortina Curling Olympic Stadium, guiding athletes, volunteers, and fans through a journey that captures the emotions and memories of the Games after days of competition and achievement.
Craig Spence, the International Paralympic Committee's Chief Brand and Communications Officer, believes that Italy will deliver "the best Paralympic Games" following the benchmark set by the Beijing Winter Paralympics in 2022.
"I think what China did in Beijing has really set the benchmark for all future teams competing in the Paralympic Winter Games in terms of performance. That's why I think Milano-Cortina will be the best Paralympic Games we've ever seen for sports," he said.
Milano-Cortina Paralympics reveal opening, closing themes as Games draw near
