1. According to relevant public information, as of June 8, 2023, the global jewelry market has exceeded the $300 billion mark. In terms of market segments, the head sellers of jewelry products are mainly concentrated in developed countries, such as North America, Europe, Japan and South Korea. Among them, the United States is the largest.

2. As the largest market in the world, the total retail sales of American watches and jewellery reached1152.9 billion US dollars, an increase of about 5 1% year-on-year. In 2022, affected by high interest rates, high inflation and other factors, it is estimated that the total sales of watches and jewellery will be $6,543.8+$025.53 billion, an increase of about 9%, making it difficult to break through the double-digit growth.