"Gold bracelets out of stock"! Shuibei gold, foreign tourists group-buying shopping
During the National Day holiday, the Shuibei gold and jewelry market in Shenzhen, Guangdong, saw a sales boom. As an important distribution center for the domestic gold and jewelry industry, many malls and gold stores in Shuibei were crowded with customers.
During the National Day holiday, reporters visiting Shuibei, Shenzhen saw bustling crowds in gold stores and a sharp increase in customer traffic. Many merchants received a flood of orders, operating until around 9 p.m. (UTC+8). Holiday foot traffic was three to four times higher than usual.
Merchant Hao Runwei explained that this year's Golden Week sales increased by 50% compared to last year. There was no time to restock during the holiday, and some bracelet models nearly sold out. Restocking is ongoing. Merchant Zhang Rui said that plain bracelets were the top sellers. Even with plenty of inventory prepared before the holiday, they sold out in the first two days.
Trade-ins for new gold also saw a surge. Many consumers brought in unused old gold jewelry from home, exchanged it for new wedding jewelry by paying the price difference—activating idle gold at home while also reducing the cost of new purchases.
The price retreat in gold, combined with holiday promotions, created a buying frenzy among out-of-town visitors at the country’s largest gold and jewelry hub. Shuibei gold jewelry is becoming the "must-buy souvenir" for tourists visiting Shenzhen.
During the holiday, the share of tourists from outside Shenzhen in Shuibei increased noticeably. Many visitors ended their sightseeing and dim sum with a stop at Shuibei to pick out jewelry before heading home, while others came solely to shop. Gold and jewelry are becoming one of Shenzhen's unique local specialties. Merchant Hao Runsong reported that non-local customers accounted for about 60% of sales. During the National Day vacation, sales rose by around 30% year-on-year and about 40% month-on-month.
The surge in tourist demand also fueled the business of gold shopping guides in Shuibei. This year during Golden Week, gold shopping guide Xuxu led at least 30 to 40 groups of out-of-town clients to buy gold in Shuibei each day. Reporters also noted an increase in "international faces" in the market, with diamond jewelry and high-quality gold pieces especially popular among overseas tourists.
Russian tourists told reporters, "We came to Shuibei in Shenzhen this time to buy earrings and rings. I am very happy to be here. I like large designs, and the prices here are much cheaper than in Russia, with a wider variety of styles."
Editor: Zhu Henan
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
EUR/USD Price Forecast: Rallies fail above 1.1200 amid high Oil prices, debt woes
The strongest growth outlook in over two years is approaching! US medical device stocks still need to endure another sluggish earnings season
The third-quarter profit growth of medical device companies is expected to be only 4.8%, but it is projected to accelerate to 13% in the first quarter of next year, marking the strongest performance in over two years. However, policy uncertainties and product recalls have dampened confidence, and the market is awaiting a recovery by 2027.
BUZZ—US Stock Market Dynamics: SpaceX, Humana, Delta Air Lines
Workspace search string for querying individual stock trends: STXBZ "Today's Outlook" newsletter: https://refini.tv/3LI4BU7 "Morning News Brief": https://refini.tv/3dKUyB8 Reuters, October 9 — On Friday, U.S. stock index futures rose as oil prices retreated due to easing concerns over Middle East supply. However, telecom stocks remained under pressure as SpaceX's acquisition of spectrum sparked competition concerns across the telecom sector. - **T-Mobile US Inc (TMUS.O):** Hot topic — European telecom stocks fell after the SpaceX spectrum deal. [nL6N45V0EH] - **Space Exploration Technologies Corp (SPCX.O):** Hot topic — Shares rose after reaching an agreement to acquire a nationwide low-band spectrum portfolio. [nL4N45V0KP] - **Humana Inc (HUM.N):** Hot topic — Shares rose after its “Medicare Advantage” rating was raised. [nL4N45V0LU] - **Definium Therapeutics Inc (DFTX.O):** Market buzz — Shares increased after JPMorgan gave its LSD-based therapy an “Overweight” rating. [nL4N45V0NH] - **UnitedHealth Group Inc (UNH.N):** Market movement — TD Cowen lowered its target price ahead of UnitedHealth’s Q3 financial report. [nL4N45V0OU] - **Newmont Corporation (NEM.N):** - **Gold Fields Ltd (GFI.N):** - **Harmony Gold Mining Company Limited (HMY.N):** - **AngloGold Ashanti Ltd (AU.N):** Market movement — Gold miners’ shares rose in line with a slight rise in gold prices driven by a weaker dollar. [nL4N45V0PG] - **Delta Air Lines Inc (DAL.N):** Market flash — Shares fell after sharply lowering full-year profit forecast. [nL4N45V0RA] - **Apple Inc (AAPL.O):** Hot topic — Shares declined amid reports of iPhone production cuts. [nL4N45V0SB] - **Crescent Energy Company (CRGY.N):** Hot topic — Shares fell after raising 1 billion USD to acquire Devon Energy. [nL6N45V0J4] (For the convenience of non-English speakers, Reuters has automatically translated its reports into several other languages. As automated translations may contain errors or may not capture the necessary context, Reuters does not guarantee the accuracy of the automated translation text, which is provided solely for readers’ convenience. Reuters accepts no liability for any damage or loss caused by the use of this function.)
BlackRock trims TAG Immobilien voting rights to 6.68% from 6.81%
BlackRock cut its total TAG voting rights to 6.68% from 6.81% on Oct. 6, 2026. Equity stake rose to 5.15% from 4.71%. Positions via instruments fell to 1.54% from 2.10%. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TAG Immobilien AG published the original content used to generate this news brief via EQS News (Ref. ID: PVR_2413388_en) on October 09, 2026, and is solely responsible for the information contained therein.
Crypto prices
More
