Market center opens in China's 'jewelry city'

April 23, 2008

New York—Man Sang Holdings Inc. has announced the opening of its market center in China's Pearls and Jewellery (CP and J) City in Zhuji, Zhejiang Province, China.

A grand opening ceremony, attended by Chinese government officials as well as representatives from the jewelry industry, was held on April 18.

The market center includes about 2,380 shops and booths. When the CP and J project is completed, it will have more than 5,000 shops and booths, and will be the largest of its kind in the world.

The opening of the center coincided with CP and J's first pearl and jewelry fair, the Third China Zhuji Xishi Cultural Festival and the Sixth China (International) Pearl Festival, all held in CP and J City.

All of these events were aimed to promote the commercial and cultural aspects of pearl and jewelry trading to the world.

Following the grand opening ceremony, CP and J City signed a strategic Memorandum of Understanding with the Gemological Institute of America that fosters cooperation between the two parties and promotes the development of both CP and J City and China's jewelry industry as a whole.

Man Sang Chairman Cheng Chung Hing said, "The opening of CP and J City is a very important milestone in the group's development, as it allows the group, through cooperating with six other leading pearl enterprises in the country, to expand its business from pearl and jewelry manufacturing and trading to now also cover development and construction of this pearl jewelry trading platform and related supporting and logistic facilities."

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