The rising price of gold brings great economic pressure to Egyptian woman who loves to wear golden jewelry. China alloy jewelry is more and more popular in Egyptian, because its exquisite shapes are quite similar to real gold, but the price is a tenth of real gold.
Egyptians love to wear gold jewelry; custom of loving to wear gold jewelry had had development history of thousands of years. Women prefer to show their wealthy family or her husband's love by wearing gold jewelry. For young Egyptian people who are going to marry, the man needs to buy a gold jewelry as wedding gift to woman, so that the bridegroom can put it on bride. At present Egypt has more than 4,200 gold jewelers, almost every city has one to several streets of gold.
As the Egyptian traditional wedding season arrives, due to the international price of gold continue to rise, buying gold jewelry become a tremendous burden for many young people who is going to marry. People have chosen alloy jewelry made in China to instead of expensive pure gold jewelry.
In Egypt, price of per gram 24K gold is currently about 218 Egyptian pounds (one LE is equivalent to 1.2 RMB); while the alloy jewelry produced in China is only 20 to 30 per gram Egyptian pounds.
If buy a set of wedding jewelry, including
wholesale tiaras , a necklace and a pair of earrings, it just need 150 Egyptian pounds (about 26 dollars) if they choose
wholesale alloy jewelry , but it needs thousand Egyptian pounds to buy real gold jewelry. It is not a small burden to most of the Egyptians who are not rich, so more and more young people started to buy China alloy jewelry instead of pure gold jewelry.
Thirty-one year old Egyptian Amir said that, the reason of China alloy jewelry becomes so popular, because China jewelry is beautiful, cheap, and has many styles to choose, they even look no different to compare with real gold jewelry. Even many wealthy people in Cairo are willing to buy Chinese alloy jewelry. A rich woman says that China's jewelry can make her keep up with fashion trends, also do not need to spend a lot of money.
