Yuan devaluation impacting China diamond market

Global Business

Yuan devaluation impacting China diamond market

At the end of last year, China became the world’s second largest diamond consuming market. More Chinese people not only buy diamonds as a luxury item, but also hold them as an investment.

As the Chinese Yuan depreciates, things have been different in the domestic diamond market for the past several days. ICS’s Lin Yijing filed this report for CCTV, from Shanghai.

Yuan devaluation impacting China diamond market

Yuan devaluation impacting China diamond market

At the end of last year, China became the world's second largest diamond consuming market. More Chinese people not only buy diamonds as a luxury item, but also hold them as an investment.As the Chinese Yuan depreciates, things have been different in the domestic diamond market for the past several days. ICS's Lin Yijing filed this report for CCTV, from Shanghai.


Wei Gu on China Yuan depreciation

Wei Gu spoke with CCTV America to provide her insight into the recent Yuan devaluation as well as its impact on domestic and international markets and economies. Wei Gu is the editor of the China Wealth and Luxury association, and the head of original reporting for The Wall Street Journal.

Wei Gu on China Yuan depreciation

Wei Gu on China Yuan depreciation

Wei Gu spoke with CCTV America to provide her insight into the recent Yuan devaluation as well as its impact on domestic and international markets and economies. Wei Gu is the editor of the China Wealth and Luxury association, and the head of original reporting for The Wall Street Journal.