Dubai China Sourcing Fairs Attract 7,113 Volume Buyers

DUBAI, United Arab Emirates, June 13 /Xinhua-PRNewswire-FirstCall/ — More than 7,000 importers, retailers, wholesalers, distributors and other volume buyers attended Global Sources’ (Nasdaq: GSOL) second annual China Sourcing Fair events in Dubai.

     The three-day, co-located events included the China Sourcing Fairs: Gifts & Home Products, Electronics and Fashion Accessories. The exhibitions grew 60 percent from 2007’s inaugural events, and featured manufacturers from Greater China. Read more

FUQI International, Inc. Announces Development of Finished Gemstone Jewelry Line

    SHENZHEN, China, May 29 /Xinhua-PRNewswire-FirstCall/ — FUQI International, Inc. (Nasdaq: FUQI) today announced the development of the Company’s finished gemstone jewelry production line. The production line will be based out of the Company’s Shenzhen manufacturing facility and is capable of producing studded or inlayed precious stone designs. Management expects to primarily produce diamond jewelry pieces but can also develop jade, sapphire, ruby and emeralds pieces as well. These jewelry pieces from this line will be made available exclusively at the Company’s current and future retail outlets.

    Mr. Yu Kwai Chong, Chairman of FUQI International commented, ”In addition to our gold and platinum products, our new gemstone line, anchored by our diamond jewelry pieces offers an additional growth opportunity for our business in the consumer jewelry category. We believe demand for quality gemstone jewelry products has been increasing, particularly among the rising middle class in major tier 1 & 2 cities along the coast of China, and we intend to capitalize on this growth in demand. Our designs will have a more modernized, western fashion feel and will be marketed to young, educated, middle-class professionals. Read more