FUQI International commissions diamond jewellery production line

30 May '08

3 min read

Most of our diamond purchases will be 0.1 - 0.5 carats that will be set in 18K gold or PT 950 and we have arranged our purchases through the Temix diamond license on the Shanghai Diamond Exchange.

We are hopeful we can further penetrate China's growing jewelry market through the introduction of this new line of precious jewelry products.''

Additionally, the Company announced that it has opened a Hong Kong management office. This office located at Landmark North in Sheung Shui, Hong Kong will be staffed primarily with members of the Company's financial reporting team.

It will also serve as a more convenient location to meet with international designers and jewelry suppliers.

'Our new office will provide a more convenient location for members of our financial team that live in Hong Kong and also make it easier to recruit more qualified financial and design talent.

Hong Kong also serves a one of the world's major jewelry centers and this new office location will allow us to develop stronger relations with the key players in the jewelry industry,'concluded Chong.

FUQI International Inc

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