[photopress:zones_PearlsCity_1_2.JPG,full,alignright]Man Sang Holdings is opening a pearl and jewelery zone in a 55%-owned investment and development project of the group in Zhuji, ,Zhejiang Province.
The opening of the center and the pearl and jewelery procurement fair were timed to coincide with the Third China — Zhuji Xishi Cultural Festival and Sixth China (International) Pearl Festival in an effort to promote the commercial and cultural aspects of pearl and jewelery trading to the world.
Known as CP&J City — it stands for China Pearls and Jewelery City — it has strong support from the provincial and municipal governments. CP&J City has also signed a strategic partnership cooperative memorandum of agreement with the Gemological Institute of America.
Over a thousand jewellery traders, purchasers, and representatives from business associations attended the opening as well as the usual push of government officials and representatives from other countries.
CP&J City is expected to become a center for pearl and jewelery trading.
The market centre in Phase 1 of the CP&J City has a construction area of 160,000 sq. m. accommodating about 2,380 shops and booths.
When the whole CP&J City project is completed, it will have an estimated over 5,000 shops and booths and become the world’s largest of its kind.
In total CP&J City will have a site area of 1.2 million sq. m. which will be developed in phases.