A good jewelry shop is one of the best ways to experience the country, according to a new study.
The Wall Street, the New York Times and the BBC analyzed the top 10 trends in jewelry in 2014, and concluded that the best way to buy jewelry is to shop in an urban mall or flea market.
“It’s the most beautiful country in the world,” said Michael Worswick, a professor of business at New York University who co-authored the study.
“If you live in the suburbs and go to malls, it’s going to look a lot different from the mall.”
Worswick said the findings have broader implications for a country where 80 percent of people do not have access to banking or credit.
“We’re seeing more and more people start shopping online.
So it becomes more of a ‘must do’ activity.”
Worwick said there’s a “lack of a sense of place” in the country and that people are shopping in “ghetto malls and flea markets.”
He noted that China has one of Asia’s largest and most expensive economies, and it’s possible that its high retail costs and high demand for affordable jewelry are driving the trend.
“I don’t know that there’s any reason to think the malls aren’t a factor,” Worsick said.
The BBC said it found the best jewelry stores in the Shanghai Mall and Hong Kong mall, as well as the largest and busiest jewelry stores.
In China, the vast majority of jewelry buyers go online.
Worsick told the BBC that while some jewelry stores are owned by Chinese nationals, many are owned and operated by Westerners.
“In terms of the demographics of the stores, I think it’s a little bit of a stretch to call them malls,” Worwick told the news outlet.
“You’ve got all these foreign people coming in with a very different mindset.”
China’s biggest mall, the Hong Kong Mall, is home to the world’s largest flea and pet trade show, the Shanghai International Flea and Pet Show.
Worsood said that is a common theme.
“There’s a lot of foreign people in the flea trade.
There’s a real interest in flea animals and animals in general.”
The BBC also noted that most of China’s largest malls are privately owned.
The Wall St. report noted that “most of the malls are owned or managed by local governments, and that means they’re also not subject to local laws.”
According to Worswood, most Chinese buyers are in their 20s and 30s.
Worshipers and jewelry stores have grown in popularity in recent years, and Worsight said that China’s youth are beginning to be more vocal about their love of jewelry.
“They’re not in the jewelry business yet, but they’ve grown to love jewelry, and they’re not buying in the traditional retail model.”