Wednesday, January 12, 2011

“Chinese manufacturers cash in on royal wedding (Reuters)”

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“Chinese manufacturers cash in on royal wedding (Reuters)”


Chinese manufacturers cash in on royal wedding (Reuters)

Posted: 12 Jan 2011 01:44 AM PST


YIWU, China (Reuters Life!) – Britain may be on the other side of the world, but Chinese manufacturers are cashing in on the British royal wedding as they churn out tens of thousands of replica royal engagement rings.

Last November, Prince William and his beaming fiancee Kate Middleton showed off the blue sapphire ring, surrounded with diamonds, which had belonged to William's mother, the late Princess Diana.

Dozens of factories located in the eastern Chinese city of Yiwu in Zhejiang province, home to the world's largest wholesale market for a wide range of small items from pencils to socks to cups, have been rushing to produce knockoffs of the ring to meet surging global demand.

Jewelry manufacturer Zhou Mingwang said he jumped at the opportunity

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