Hotan Jade Resources is a unique characteristic resource in China. Qinghai Kunlun Jade Co., Ltd. in Golmud, Qinghai Province donated jade for medals in the 2008 Beijing Olympic Games for free, which has greatly improved the brand and value of Hotan Jade in Kunlun Mountain and made it famous around the world. Its products have ranked among the top jewelry in China, and the trend of jewelry development has emerged. After years of development, the industry has been radiating through raw materials in multiple regions in China, including Zhenping in Henan, Suzhou in Jiangsu, Shenzhen in Guangdong, and Jieyang. It has sporadically cultivated and developed many independent research and development, design, processing and manufacturing, brand specific supply, wholesale and retail enterprises and individual businesses, forming a local regional market. Due to limitations in production factors, supporting services, industrial policies, tax policies, etc., local resources only remain in the trade of raw materials, and the downstream of the industrial chain cannot effectively develop. Due to the constraints of traditional business models and the impact of the internet industry economy, industry dividend returns are relatively limited, and economic benefits have been declining year by year. Subsequent investment and development are very difficult, and the industry as a whole has not formed an effective large-scale industrial cluster.
