Score Some Beijing Bling With Fuqi
By Eric Jackson
TheStreet.com Senior Contributor
1/8/2010 6:59 AM EST
Tremendous wealth has been created over the past four years due to China's boom, with the property market being particularly heated, and that trend looks likely to continue throughout 2010. Seeing opportunity in these newly found fortunes, armies of Chinese retailers are seeking to entice the nouveau riche with their goods.
Compared to North America, high-end luxury brands in Asia have been raking in huge margins for years, and those companies are now lining up to take advantage of China's growth. Naturally, jewelry is part of that group, but rather than play an expansion of a larger Western brand into China, consider directly investing in Chinese high-end jewelry wholesaler Fuqi International (FUQI - commentary - Trade Now).
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