At present, there are more than 300 jewellery manufacturers, around 3,700 retailers of jewellery, watches and precious gifts, and over 20,000 employees working in the jewellery industry in Hong Kong engaging in jewellery design, manufacturing, trading, retail, wholesale, etc. The Hong Kong jewellery industry is broadly divided into two sectors: fine jewellery and imitation jewellery. In the first half of 2018, jewellery made of precious metal accounted for 91.1% of Hong Kong’s total exports of jewellery in terms of value. Among high jewellery, gem-set jewellery is the most sought-after among the fine jewellery. Hong Kong manufacturers produce exquisite gem-set jewellery and pure-gold items which can rival that of world-class manufacturers in Europe.