Source: Yiwu sourcing agent Author: Gary Date: 2011-06-06
The British royal wedding of Prince
William and Kate Middleton was held
just a month ago and now in Yiwu,
which is far away from Britain, enterprises
and businessmen have calculated
how much they have earned from this
royal wedding.
A private enterprise owner told the
journalist that approximately 5 million
imitation.Prince William's wedding
rings' and other related products were
exported from Yiwu with an export
volume of over 100 million yuan.
Considering the intellectual property
rights and other legal issues, he consulted
many lawyers and experts in
Hangzhou and Shanghai. He said,
' Strictly speaking, the product is just
a kind of imitation engagement ring
which is not a genuine ring but a
cheap souvenir.' According to a
market survey, this imitation ring sells
at 18 to 30 yuan. 'The overseas Chinese
who are my fellow townsmen in
Wenzhou told me that everyone in
Europe wears that kind of ring in that
period,' Zhou Mingwang said.' I
estimated that 80-90% of those rings
were exported from Yiwu.'
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