Luxury brands, gold, jewellery, jade, emerald and other valuables because of the high value, consumption, but also has a strong management needs, so more and more jewellery brands use UHF RFID tags to manage, we take the most common daily consumption of gold as an example.

Market Summary:

1 2020, due to the impact of the epidemic, resulting in China's gold consumption is much lower, according to the normal year, the annual consumption of 700 tonnes of gold volume, the average weight of each piece of gold jewellery 10 grams to calculate the annual pcs of gold jewellery is about 70 million, plus jadeite, diamonds, luxury brands, and other valuables, the annual consumption of UHF RFID tags in this market has the potential to be consumed by about 20-30 million pcs. 300 million.

2 Luxury goods and jewellery and other valuable markets are now becoming more and more brand concentrated, because of the large value, consumers also have a high demand for anti-counterfeiting authentication, so the market driver is also good.

3 At present, there are many luxury goods and jewellery brands have been piloting the use of UHF RFID, used to do inventory and anti-counterfeiting, so the tags will involve UHF and HF bands.