以“花丝镶嵌”技艺立身，黄金品牌「寶蘭」完成过亿元A轮融资

Core Insights - The high-end gold jewelry brand "寶蘭" has recently completed over 100 million RMB in Series A financing, led by Challenger Capital, with participation from Kering Group and Shunwei Capital. The funds will be used for brand value enhancement, omnichannel layout, supply chain resilience upgrades, and core talent empowerment [1][2][4] Company Overview - "寶蘭" was established in 1988 and has focused on the ancient Chinese gold-making techniques, particularly the "flower wire inlay" craftsmanship, which is a form of intangible cultural heritage. The brand emphasizes the ritualistic and heritage aspects of jewelry consumption through intricate craftsmanship [2][4] - The brand's unique selling proposition lies in its mature "flower wire inlay" capabilities, with the founder having learned traditional gold-making techniques from a young age. The brand has established connections with several masters of this craft [4][12] Product Characteristics - "寶蘭" products are inspired by traditional Chinese cultural patterns and objects, combining exquisite craftsmanship with auspicious meanings. Examples include the "flower wire butterfly brooch pendant series," which symbolizes balance and harmony, and the "flower open treasure pendant series," representing prosperity and purity [4][12] - The brand's products are characterized by their intricate designs and the use of ancient gold-making techniques, which require skilled artisans and significantly longer production times compared to mass-produced gold jewelry [4][11] Market Trends - According to the China Gold Association, gold jewelry consumption is expected to decline by 25% in 2024, while the market for "ancient gold" continues to thrive. The well-known "old shop gold" segment has seen rapid growth, with a revenue increase of 251% year-on-year in the first half of 2025, reaching 12.354 billion RMB [11] - The revival of gold in China is not merely nostalgic but is seen as a forward-looking trend, with traditional craftsmanship evolving into modern expressions of fashion and social identity. This shift has attracted a broader consumer base, including younger generations seeking cultural expression [11][12] Brand Positioning - "寶蘭" has historically been less known to the public but has maintained a sense of luxury since its inception. The brand was the only jewelry representative at a high-end luxury product exhibition in Shanghai in 2019, alongside prestigious watch brands [11][12] - Compared to other high-end gold jewelry brands, "寶蘭" has been slower in expanding its physical retail presence, with its first store opening in Hangzhou and a subsequent store in Shenzhen in 2025. This indicates potential for growth in brand visibility and market reach [12][15]