In 2003, Zhejiang Angel Tears Jewelry Co., Ltd. was founded with a capital injection of 3.28 million US dollars. Is a comprehensive enterprise integrating scientific research, breeding, processing and sales. From dozens of people at the beginning of the business, it has developed into a leading enterprise in the pearl industry with an annual output value of several million yuan, more than 800 employees, an annual output value of 450 million yuan and a profit and tax of 1 10,000 yuan. Up to now, there are nearly 200 pearl farms in Zhejiang, Jiangxi, Hunan, Hubei, Jiangsu and other provinces, with a breeding surface of more than 50,000 mu.
In 2006, East China International Jewelry City, jointly invested by six companies including Hong Kong Minsheng Group and Zhejiang Angel Tears Jewelry Co., Ltd., was completed in Xiahu Lake, Zhuji.
At the end of 2008, China's first "Tears of Angels" brand flagship store made its debut in East China International Jewelry City.