Abstract: The development of Fei-st’ui industry in Pingzhou, Naihai, Guangdong Province, is studied based on industry cluster theory and a conclusion that Fei-ts’ui industry in Pingzhou has formed industry cluster is drawn. The history, reason of the industry cluster formation and advantage of Fei-st’ui industry in Pingzhou are analyzed. Some advices on the industry cluster development of Fei-st’ui industry in Pingzhou are put forward and can be referred by the cluster development of the Fei-st’ui and jewelry industry in China.