Discreet Bullion
  • Home
  • Bullion
  • Prices
  • Blog
  • 1776
  • Links
  • About
  • FAQ
  • Contact
  • Diamonds

Demand for Platinum Jewellery Booming in India 

5/14/2014

0 Comments

 
Picture
India is now taking 40t of a roughly 200t annual mine supply, in addition a significantly higher amount is headed to China for jewellery manufacture. Then add in industrial demand of at least 120t/yr it means there is almost no platinum left over for investment bar and coin demand.

Of course this supply/demand tightness could even be greater if the platinum mines in South Africa do not resume full production soon.

From mineweb.com

Article link

MUMBAI (Mineweb) -

Platinum jewellery demand in India is likely to shoot up by 35% this year, given the price volatility and import curbs on gold and the rapidly changing consumer preferences for the metal.

A recent study by the Platinum Guild International (PGI) has forecast that India’s demand would be around 40 tonnes in 2014, as compared to around 30 tonnes in 2013, which would be a 41% growth.

Though India has been one of the largest markets for gold jewellery in the world, besides China and the United States, owning and acquiring gold and diamond jewellery for bridal wear appears to have ceded some territory to platinum jewellery.

If it is unlikely to supplant gold entirely, which has broad appeal in India, a study conducted by PGI nonetheless found that India has become the world’s fourth largest platinum jewellery market in terms of consumption globally, and that there is an unprecedented demand for platinum men’s jewellery, especially for upper middle class men in the age group of 25-40 years. 

Read more

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Follow our CEO on Twitter
    Tweets by @MoonSunTruth

    RSS Feed

    Favourite videos

    Archives

    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012

      Contact us          Questions            Prices            Storage               Bullion               About us