Diamonds may be a girl’s best friend but for budget-conscious ring-bearers, the preferred material might be platinum. According to Platinum Guild International, the low platinum price in 2016 had retailers stocking up on the precious metal, with Indians and Americans the most likely to put a platinum ring on it. In India platinum demand soared 11.4%, … Read More →
The Chinese market has fuelled global demand for platinum jewellery in the first quarter of 2017, data from World Platinum Investment Council (WPIC) showed. The Chinese market has fuelled global demand for platinum jewellery in the first quarter of 2017, data from World Platinum Investment Council (WPIC) showed. According to WPIC’s latest Platinum Quarterly report, … Read More →
The rising popularity of contemporary pearl jewellery designs is driving the demand for Tahitian pearls in Greater China. According to the Tahitian Pearl Association in Hong Kong (TPAHK), positive market response at international trade fairs, coupled with good auction sales, is indicative of buyers taking a more optimistic stance with regards to demand. “Tahitian pearls … Read More →
Luk Fook Holdings (International) Ltd reported a 2 percent increase in sales in the fourth quarter of its financial year ended March 31, 2017, largely due to improved market conditions and solid demand for gem-set jewellery. The company said it recorded a turnaround after 12 consecutive quarters of decline, adding that sales in Hong Kong and … Read More →
The jewellery industry, which witnessed a steep fall in demand due to the income tax department’s crackdown on jewellers after demonetisation, is slowly limping back to normalcy with the majority of consumers opting for a digital mode of payment. After an initial surge in jewellery sale just after the government’s note ban announcement, the demand … Read More →
An increase in income levels, coupled with steady interest from the younger generation, is likely to fuel India’s gold jewellery demand in the coming years, according to the World Gold Council (WGC). In its report, “India’s gold market: evolution and innovation,” WGC said the rise of India’s middle-class consumers will play a vital role in … Read More →
Global gold demand rose at its fastest pace ever in 2016, according to an industry report released on Thursday. Demand for gold has spiked by a 21 per cent from January to March this year or 1,290 tonnes. This is the largest increase on record, according to the World Gold Council (WCG) which said the … Read More →