Platinum Jewellery demand on mounting spree
India’s platinum jewellery retail approaches on expansion According to the Platinum Quarterly Q1 2025, World Platinum Investment Council [WPIC], the outlook for Platinum Jewellery demand 2025 is expected to contract by 4% year-on-year. The outlook for the platinum market in 2025 has become increasingly uncertain due to the United States’ fluctuating trade policy, other nations’ responses and the consequent impact all this may have on the global economy. At the time of writing, we have seen yet another executive order relating to US tariff policy (the third order in one month), underscoring how transient any forecast may prove to be this year. Against this backdrop, we continue to forecast a deep market deficit of 966 koz, as supply once again falls well short of demand. Total supply for the full year is expected to reach 6,999 koz, a decline of 4% compared to 2024. Refined mine production is projected to contract by 6%, while seconda...