GJ Town India

  A gap increased by an average of 63% in Q2’25    Recently published Platinum Quarterly Q2 2025 by World Platinum Investment Council [WPIC] reviewed 2025 second quarter Platinum market review-Jewellery demand. According to the review, global platinum jewellery demand increased by 32% year-on-year [YoY] in Q2’25 to 668 koz, the highest since Q4’17.    This in turn contributed to the highest first half total since 2015. Jewellery fabrication in Europe is estimated to have risen by 7% in Q2’25. The widening price differential between platinum and gold , which increased by an average of 63% in Q2’25 versus Q2’24, has helped platinum outperform the broader weakness in the jewellery sector.  In certain markets, we have seen platinum gain market share against the yellow metal. Meanwhile, a higher share of platinum in the bridal market, combined with relative price insensitivity for high-end branded jewellery, provided a degree of price inelasticity, limi...

  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...