GJ Town India

  A young customer and generate incremental demand!   According to the World Platinum Investment Council (WPIC), global jewellery demand is expected to rise by 5% (+102 koz) year-on-year to 1,951 koz in 2024. Steady results for Europe in Q4 should bring about a 3% rise for the full year. The mass market and bridal sector have underperformed, due to such drivers as the slower uptake of lab grown diamonds than in the US, but the top end remains robust.    This might surprise given talk of weakness in China hitting the luxury brands, but it is the entry level ones that have suffered, with the very top (where platinum is more prevalent) proving resilient. North America is expected to see slightly stronger growth in quarter four as the above positive factors remain in play and as some  are expecting the start of an uptick in the engagement market.    Destocking is also no longer a negative, but the election cast a cloud over October sales. As ...

Platinum demand rose 21% in 4Q 2021   The World Platinum Investment Council-WPIC’s views on issues and trends relevant to those investors considering exposure to platinum as an investment asset, including a high level overview of the potential impacts from the Russian invasion of Ukraine, plus an update on how our product partnerships continue to meet investors’ needs. Here is the gazing of Platinum supply and demand for 2022 on the back of updating 2021.   Total platinum demand rose 21% (+283 koz) quarter-on-quarter in Q4’21, with ongoing strong demand from the industrial and jewellery segments supplemented by improving automotive demand, despite ongoing semiconductor shortages. This was helped by improved but still negative investment demand, with ongoing strength in bar and coin demand offset by continued reductions in ETF holdings and stocks held by exchanges (primarily NYMEX), albeit at lower rates than in Q3’21.  In the platinum market a further sign of the posi...