GJ Town India

India the number one jewellery producer in the globe!   Recently, Silver Jewelry Report, Prepared for The Silver Institute-published in December. The report is widely focussed upon jewellery trend & Outlook 2021. The Scale of the Silver Jewelry Market says, last year global silver jewelry fabrication reached an impressive 200.2Moz (6,228t), up a full 26% on the low for the decade in 2012.   There was a quick recovery in many countries after that trough when the silver price fell, but the robust growth after that was largely driven by India. That country’s growth was in turn mainly due to rising disposable incomes plus supportive structural factors.   As explained, this year has proved tough, with demand expected to fall by 23% due to COVID damage. On a more positive note, we are forecasting a healthy recovery next year of 13%. Looking at key Silver Jewelry Markets, the report says, India is by some margin the largest producer, accounting for 35% of total fabricati...

Bring earlier stage projects for Silver! According to the World Silver Survey 2020 by Silver Institute, the main theme for mine output in the medium term is growth. This is partly due to a slight rise for mines already producing as operational improvements and expansions outweigh losses from grade decline and reserve depletion. We can also expect larger gains from new projects, both new primary silver projects (mainly in Mexico) and as a by-product. To avoid losses in the longer term (four to five years out), investment will be required to bring earlier stage projects into production as these are needed to replace lost output from reserve depletion, in both primary silver projects and assets where silver is a by-product.  In addition, disruption from industrial action will likely continue, as a major share of silver production comes from jurisdictions recently prone to disruption and there is little to suggest this trend will cease. The outlook for recycling is ...