Report: Platinum Jewelry Demand Fell 11% In Q2

Finance and Trade
09/09/2015 08:01

Worldwide demand for platinum jewelry fell 11% on the quarter in the second quarter of this year, according to the World Platinum Investment Council (WPIC) in its latest quarterly update. The reduced demand was seen across the world despite the lower price of platinum. Demand was slower in China in Q2 from Q1 partly as a result of the New Year sales that took place in the first months of the year, but also because of lower jewelry store sales.