Industry Body: Global Platinum Jewelry Demand Seen Falling 5% in 2015

Market Analysis
24/11/2015 20:05

The World Platinum Investment Council (WPIC) estimates that global demand for platinum jewelry in 2015 at 2,850 thousand ounces will be 5% lower than the corresponding figure of 2,990 oz in 2014, mainly due to weak demand in China. The projection was part of its fifth Platinum Quarterly data set. However, the body sees a slight improvement in 2016 and believes that jewelry demand could rise marginally to 2,905 oz.