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Demand for gold jewelry is mixed


In short, in India the demand for gold jewelry is high, while in China it is weakening.

China and India are the most important markets when it comes to sales of gold jewelry. In the second quarter of 2022, demand from the jewelry industry rose to a good 484 tons of gold compared with 456 tons in the same quarter of the previous year – an increase, in other words. The development in the two most important markets was very different. In China, demand fell by almost 30 percent year-on-year due to strict pandemic regulations. The Indians, on the other hand, saw demand rise by almost 49 percent. In 2020, gold jewelry demand slumped worldwide due to corona. However, a recovery set in as early as 2021, with jewelry production rising by 67 percent. Especially in the fourth quarter of 2021, more jewelry passed over the counter than at any time since 2013. Demand for bars and coins also rose sharply, as did purchases by central banks.

So in 2022, India has overtaken China in the purchase of gold jewelry. China has suffered and continues to suffer from the sealing off of major cities caused by the pandemic. However, trends can also be identified in China that could attract more younger buyers to gold jewelry. These are new directions in design, shape, personalized designs or color. Well-known designers and especially 18-karat gold jewelry are popular. Perhaps, also in view of the high ongoing inflation rate, there is more gold jewelry under the tree at Christmas, who knows, after all, gold has the value retention factor.

Gold can be bet on with Sierra Madre Gold and Silver. High-grade projects in Mexico with a very good historical resource estimate should ensure success.

Fury Gold Mines – https://www.youtube.com/watch?v=Omw4Pw5pyr4 – has prospective gold projects in Nunavut and Quebec.

Current corporate information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -) and Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

Posted by on 24. October 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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