{"id":28899,"date":"2024-12-04T17:07:46","date_gmt":"2024-12-04T11:37:46","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=28899"},"modified":"2024-12-11T13:34:13","modified_gmt":"2024-12-11T08:04:13","slug":"indias-growing-appetite-for-platinum-jewellery-drives-global-demand","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/indias-growing-appetite-for-platinum-jewellery-drives-global-demand\/","title":{"rendered":"India\u2019s Growing Appetite for Platinum Jewellery Drives Global Demand"},"content":{"rendered":"<p>India\u2019s jewellery industry is playing a pivotal role in driving global demand for platinum, as highlighted in the latest <em>Platinum Quarterly<\/em> report released by the World Platinum Investment Council (WPIC). The surge in Indian jewellery fabrication, coupled with persistent supply constraints, is expected to lead to a third consecutive market deficit of 539 koz in 2025.<\/p>\n<p>India\u2019s growing middle class, increasing disposable incomes, and evolving consumer preferences have fuelled the demand for precious metals, including platinum. This has led to a significant uptick in jewellery fabrication.<\/p>\n<p>In Q3 2024, Indian jewellery fabrication surged by 68% year-on-year to 66 koz, contributing to the overall 7% increase in global jewellery demand to 478 koz.<\/p>\n<p>This rise, along with gains in key markets such as Japan and North America, will help overall jewellery demand for 2024 increase by 5% (+102 koz) year-on-year to 1,951 koz. This strong performance is expected to continue, with a projected 2% increase to 1,983 koz in global jewellery demand in 2025.<\/p>\n<p>Growth is anticipated to continue in India, and also expected in North America, driven by post-election sentiment, and, in China, supported by product innovations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s jewellery industry is playing a pivotal role in driving global demand for platinum, as highlighted in the latest Platinum Quarterly report released by the World Platinum Investment Council (WPIC). The surge in Indian jewellery fabrication, coupled with persistent supply constraints, is expected to lead to a third consecutive market deficit of 539 koz in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":28900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-28899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India\u2019s Growing Appetite for Platinum Jewellery Drives Global Demand - Diamond jewellery magazine<\/title>\n<meta name=\"description\" content=\"Solitaire International Magazine: Get the best diamond jewellery magazines in India. Get the latest diamond jewellery news and information.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/indias-growing-appetite-for-platinum-jewellery-drives-global-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s Growing Appetite for Platinum Jewellery Drives Global Demand - Diamond jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Solitaire International Magazine: Get the best diamond jewellery magazines in India. Get the latest diamond jewellery news and information.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/indias-growing-appetite-for-platinum-jewellery-drives-global-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-04T11:37:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-11T08:04:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2024\/12\/New-Project-10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/indias-growing-appetite-for-platinum-jewellery-drives-global-demand\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2024\/12\/New-Project-10.jpg\",\"width\":1000,\"height\":600,\"caption\":\"Diamond jewellery magazine\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/indias-growing-appetite-for-platinum-jewellery-drives-global-demand\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/indias-growing-appetite-for-platinum-jewellery-drives-global-demand\/\",\"name\":\"India\\u2019s Growing Appetite for Platinum Jewellery Drives Global Demand - Diamond jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/indias-growing-appetite-for-platinum-jewellery-drives-global-demand\/#primaryimage\"},\"datePublished\":\"2024-12-04T11:37:46+00:00\",\"dateModified\":\"2024-12-11T08:04:13+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"description\":\"Solitaire International Magazine: Get the best diamond jewellery magazines in India. 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