Global gold demand remained muted in Q2 2018 at 964 tonnes (t), 4% below the same period in 2017, according to the World Gold Council’s latest Gold Demand Trends report. Slower inflows into gold-backed exchange-traded funds (ETFs) created a weak comparison against the highs of last year, contributing to the lowest H1 demand since 2009. Whilst China, the world’s largest gold market, saw a 7% rise in consumer demand.
In the short-term, geopolitical tensions especially between the U.S. and China would continue to impact the diamond sector, while rising prices and a falling rupee would weigh negatively on the gold jewellery segment, says Care Ratings report
Fuelled by an expanding economy and rising wealth, China's gold jewellery demand has boomed since the early 2000s.
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