Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Global gold investment demand up 122% in Q1’16

20 may 2016
Global gold demand reached 1,290 tonnes in the first quarter of 2016, a 21 per cent increase compared to the same period last year, making it the second largest quarter on record. This increase was propelled by the heavy traffic in exchange traded funds (ETFs), fuelled by investor concerns regarding economic fragility and an uncertain financial landscape, according to the recently published World Gold Council’s Gold Demand Trends report.
In total, investment demand was 618t, up 122 per cent from 278t in the same period last year, igniting a rally in the gold price which appreciated by 17 per cent in dollar terms during the quarter. Inflows into ETFs totalled 364t in the quarter - the highest quarterly level since Q1 2009 - compared to 26t in Q1 2015.
Gold was preferred as a risk diversifier due to the negative interest rate environment in Europe and Japan, combined with uncertainty over the Chinese economy, anticipation of slower interest rate rises in the US and global stock market turmoil.
There was a marginal increase (on y-o-y basis) in total bar and coin demand which stood at 254t.
Global demand for jewellery fell 19 per cent owing to higher prices and industrial action in India and a softening of the economy in China, leading to consumers delaying purchases. Demand levels slipped in India and China. Both countries had a slow start to the year.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough&Polished