ALMAR is a case in point that will serve to develop the process of funding junior companies and geological exploration in general

Arkticheskaya Gornaya Kompaniya (AGK, Arctic Mining Company) develops the diamond deposits in the Lena-Anabar diamondiferous sub-province of Yakutia under the ALMAR (Diamonds of the Arctic) brand. This company attracts investments for...

10 may 2021

Stephan Wolzok: When we’re all able to go back to our “normal” lives, then the market will do the same

Rubel & Ménasché, the well-known Paris-based diamond company, has been supplying the jewelry houses of Place Vendôme with high-end small goods for over 50 years. The company has been granted European Commission “Authorized Economic Operator” (AEO)...

03 may 2021

Advanced Diamond Online Academy - how Branko Deljanin raises awareness among industry professionals

The intercontinental diamond educational web series, launched by BrankoGems Advanced Diamond Online Academy, premiered on April 9, 2021. A special course, created for diamond professionals, aims to raise awareness among industry players on diamonds...

26 april 2021

Igor Kevchenkov - “The things that will survive us”

Igor Kevchenkov, Director General of ‘Russkaya Yuvelirnaya Kompaniya (Russian Jewellery Company) No. 1’, one of the seasoned professionals in the jewellery industry due to many years of experience, answered the questions about the state of the...

19 april 2021

Gold brings stability, acts as insurance, and generates higher risk-adjusted returns especially in times of heightened uncertainty

Somasundaram PR (Som) joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. Som has over 27 years of...

12 april 2021

WGC: Global gold demand down 23% in Q1 y-o-y

03 may 2021
According to World Gold Council (WGC), Q1 gold demand was 815.7t, virtually on a par with Q4 2020, but down 23% compared with Q1 2020, as per a press release from WGC. 
While the average gold price in Q1 was 13% higher y-o-y, it declined by 4% q-o-q. The opportunity to buy at lower prices, relative to the highs seen last year, boosted consumer demand, particularly as many markets continued to emerge from lockdown and economic recovery lifted sentiment.
Jewellery demand of 477.4t was 52% higher y-o-y. The value of jewellery spending $27.5 bn was the highest for a first quarter since Q1 2013. Bar and coin investment of 339.5t, up 36% y-o-y was buoyed by bargain-hunting.
Growth in consumer demand was offset by strong outflows from gold-backed ETFs, which lost 177.9 in Q1 due to higher interest rates and a downward price trend.
Q1 saw continued healthy levels of net buying by central banks: global official gold reserves grew by 95.5t, 23% lower y-o-y, but 20% higher q-o-q. Gold used in technology grew 11% y-o-y in Q1 as consumer confidence continued to recover. The demand of 81.2t was just above the five-year quarterly average of 80.9t.

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