The world’s jewellery demand for gold in the second half-year recorded a two-percent increase from H2 2014, making it the strongest H2 for jewellery demand in 11 years, according to WGC’s newly published Gold Demand Trends.
While Q4 2015 changed a little bit year-on-year at 671.4 tonnes (-6 tonnes), the third and fourth quarters combined marked the strongest H2 for gold jewellery in 11 years, expanded by two percent to 1,299.9 tonnes from 1,271.5 tonnes of the same period of 2014.
In the full-year terms, however, annual demand declined 66 tonnes (-3%) to 2,414.9 tonnes from 2014’s 2,480.8 tonnes. “Economic and socio-political factors caused significant declines across a number of markets during the course of the year. Jewellery demand in Turkey, the Middle Eastern markets and Russia all suffered such effects. But there were positive areas, too. India was at the forefront of these,” said the report.
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