Platinum and Palladium Jewelry Demand Fell Sharply in 2010

The purchasing of platinum by the worldwide jewelry industry fell by 14 percent to 2.42 million ounces in 2010 following an extremely strong 2009, according to a platinum group metals report by specialty chemicals and advanced materials company, Johnson Matthey.

Demand from the Chinese jewelry sector remained robust, at 1.65 million ounces, but this was significantly below the exceptional