High Gold Prices Deter Jewelry Demand

 
Global jewelry demand for gold declined 15 percent, year-over-year, to 476.5 tons in the fourth quarter of 2011, the World Gold Council reports. In value terms, demand was 5 percent higher at $25.9 billion, a quarterly record. 

For 2011, demand fell 3 percent, year-over-year to 1,962.9 tons, as the price of gold rose by 28 percent for the period. In value terms, demand grew by 25 percent to a

High Gold Prices Deter Jewelry Demand

 
Global jewelry demand for gold declined 15 percent, year-over-year, to 476.5 tons in the fourth quarter of 2011, the World Gold Council reports. In value terms, demand was 5 percent higher at $25.9 billion, a quarterly record. 

For 2011, demand fell 3 percent, year-over-year to 1,962.9 tons, as the price of gold rose by 28 percent for the period. In value terms, demand grew by 25 percent to a

Win $5,000 in Gold Wedding Ring Hunt on Times Square

Photo credit: World Gold Council

“Miranda Brownvile” lost her gold wedding band on Times Square and is recruiting help in finding it by offering $5,000 for the person who does locate the ring. The ring hunt is actually a Twitter-based promotion put on by the World Gold Council. The contest kicks off on Dec. 26 with the debut in Times Square of a 15-second video billboard featuring Miranda

Win $5,000 in Gold Wedding Ring Hunt on Times Square

Photo credit: World Gold Council

“Miranda Brownvile” lost her gold wedding band on Times Square and is recruiting help in finding it by offering $5,000 for the person who does locate the ring. The ring hunt is actually a Twitter-based promotion put on by the World Gold Council. The contest kicks off on Dec. 26 with the debut in Times Square of a 15-second video billboard featuring Miranda

U.S. Gold Jewelry Demand Down 8%; Global Jewelry Demand Up 6%; India Accounts for 32% of Demand

Gold jewelry demand in the U.S. fell 8 percent, year-over-year, to 21.7 metric tons for the second quarter of 2011, the World Gold Council said Thursday. However, in value terms, demand strengthened by 15 percent to $1.1 billion, which mostly reflects a 26 percent increase in the price of gold during the period.

“The combination of high unemployment, frail economic growth and stubborn inflation

U.S. Gold Jewelry Demand Down 8%; Global Jewelry Demand Up 6%; India Accounts for 32% of Demand

Gold jewelry demand in the U.S. fell 8 percent, year-over-year, to 21.7 metric tons for the second quarter of 2011, the World Gold Council said Thursday. However, in value terms, demand strengthened by 15 percent to $1.1 billion, which mostly reflects a 26 percent increase in the price of gold during the period.

“The combination of high unemployment, frail economic growth and stubborn inflation

World Gold Council Drafts Conflict-Free Gold Standards

Gold doré

The World Gold Council said Friday that it is developing a system similar to the Kimberley Process for diamonds to ensure that gold is coming from conflict-free sources.
The WGC, which serves as the marketing development organization for the gold industry, said it has drafted a framework of two standards designed to track gold from the mine to the end of the refining process. They

World Gold Council Drafts Conflict-Free Gold Standards

Gold doré

The World Gold Council said Friday that it is developing a system similar to the Kimberley Process for diamonds to ensure that gold is coming from conflict-free sources.
The WGC, which serves as the marketing development organization for the gold industry, said it has drafted a framework of two standards designed to track gold from the mine to the end of the refining process. They

Global Gold Jewelry Demand Strong in Asia while Weak in U.S., Europe and Middle East

Gold Jewelry demand increased 7 percent, year-over-year, to 556.9 tons in the first quarter of 2011, which translates to a record value of $24.8 billion, the World Gold Council said Thursday. India and China, the two largest markets for gold jewelry, together accounted for 349.1 tons or 63 percent of the total, $16 billion by value. In the U.S., gold jewelry demand declined 10 percent to 20.5

Global Gold Jewelry Demand Strong in Asia while Weak in U.S., Europe and Middle East

Gold Jewelry demand increased 7 percent, year-over-year, to 556.9 tons in the first quarter of 2011, which translates to a record value of $24.8 billion, the World Gold Council said Thursday. India and China, the two largest markets for gold jewelry, together accounted for 349.1 tons or 63 percent of the total, $16 billion by value. In the U.S., gold jewelry demand declined 10 percent to 20.5

WGC Report: Q1 Gold Prices Reach New Heights

Photo by Anthony DeMarco of the Jewelry News Network

The World Gold Council recently released a report that was behind the times the moment it was publicized. But it does reaffirm the notion that investment demand in gold is pushing the price to levels that were unheard of just months ago.

Against a backdrop of uncertain global markets and a rising price, gold remained one of the least

WGC Report: Q1 Gold Prices Reach New Heights

Photo by Anthony DeMarco of the Jewelry News Network

The World Gold Council recently released a report that was behind the times the moment it was publicized. But it does reaffirm the notion that investment demand in gold is pushing the price to levels that were unheard of just months ago.

Against a backdrop of uncertain global markets and a rising price, gold remained one of the least

Gold Jewelry Demand Up 17% in 2010 led by India and Asia While Demand in U.S. and Europe Remains Sluggish

Annual demand for gold jewelry rose 17 percent to 2,059.6 tons as Asian consumers continue to drive jewelry demand, the World Gold Council reports. The rise in annual average prices over the same period was 26 percent.

In value terms, this resulted in record annual jewelry demand of $81 billion in 2010, according to the WGC’s quarterly Gold Demand Trends report, a 47 percent increase over 2009

Gold Jewelry Demand Up 17% in 2010 led by India and Asia While Demand in U.S. and Europe Remains Sluggish

Annual demand for gold jewelry rose 17 percent to 2,059.6 tons as Asian consumers continue to drive jewelry demand, the World Gold Council reports. The rise in annual average prices over the same period was 26 percent.

In value terms, this resulted in record annual jewelry demand of $81 billion in 2010, according to the WGC’s quarterly Gold Demand Trends report, a 47 percent increase over 2009

Gold Jewelry Demand Up 18%, Total Demand Up 29%

The gold price rose for the tenth consecutive year in 2010 reaching $1,405.50 an ounce by the end of December on the London PM fix, a 29 percent increase from last year’s levels, the World Gold Council reports. Last year’s price performance was driven by developments in key gold markets, WGC said in its Gold Investment Digest for the fourth quarter and full-year 2010. China saw increased

Gold Jewelry Demand Up 18%, Total Demand Up 29%

The gold price rose for the tenth consecutive year in 2010 reaching $1,405.50 an ounce by the end of December on the London PM fix, a 29 percent increase from last year’s levels, the World Gold Council reports. Last year’s price performance was driven by developments in key gold markets, WGC said in its Gold Investment Digest for the fourth quarter and full-year 2010. China saw increased