Pen Pals

May 1998

Precious Metals:Data & Statistics

Platinum Jewelry Continues Upswing

Demand for platinum by jewelry manufacturers reached an estimated 2.07 million ounces in 1997, up 4% from 1996, according to refiner Johnson Matthey. Jewelry manufacturers in North America (the U.S. in particular) and China used significantly more platinum last year.

Their counterparts in Europe reported modest growth, good news after several years of recession.

The only bad news was in Japan, where recession and government scandals have brought a continued downturn in consumer spending.

See maps below for the regional breakdown.


 North America +56%

 

China +300%

Europe +16%

Japan -7%


Source: Johnson Matthey


Copyright © 1998 by Bond Communications.


 

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