Gold Jewelry in Demand
Filed in archive Metallic Jewelry by tammy on August 15, 2006
is more popular than ever. The bad news is that gold jewelry is more popular than ever, especially in developing countries.Ugh. This means that because gold jewelry is so hot right now, there's a larger demand for it. This, not surprisingly, doesn't help bring down the cost of gold, which has gone through the roof.
Here's some interesting information from a CNN report, which says among other things that "jewelry accounts for almost 70 percent of total demand for gold." Here's more:
Gold has already had a sensational run, with a 45 percent rise in gold prices in the last 12 months.
That may be dampening immediate demand for jewelry, but key social and cultural events later this year are expected to put extra shine on the precious metal.
According to the World Gold Council, jewelry already accounts for nearly 70 percent of total demand but the emancipation of women in developing countries is leading to enormous growth in potential markets for gold jewelry.
A recent WGC report found that women in the developing world have gained both greater responsibility for the way they dress and more disposable income, which has led to many more women falling into gold jewelry's target groups.
Permalink: Gold Jewelry in Demand
Tags:
jewelry gold fashion demand gold+jewelry jewelry+demand fashion+jewelry
Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/31939
