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The trend signifies a mix of tradition and fashionable design, according to business leaders. China’s gold jewelry demand within the first three quarters of 2022 faced a roller-coaster journey. After a strong Q1 pushed by upbeat gross sales ahead of the Chinese New Year’s holiday, full-scale lockdowns in key cities slowed Q2 demand down considerably. And Q3 staged a sizable q-o-q restoration as local financial development rebounded and COVID-related restrictions eased. Investment motives constitute another key driver of Q3’s jewellery demand strength as consumers search value preservation in gold products amid COVID-related uncertainties and the rapidly depreciating local foreign money.

On the horizon is a brand new concept retailer design which is currently being examined within the U.K., Italy and China. However, momentum was derailed as gold costs surged in November and December. Our contacts instructed that demand came to a virtual standstill after mid-December, with clients preferring gold-for-gold trade; anecdotal evidence suggests such exchange volumes almost doubled during the quarter. Gold jewelry demand softened barely in 2022, nearly managing a return to pre-COVID levels of demand, which in 2019 stood at 2,127t. This was achieved throughout a year that saw periods of robust rises within the gold price and …

The trend signifies a mix of tradition and fashionable design, according to business leaders. China’s gold jewelry demand within the first three quarters of 2022 faced a roller-coaster journey. After a strong Q1 pushed by upbeat gross sales ahead of the Chinese New Year’s holiday, full-scale lockdowns in key cities slowed Q2 demand down considerably. And Q3 staged a sizable q-o-q restoration as local financial development rebounded and COVID-related restrictions eased. Investment motives constitute another key driver of Q3’s jewellery demand strength as consumers search value preservation in gold products amid COVID-related uncertainties and the rapidly depreciating local foreign money.

On the horizon is a brand new concept retailer design which is currently being examined within the U.K., Italy and China. However, momentum was derailed as gold costs surged in November and December. Our contacts instructed that demand came to a virtual standstill after mid-December, with clients preferring gold-for-gold trade; anecdotal evidence suggests such exchange volumes almost doubled during the quarter. Gold jewelry demand softened barely in 2022, nearly managing a return to pre-COVID levels of demand, which in 2019 stood at 2,127t. This was achieved throughout a year that saw periods of robust rises within the gold price and …