Silver jewellery sees India-led recovery

Fall led by China, India where jewellery offtake was weaker due to higher prices, build-up of stocks

Rajesh Bhayani  |  Mumbai 

This year is expected to be a better one, feels the silver trade on the global trend. The World Silver Survey 2017, issued by the US-based Silver Institute, said 2016 saw a nine per cent fall in demand for silver coin and medals fabrication, from a record high in 2015, to 123.2 million ounces (Moz). Total physical demand fell by 11 per cent to 1,027.8 Moz, with weaker offtake for jewellery, silverware and retail (by individuals) investment. Silver jewellery fabrication declined nine per cent to 207 Moz from the record of 228.3 Moz in 2015. The fall was led by China and ...

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Silver jewellery sees India-led recovery

Fall led by China, India where jewellery offtake was weaker due to higher prices, build-up of stocks

This year is expected to be a better one, feels the silver trade on the global trend. The World Silver Survey 2017, issued by the US-based Silver Institute, said 2016 saw a nine per cent fall in demand for silver coin and medals fabrication, from a record high in 2015, to 123.2 million ounces (Moz). Total physical demand fell by 11 per cent to 1,027.8 Moz, with weaker offtake for jewellery, silverware and retail (by individuals) investment. Silver jewellery fabrication declined nine per cent to 207 Moz from the record of 228.3 Moz in 2015. The fall was led by China and India, where jewellery offtake was weaker due to higher prices and a build-up of stocks. Monal Thakkar, director, Amrapali Group, said: "2016 wasn't a good year for India. Silver import halved. However, 2017 has given a very good pull. Import this year might again be higher."Alexander Cameron, manager at GFMS Thomson Reuters for precious metals demand in Asia, told this newspaper: "Jewellery fabrication demand is .. This year is expected to be a better one, feels the silver trade on the global trend. The World Silver Survey 2017, issued by the US-based Silver Institute, said 2016 saw a nine per cent fall in demand for silver coin and medals fabrication, from a record high in 2015, to 123.2 million ounces (Moz). Total physical demand fell by 11 per cent to 1,027.8 Moz, with weaker offtake for jewellery, silverware and retail (by individuals) investment. Silver jewellery fabrication declined nine per cent to 207 Moz from the record of 228.3 Moz in 2015. The fall was led by China and ... image
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