Chinese gold jewellery demand to remain robust
Duncan Richardson, News Editor
28 Mar 2014, 11:06 a.m.
Barclays bank is predicting that Chinese demand for gold jewellery will remain robust over the short to medium term. According to figures released for the World Gold Council, almost 80% of Chinese consumers plan to spend the same or more on gold jewellery in 2014 as they did in 2013.
Chow Tai Fook the world’s largest jewellery maker, also expects demand to remain strong in China with senior management confirming they expect the mass luxury jewellery market to continue to expand.
Jewellery demand in China has experienced significant growth since 2006, with an average growth over 10% per year.