Tell Us More

Share a bit more information with us
to finalize your Free Quote request.

You are looking for information regarding:

2 to 10+ carat
Round Diamond
Country
United States Afghanistan Aland Islands Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Chinese Taipei Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, the Democratic Republic of the Cook Islands Costa Rica Cote d'Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hong Kong Hungary Iceland India Indonesia Iran Iran, Islamic Republic of Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea Korea, Democratic People's Republic of Korea, Republic of Korea (South) Kuwait Kyrgyzstan Lao People's Democratic Republic Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macedonia, the former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Northern Mariana Islands Norway Oman Pakistan Palestinian Territory, Occupied Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Republic of China Reunion Romania Russian Federation Rwanda Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Serbia and Montenegro Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Minor Outlying Islands Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Vietnam Virgin Islands, British Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe

June 2002

While overall platinum sales increased during 2001, platinum jewelry sales were down almost across the board.

After a decade of expansive growth, platinum has experienced two consecutive years of decline in platinum jewelry demand, according to a report by Johnson & Matthey.

Worldwide consumption of platinum jewelry fell 10 percent to 2.55 million ounces.

Hurt by a declining international luxury market in 2001, platinum jewelry fell in nearly all regions except China, which has traditionally embraced the white-metal look of platinum jewelry. Chinese consumers demand for platinum jewelry increased 18 percent during 2001.

The United States and Japanese markets, meanwhile, which had driven the fashion craze for platinum jewelry during the late 1990s, fell victim to economic slowdown last year. Demand for platinum jewelry were, therefore, down 33 percent and 26 percent, respectively.

With the price of platinum up to as much as $650 per ounce, and the economy slipping, the taste for white metals was channeled into white gold and sterling silver, sales of which were up, for example, at Tiffany last year.

Platinum does, however, remain the metal of choice for diamond engagement rings. During the 1990s’ marketing push for platinum jewelry, the focus was on the bridal category. Especially for pieces priced $5,000 and up, brides still prefer a platinum setting for their diamond rings.

However, even platinum’s stronghold on the bridal market around the world could not help boost platinum jewelry demand. In Japan, for example, sales of engagement rings and wedding rings also fell as the number of marriages dropped compared to 2000—the Millennium year.

Finally, platinum’s two year decline coincides with a strong fashion trend toward yellow gold.

Platinum Jewelry Demand

(in ounces)

2000

2001

% change

Europe

190,000

170,000

-10.5%

Japan

1,060,000

710,000

-33%

North
America

380,000

280,000

-26%

China

1,100,000

1,300,000

+18%

Rest of
World

100,000

90,000

-10%

Total

2,830,000

2,550,000

-10%

Related Articles

“Largest” lab-grown pink diamond graded by GIA
Blog Archive

“Largest” lab-grown pink diamond graded by GIA

New record for most diamonds set in one ring
Blog Archive

New record for most diamonds set in one ring

Extravagant Diamond Jewelry from Peggy Rockefeller up for auction
Blog Archive

Extravagant Diamond Jewelry from Peggy Rockefeller up for auction