WPIC – Platinum Perspectives, May 2025

The main theme is the recovery of demand for platinum jewelry in China after a prolonged decline.

Key findings include a 1% increase in demand for platinum jewelry in China in 2024, revised growth forecasts for 2025 from 5% to 15%, reaching 474,000 ounces, the opening of ten new platinum jewelry showrooms in the Shuibei region, China, in 2025, a shift of jewelry businesses from gold to platinum due to higher margins, and platinum imports to China reaching a 12-month high in April 2025.