WPIC – Trending Upward, May 2025

The main theme of the report is the rising demand for platinum jewelry and investments in platinum.

Key findings include a 9% increase in platinum jewelry demand in the first quarter of 2025, with a projected 5% growth for the entire year. All regions show strong performance, particularly in Europe, North America, and Japan. Significant growth in platinum jewelry demand is expected in China, with a 15% increase in 2025. High gold prices negatively impact gold jewelry demand in China, driving a shift towards platinum. Unprecedented growth in investment demand for platinum is observed in China.