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WPIC – Turning to Platinum, Jan 2026

Summary

This report analyzes the growth and trends in global platinum jewellery demand, focusing on its increasing use in luxury watchmaking and jewellery.

It highlights a 6% growth in platinum jewellery fabrication in Europe in 2025, significant increases in Swiss watch hallmarking, and rising demand driven by platinum's price discount to gold. The report also discusses regional demand variations, including strong growth in China, softness in India due to US tariffs, and mixed outlooks for 2026.

Region: Global 
Published: February 2026 
Author(s): WPIC 
Language: English 
Geopolitical drivers: Regulatory changes 
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