JOHANNESBURG (miningweekly.com) – Despite metal price and import tariff headwinds, platinum jewellery delivered growth across all markets in 2025, generating the highest demand level since 2019.
South Africa is the world's largest producer of platinum, consistently supplying 70% to 80 of total annual output.
“While the world was being disrupted profoundly, the key platinum jewellery markets responded with remarkable resilience,” Platinum Guild International (PGI) CEO Tim Schlick said during the presentation of the 2025 platinum jewellery business review themed 'A year of resilience'.
In China, 2025 platinum jewellery fabrication rose 56% to 589 000 oz, the strongest manufacturing year since 2022, while gold jewellery demand fell by 25%.
The surge was driven largely by the sharp rise in the gold price, which attracted new participants to platinum jewellery.
