TrendsApr 02, 2026
Michelle Yeoh Fronts New Mikimoto Campaign The campaign is a tribute to the year 1893, when Kokichi Mikimoto created the world’s first cultured pearl.
MajorsAug 06, 2019
US Gold Jewelry Demand Hits 10-Year High in H1
The second quarter also was the market’s 10th consecutive quarter of growth, the World Gold Council said.
In Q2, the U.S. market recorded its 10th consecutive quarter of growth in gold jewelry demand. Pictured here are a pair of gold and diamond earrings from Lalaounis.
London—Gold jewelry demand was up slightly in the second quarter, aided by the United States and Middle East while the June price increase curtailed demand elsewhere, the World Gold Council said.
According to its latest Gold Demand Trends report, the global appetite for gold jewelry reached 531.7 tons in Q2, a 2 percent year-over-year increase.
In the first half of the year, it totaled 1,061.9 tons, a four-year high and a 1 percent increase on last year’s 1,048.2 tons.
The U.S. recorded its 10th consecutive quarter of growth in gold jewelry demand in Q2, lifting first-half demand to a 10-year high of 53.4 tons.
The market recovered from the effect of the late 2018/early 2019 government shutdown, the World Gold Council said, and consumer confidence rose again in the first two months of the quarter before slipping in June as concerns grew over the country’s trade war with China.
In India, meanwhile, gold jewelry demand had its best quarter of year-over-year growth since Q2 2017. Demand was up 12 percent to 168.6 tons, compared with 149.9 tons in the same period in 2018.
WGC attributed the growth to two factors: a higher number of auspicious wedding days when compared with Q2 2018 (37 versus 21) and local gold prices decreasing from the levels seen in February and March.
China’s gold jewelry market, meanwhile, saw its third consecutive quarter of year-over-year decline.
Demand in the second quarter dropped 4 percent to 137.8 tons, which, when combined with Q1’s relatively soft number, resulted in a 3 percent decline in H1 demand to 321.4 tons.
In other Asian markets, Q2 brought a mixed bag.
Relatively weak economic growth, political instability and stricter controls on high-value transactions contributed to jewelry demand in Thailand declining 12 percent to just 2.2 tons, its lowest for almost six years.
Meanwhile, despite a sharp rise in gold price, consumers in Indonesia bought 11.8 tons of jewelry in the second quarter, its highest quarterly rate since Q1 2015.
Europe saw “marginal” losses in Q2, with demand declining to 14.3 tons.
Modest improvements in France and Germany failed to match losses in the U.K. and Italy as Brexit concerns in the former and a slumping consumer confidence in the latter dragged the markets down.
Middle Eastern demand grew “fractionally,” with several markets across the region improving. Egypt led the region with an 8 percent uptick, its sixth consecutive quarter of
year-over-year growth amid continued improvement in its economy.
Overall demand for gold, for jewelry as well as other uses, totaled 1,123 tons in the second quarter, an 8 percent increase year-over-year.
Demand in the first half jumped to a three-year high of 2,181.7 tons, according to the World Gold Council, due largely to record-breaking central bank purchases.
Global mine production grew 2 percent year-over-year in Q2, reaching 882.6 tons. This is a record level of global output for a second quarter, WGC said, and follows a Q1 record of 847.5 tons.
Total H1 mine production now stands at 1,730.2 tons, 1 percent higher than the prior-year period.
Recycled gold supply totaled 314.6 tons in Q2, a 9 percent year-over-year increase; higher gold prices encouraged a “wave of selling,” according to the WGC.
In H1, recycled gold totaled 602 tons, 7 percent higher than the same period in 2018 and the highest first half since 2016.
Overall demand for gold, for jewelry as well as other uses, totaled 1,123 tons in the second quarter, an 8 percent increase year-over-year.
Demand in the first half jumped to a three-year high of 2,181.7 tons, according to the World Gold Council, due largely to record-breaking central bank purchases.
Global mine production grew 2 percent year-over-year in Q2, reaching 882.6 tons. This is a record level of global output for a second quarter, WGC said, and follows a Q1 record of 847.5 tons.
Total H1 mine production now stands at 1,730.2 tons, 1 percent higher than the prior-year period.
Recycled gold supply totaled 314.6 tons in Q2, a 9 percent year-over-year increase; higher gold prices encouraged a “wave of selling,” according to the WGC.
In H1, recycled gold totaled 602 tons, 7 percent higher than the same period in 2018 and the highest first half since 2016.
The Latest
GradingApr 02, 2026
GIA Debuts New Campus in TaiwanIt is the only GIA school to offer the GIA Graduate Gemologist program in Chinese.
MajorsApr 02, 2026
Hoover & Strong Names New National Sales RepresentativeThe wholesale manufacturer and precious metals refiner has appointed Michael Angelo as its new national sales representative.
Brought to you by
Protect Your Customers and Your BusinessYou deserve to know what you are selling–to protect your customers as well as your business and your reputation.
MajorsApr 01, 2026
Foundrae Sues Pandora for Allegedly Copying Its Medallion DesignsFoundrae also accused the jewelry giant of copying its mood board style of marketing.
Weekly QuizMar 26, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsApr 01, 2026
John Jacob Astor IV’s Titanic Pocket Watch Heads to AuctionA Patek Philippe for Tiffany & Co. timepiece owned by the American businessman who died on the Titanic will be offered at Freeman's Chicago.
SurveysApr 01, 2026
Consumers’ Outlook Improves Again in MarchThe Conference Board’s Consumer Confidence Index edged up, with optimism about the present outweighing worries about the future.
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
IndependentsApr 01, 2026
Zachary’s Jewelers’ Constance Polamalu to Release Children’s BookThe retailer’s Zach Bear gift comes to life in “Zach Bear and the Window Necklace,” which centers on curiosity, bravery, and helping.
Events & AwardsApr 01, 2026
AGA Opens 2026 Gemological Scholarship, Research Grant ApplicationsApplications are open for the AGA Gemological Scholarship Program through May 15, and until June 2027 for the Gemological Research Grant.
ColumnistsMar 31, 2026
Q1 Clues That Reveal Where Your Jewelry Store’s Sales Are Heading These customer behavior patterns say a lot about how successful your jewelry store is going to be this year, Emmanuel Raheb writes.
CollectionsMar 31, 2026
Mejuri Adds Silver to ‘Puzzle’ CollectionMejuri’s popular collection of 18-karat yellow gold vermeil rings debuted in sterling silver alongside new “Puzzle” slider charms.
CollectionsMar 31, 2026
Buddha Mama, Ashley Longshore to Host Pop-Up in DallasThe Miami-based jewelry brand and the NYC-based artist will be in Dallas from April 9-11.
SourcingMar 31, 2026
NDC Designates April 8 as 'World Diamond Day'The initiative invites those in the industry to share stories on social media highlighting the meaning and impact of natural diamonds.
SourcingMar 31, 2026
GIA VP Jillian Wolk to Take Over at Tracr Wolk’s first day on the job as CEO of Tracr, De Beers Group’s blockchain platform, will be May 1.
EditorsMar 30, 2026
Tom Moses Looks Back on His Decades at GIA Moses, who will leave the lab in May after nearly 50 years, discusses his start in the business, gemstones that stand out, and what’s next.
TrendsMar 30, 2026
Oscar Heyman Debuts First Spring CatalogThe new catalog, which showcases 35 one-of-a-kind pieces of jewelry, is a compliment to the company’s popular holiday catalog.
SourcingMar 30, 2026
Rio Tinto Hauls Last Load from DiavikProduction has ceased at the Canadian diamond mine, which has yielded more than 150 million carats of rough diamonds in its 23-year run.
MajorsMar 30, 2026
Tanishq Opens First New England LocationThe store opening marks the 10th United States location for the India-based jewelry retailer.
MajorsMar 27, 2026
Saks Global Has Changed Its Mind About Closing These 3 StoresTwo Saks Fifth Avenue locations, one in Florida and one in California, and one Neiman Marcus store are off the chopping block.
IndependentsMar 27, 2026
Jimmy West, Longtime LJG Executive Director, Dies at 72West, who started in the art department at the Leading Jewelers Guild in 1979, is remembered for his patience, kindness, and dedication.
CollectionsMar 27, 2026
Itä’s ‘Yarí Whirl’ Ring Tells Every Side of the StoryIn the “Tesoro” version of the ring, our Piece of the Week, each side of the gold hexagonal nugget has a unique colored gemstone design.
WatchesMar 26, 2026
Q&A: Citizen Watch America President Jeffrey Cohen on Eco-Drive’s 50th AnniversaryCohen discusses the evolution of Citizen’s light-powered technology, the brand’s cross-generational appeal, and tariffs.
IndependentsMar 26, 2026
Peter Smith Pens Book on Human Behavior in Sales“Essentially Human: On Sales and Salespeople" reveals the underlying human traits and behaviors of the most successful sales professionals.
CollectionsMar 26, 2026
Lionheart Celebrates 13 Years of ‘Cassandane’The collection features symbols of love, luck, and light, based on the story of Queen Cassandane and Cyrus the Great of Persia.
Events & AwardsMar 26, 2026
NAJA, Instappraise Introduce New ScholarshipIt’s the third scholarship to be launched as part of the partnership to help appraisers advance their professional credentials.
Events & AwardsMar 26, 2026
JA Still Accepting Entries for 2026 CASE AwardsThe deadline for entries in the jewelry design competition has been extended to April 3.
