Platinum retailers working towards recovery amid Covid-19

Manufacturers and retailers of platinum jewellery have begun working towards ensuring the recovery of the sector, as Covid-19 continues to heavily impact on the global economy, the Platinum Guild International’s (PGI’s) latest ‘Platinum Jewellery Business Review (PJBR)’ states. Published on June 12, the review notes that the Covid-19 crisis has caused China’s gross domestic product to sink to the lowest level since 1992 and that, against a backdrop of overall stagnant retail demand, platinum jewellery manufacturing outperformed that of gold, as some manufacturers stockpiled platinum at lower prices.