China’s total gold demand is projected to reach 1,000 tons in 2013. In order to support that demand, a gold vault, able to store up to 2,000 metric tons, opened this month in Shanghai. This is the largest vault built for Malca-Amit Global Ltd., a Hong Kong-based company. It could hold bullion worth about $82.5 […]
China’s Growing Diamond Market
Posted on October 1st, 2013 by Joe G
China is second in the diamond market to the United States, however it has more than tripled to $22.8 billion over the last five years. The reason? 13 million women get married in the country each year, and they are demanding more diamonds. Gold used to be the jewelry go-to for brides-to-be, but modern consumers […]