Covid-19 impacts on platinum industry in second quarter, but signs of recovery on the horizon

Covid-19’s economic impact on platinum supply and demand during the second quarter of the year has been severe, but Platinum Guild International’s (PGI’s) latest ‘Platinum Jewellery Business Review’ indicates that there are signs of recovery in the sector. For China specifically, a decline in jewellery sales eased in the second quarter amid a cautiously optimistic consumption sentiment, after lockdown measures were lifted in most cities.