jewelry user country

The highest jewelry user country

• China

China is at the top of buying and selling gold jewelery. A total of 12.3 metric tons of gold jewelry are available to the citizens of this country. According to data from US management firm McKinsey & Company, China will occupy about 8 percent of the global luxury market by 2021.

• India

The country has around 1.2 metric tons of gold jewelery. Gold was donated to various temples in southern India. At the Deepabali festival Dhanteras also is buying gold jewelry. In India, there is a tradition of wearing gold jewelry at weddings.

 

• United States

There is also a huge demand for gold jewelry among US citizens. A total of 1.2 metric tons of gold jewelry is available to US citizens.

• United Arab Emirates

There are 4 gold jewelry stores in Dubai alone. There are 1.2 metric tons of gold jewelry available to the citizens of the UAE. According to a study by Italy's Trade Commission, the demand for gold in the UAE is increasing.

• Iran

According to the World Gold Council, the demand for gold in Iran has increased by 25 percent in the last four years. Iran has a total of 1.5 metric tons of jewelry.

• Turkey

The citizens of Turkey have 1.7 metric tons of gold. After the creation of a metal market in this country, demand was created among the citizens. Most of the gold is deposited in the central bank of the country.

• Saudi Arabia

The citizens of Saudi Arabia have 1.5 metric tons of gold jewelry. Jewelry is more preferred to them than gold butts.

• Indonesia

Indonesia has one of the world's largest gold mines. Citizens of the country have 1.2 metric tons of gold.

• Russia

In the last few years, jewelry made of yellow metal has not been low in the Russian Central Bank. Russia's citizens had 1.2 metric tons of gold in 20 years.

• Egypt

Gold ornaments are also believed to have been found on a map made by the papyrus dating back to 400 BC. To the citizens of Egypt, all together 26.5 metric tons of gold.

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