India and China account for 55 percent of total gold jewelry demand, WGC said.
FORBES: Gold Jewelry Demand Falls in 2011 Due to its High Price
It also said the demand for gold jewelry in China rose 21% in the same period.
The WGC defined the year for gold jewelry demand as a tale of two halves.
FORBES: Gold Jewelry Demand Falls in 2011 Due to its High Price
Yet, over the same period, the demand for gold jewelry rose by only 8%.
Gold jewelry accounted for over 500 tons and the investment market demand reached 366 tons.
Demand in Russia (the fourth largest gold jewelry market) increase for the second straight year.
FORBES: India Leads Late Surge In 2012 Global Gold Jewelry Demand
She has two Mercedes she never drives and about 14 pounds of gold jewelry.
Klapwijk went on to say that gold jewelry demand will not be negatively affected by the higher prices.
Hong Kong residents, for instance, buy nine times as much gold jewelry (by fine weight) as their mainland cousins.
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Read more about gold jewelry demand on my Jewelry News Network blog.
Major gold consumers China and India saw their citizens snapping up gold jewelry and bars as prices reached two-year lows.
She said she has been roaming department stores checking the price of gold jewelry and surfing online to compare prices.
The WGC sees domestic demand for gold jewelry and investment driving 20 percent growth in Chinese gold demand during 2012.
Lamb said gold jewelry is in a fascinating period and he concentrated on the differences in the East and West markets.
Indian gold jewelry was hoarded while retail lenders offered credit to accumulators of silver, which was expected to move jointly with gold.
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Others are designing lighter-weight gold jewelry by incorporating space into their designs.
China accounted for 30 percent of all demand for the period, making it the largest gold jewelry market for the third consecutive quarter.
In Italy, a major gold jewelry manufacturing center, fourth quarter gold jewelry demand dropped 17 percent to 14.8 tons (up 3 percent in value).
FORBES: Gold Jewelry Demand Falls in 2011 Due to its High Price
Italy, which has one of the largest gold jewelry manufacturing centers in the world, saw demand by tonnage decline by 15 percent in 2012.
FORBES: India Leads Late Surge In 2012 Global Gold Jewelry Demand
The collection begins in an age long before the Pyramids-long before much of anything, one would have thought-with astonishingly accomplished gold jewelry from the 3rd millennium B.
Indian consumers have less disposable cash to splurge on gold jewelry for now as weak economic growth has dried up liquidity in the financial system.
Further, this is a period of slower seasonal demand for gold jewelry, before this picks up in the second half of the summer, Winmill explained.
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When Lillehei was lucky, his gold jewelry, Jaguar XKE and late nights in jazz dives did little more than provoke the envy and outrage of his peers.
Gold jewelry tends to be purchased in developed nations as a quality fashion item, but there is less of a cultural tradition than in say India, Sanchez said.
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Gifting gold jewelry during weddings is a tradition in India.
She bought herself clothes, even small bits of gold jewelry.
Azhar Sheikh Azhar, a 32-year-old farmer with an eight-acre property in Dahegaon Village, India, canceled plans for a lavish wedding with gifts of gold jewelry for his niece this year.
Since tradition demands a bride practically drip with gold jewelry, it's never too early for an Indian family to start preparing, particularly with the high cost of gold these days.
Egypt surprisingly saw a 35 percent increase in gold jewelry demand by volume but the WGC noted that it was still far below levels prior to the 2011 political uprising.
FORBES: India Leads Late Surge In 2012 Global Gold Jewelry Demand
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