Jewellery consumption accounted for $12 billion, more than double the demand of four years ago, while industrial and dental consumption saw an increase of 1% in terms of quantity or 18% in value from the first quarter of 2006. China’s jewelry consumption of gold rose by 27% in quantity, or 44% in value, driven by strong demand during Chinese New Year in mid-February, the WGC said. Global gold supply remained tight during the quarter, falling 2% from already constrained supply in the first quarter of 2006, while prices remained stable. (english.people.com.cn)
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