US Silver Jewelry Imports +11% in H1 2015

(IDEX Online News) – Demand for silver jewelry rose in the US in the first half of 2015, reflected by an 11 percent increase in silver jewelry imports through the end of May, according to the Silver Institute.   

The US is the largest importer of silver jewelry, as measured in dollar terms. US imports from Thailand rose 18.5 percent through the end of May, with imports from China increasing by 14 percent in the same period.

Precious metals consultancy GFMS Thomson Reuters (GFMS) estimates that globally silver jewelry will grow 5 percent in 2015.

“Hopefully this spike in demand will continue for the remainder of the year,” said Mitchell J. Krebs, president and CEO of Coeur Mining, Inc. and president of the Silver Institute.

“Silver is a remarkable metal. For millions it is an investment, for others timeless jewelry and, at the same time, an indispensable part of industry and technology.”