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wholesale jewelry A worrying sign for prices as Chinese buying was really the only thing supporting the market on sell offs last year. Prices in China typically rise at this time of year and trade at a premium to western prices ahead of the Lunar New Year holiday in February, which sees a large uptick in physical gold buying, particularly jewelry.The lack of demand is in line with data from the World Gold Council earlier this year that showed total global gold demand in the second quarter fell by 16% to 964 tonnes, as both consumers and investors pared their buying.Gold miners at risk of rating cut amid worst price slump in 4 yearsCanadian gold stocks crushed amid bad earnings sterling silver bracelets, bad pricesThe loss of demand from both India and China for jewelry gold has hurt gold prices throughout the year, as both previously helped offset the declining interest in gold from western investors.The World Gold Council noted that jewelry represented more than half of all demand at 510 tonnes in second the quarter.Gold prices in the west are now down 3% for the year, following a 28% decline last year that was the worst rout in more than three decades. The price for the precious metal has steadily declined since topping out above US$1,900 an ounce in 2011. wholesale jewelry
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