In 2018, supply in North America totalled 1,000 koz, comprised of a mining supply of 355,000 oz and a further 645,000 oz of platinum from recycling of mainly autocatalysts and jewellery in the US and elsewhere.
Total demand for platinum in the region was 1,090 koz in 2018, of which 28 per cent, or 305 koz, was attributable to jewellery. Jewellery demand in North America is forecast to rise by 5 per cent to 320 koz in 2019.
Recently, the US retail market for platinum jewellery has been buoyant, benefiting from the combined effects of a low platinum price and strong economy. Growth has come from the bridal sector, with a developing self-purchase market.