Recently Released Market Study: Luxury Jewellery and Timepieces in South Africa
South Africa saw highly volatile gold prices during the review period, which caused uncertainty among gold jewellery producers, retailers and consumers. South Africa was the world's largest producer of gold at the start of the review period in 2007 but dropped to fifth place by 2012, as production dropped due to the high cost of gold production. This decline in gold production made the country more vulnerable to global fluctuations in gold prices and indeed contributed to a rise in...
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