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These 10 Countries Have the Biggest Appetite for Gold Jewelry (SLIDESHOW)

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For millennia, cultures across the globe have coveted gold jewelry for its brilliant yellow hue and imperviousness to rust and corrosion of any kind.

That same obsession survives today, especially in countries where it’s considered auspicious to give gold jewelry as a gift during birthdays, weddings and holidays. To many, gold jewelry is the ideal gift—not only is it beautiful and decorative, but it also holds its value well and can be passed down to future generations.

In the following slideshow, explore the top 10 countries with the biggest appetite for gold jewelry! All data is courtesy of the GFMS Gold Survey, the annual Thomson Reuters report on the global gold market, and reflects demand in tonnage for 2016.

 

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#10 Egypt
27.9 metric tons
As long ago as the 13th century BCE, ancient Egyptians were responsible for creating what’s believed to be the first topographic map, known today as the Turin Papyrus Map, which showed the locations of gold deposits and a gold-mining settlement. They revered gold so much, they referred to it as “the flesh of the gods.” Today’s Egyptians are still strongly attracted to the yellow metal.
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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.