Silver Institute Releases Global Jewelry Report

    WASHINGTON, March 29 /CNW/ - The Silver Institute today released a
comprehensive report on trends in the global silver jewelry market. The report
was prepared, on behalf of the Silver Institute, by GFMS, Ltd., the
London-based precious metals consultancy. GFMS Ltd also produces the annual
World Silver Survey for the Silver Institute, a role they have undertaken
since 1994, and it is the report of record for the silver industry.

    Two of the key areas of silver fabrication demand are jewelry and
silverware. Since its inception, the World Silver Survey has featured jewelry
and silverware as a combined total in the main country-by-country tables. In
the report issued today, entitled, Silver Jewelry Report, global statistical
series have been produced that separate jewelry and silverware for the first
time as well as a detailed review of the country-by-country data.

    The report features a 10-year global series for jewelry and silverware,
as well as a detailed qualitative analysis of the silver jewelry market. In
addition, the report also examines the following key areas:

    --  A review of trends in silver jewelry fabrication, both at the
regional level as well as focusing on countries with manufacturing volumes
exceeding one million ounces, including China, India, Italy and the United
States. The analysis brings out the main trends, specific to each market that
have impacted silver fabrication over the past decade;

    --  Separate data on the leading silver jewelry consuming nations is
provided in this report, including country-by-country data for the 10 largest
consuming countries for the 2000 to 2005 period;

    --  Jewelry consumption, and in particular, competition for silver
jewelry. The review is not limited to competition from white or yellow gold
but extends to other materials, both precious and non-precious;

    --  The global trade in silver jewelry, focusing on the top five
importing and exporting nations; and

    --  The impact of trends in the silver price, economic developments and
the effect of changing fashion on consumption.

    This Silver Jewelry Report makes an important contribution to the
transparency and understanding of this fascinating area of the silver market.
A copy of this report, may be downloaded from the Silver Institute's home

    A Chinese and Spanish translation of the Report's Executive Summary is
also available on the Institute's homepage.

    Founded in 1971, the Silver Institute is an international industry
association. Its members include the leading silver producers, refiners,
manufacturers and silver bullion dealers.

For further information:

For further information: The Silver Institute Michael DiRienzo,
202-835-0185 or Philip Klapwijk (GFMS), 44 7803 232531

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