The consensus stateside may be that diamonds are a girl’s best friend, but that’s not the case in the world’s largest gold market — China. The World Gold Council reported world jewelry demand was up slightly in Q1 2017, driven largely by India, where gold jewelry demand increased 16% year over year to 92.3 metric tons. Nonetheless, it’s China that remains the largest market. In the first quarter of 2017, China’s gold jewelry demand was 176.5 metric tons, while global demand for the same period was 480.9 metric tons. How does the United States rank? Despite the U.S.