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World and Gold

Among other things, the COVID-19 pandemic has also had an impact on the world's precious metals market. 
Due to the crisis caused by the spread of the virus across the planet, in the last few months alone the countries' central banks sold more gold than they acquired. Such a situation was observed in the world for the first time since 2010 and gold producing countries are trying to soften the blow from quarantine measures. 
A report from the World Gold Council indicates that the volumes of net sales in the third quarter of this year amounted to 12.1 tonnes of gold bars. However, a year ago the world's central banks bought 141.9 tons of the precious metal. 
According to the World Gold Council, the most active sellers of their gold reserves were Uzbekistan which sold 35 tons of gold and Turkey with 22 tons of the precious metal sold. It is noteworthy that the Russian Federation also sold its first bars after having been purchasing for 13 years and their weight amounted to 1.2 tons. 
The coronavirus has also affected the luxury life trends among the world's powerful people. For example, Israeli jewelers have order-made the most expensive protective mask on the planet using 18-carat white gold inlaid with diamonds. At the same time, that unique and precious medical mask has the highest level of protection, since the product is equipped with top quality filters. 
The cost of the product is estimated at about 1,500,000 US dollars, and the mask's 18-karat white gold is inlaid with 3,600 black and white diamonds. 
The total weight of the face mask is 240 grams which is 100 times more than the weight of a standard medical mask. 
According to rumors, the customer for that unique device, a Chinese businessman living in the United States, put forward the him requirement for a guarantee that "the jewelry masterpiece has to be ready by the end of 2020 and must become the most expensive among such products in the world."


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