International News
A new collection to celebrate ruby month- Arayian x Gemfields
Ruby is the fiery birthstone for the month of July – and to mark the arrival of this sultry summer month comes a new collaboration featuring gems from Gemfields’ ruby mine in Mozambique.



The Arayian Jewellery x Gemfields capsule collection harnesses the allure and talismanic properties of Mozambican rubies in an array of designs, from elegant dangling ‘chandelier’ earrings to diamond-encrusted ruby rings, classic bracelets, and rich statement necklaces.



Renowned for its bold use of coloured gemstones and red-carpet-worthy designs, Arayian’s pieces are a perfect showcase for rubies from Montepuez Ruby Mining, located on one of the world’s most significant ruby deposits and majority-owned by Gemfields, a world-leading responsible miner and marketer of coloured gemstones. Though the deposit was only discovered in 2009, Montepuez has been the source of some of the most exquisite gems the world has ever seen, putting Mozambique firmly on the map when it comes to rubies.



Arayian is renowned for working with some of the finest coloured gemstones from selected suppliers, and then expertly cutting these and managing the entire process in-house, from sourcing to creation, to ensure the most exceptional quality. The new collection features refined, timeless designs, created by Arayian’s team of master artisans to highlight the natural beauty of each gemstone, with subtle modern elements woven into classic forms, resulting in pieces that feel current yet enduring: worthy of being passed down generations.
Arayian shares Gemfields’ passion for responsible practices, making it an ideal brand partner. Gemfields strives to operate with transparency, legitimacy and integrity at every stage of the mining process, ensuring that profits from sales of its coloured gemstones – rubies from Mozambique and emeralds from the Kagem mine in Zambia – bring tangible benefit back to their countries of origin, positively impacting communities.

“Each piece from the Arayian Jewellery x Gemfields collection features responsibly mined Mozambican rubies, chosen for their vivid colour and unique character,” says Elena Basaglia, Gemfields’ Head of Partnerships and Product – Downstream. “Gemfields takes great pride in seeing these gems showcased in striking designs that capture the glamour of the red carpet and the strength of the women who wear them,” adds Basaglia. Gemfields is delighted to see these treasures from Mozambique shining brightly in this exciting new collection – perfectly timed for ruby month, a high point of the year! The Arayian Jewellery x Gemfields ruby collection ranges from USD 7,500 to USD 150,000 and is available from 1 July 2025 on Arayian.com
International News
Global Bullion Markets Experience Downturn As US Fed Keeps Interest Rates Unchanged
Market Analysts Anticipate Continued Volatility In Precious Metals As Traders Digest The Fed’s Stance On Monetary Policy and Its Implications For Future Rate Trajectories
Global bullion markets experienced a downturn on Thursday as spot gold and silver prices each fell by nearly 1% following the U.S. Federal Reserve’s overnight decision to keep key interest rates unchanged. Domestic gold and silver prices in India are expected to reflect this global weakness throughout today’s trading session.
| Parameter | Details |
| Gold (MCX) Futures | ~₹1,43,600.00 – ₹1,43,724.00 per 10 grams |
| Silver (MCX) Futures | ~₹1,94,450.00 per kg |
| Key Contract Benchmark | December 2026 Gold Futures are hovering near ₹1,42,324 – ₹1,43,700 levels. |
| Spot Gold | Down ~1%, struggling around $4,044/oz. |
| Spot Silver | Down ~1%, trading below $53.50/oz. |
| U.S. Fed Policy Rate | Unchanged at 3.75% – 4.00%. |
In international markets, spot gold tumbled nearly 1% to trade near $4,044 per ounce, while spot silver dropped 1% to fall below $53.50 per ounce.
The market reaction follows the latest Federal Open Market Committee (FOMC) meeting, where policymakers voted to maintain the target range for the federal funds rate at 3.75% to 4.00% (3-3/4 to 4 percent).
In an official statement, the FOMC reaffirmed its commitment to supporting its dual mandate of maximum employment and price stability while continuing its policy of maintaining ample reserves within the banking system.
Market analysts anticipate continued volatility in precious metals as traders digest the Fed’s stance on monetary policy and its implications for future rate trajectories.
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