International News
Amazon’s Prime Day sets a new milestone with an impressive $24.1 billion in sale
Amazon’s annual Prime Day has once again surpassed expectations, setting a new milestone with an impressive $24.1 billion in sales.
Running from July 8 to 11, this year’s event stretched over four days—double the duration of 2024’s two-day sale—likely fueling the surge in revenue. According to data released by Adobe, online sales in the US during this period rose by an extraordinary 30% year on year and more than doubled the online revenue achieved during last year’s Black Friday, which stood at $10.8 billion.
The extended sale did more than just boost general shopping—it had a pronounced effect on seasonal demand, particularly for back-to-school items. This category witnessed an astounding 175% increase, as families seized the opportunity to stock up ahead of the upcoming academic year.
A notable trend during this Prime Day was the shift in consumer preferences toward higher-priced products. Shoppers, enticed by strong discounts, opted to “trade up” across multiple categories. The share of the most expensive appliances sold grew by 36%, furniture by 28%, and apparel—including jewelry and accessories—by 11%. Across all categories tracked by Adobe, the proportion of premium goods purchased increased by 20%, highlighting consumers’ willingness to invest in higher-ticket items when incentivized by substantial savings.
International News
Sky Gold & Diamonds Ltd. Unveils Sky Souk Office & Experience Centre in Dubai
In a landmark moment for the Indian jewellery industry’s expanding global footprint, Sky Gold & Diamonds Ltd. proudly inaugurated its state-of-the-art Sky Souk Office & Experience Centre at Experience Centre Experience Centre , Dubai Gold Souk Extension.
The inauguration was conducted by Tamjid Abdullah, Joint Managing Director, Jawhara Jewellery, and attended by eminent industry leaders including John Paul Alukkas, Managing Director, Joyalukkas Jewellery – International Operations; K.P. Abdul Salam, Vice Chairman, Malabar Group; and Rajesh Jain, Partner, Siroya Jewellers LLC.



Adding to the momentous occasion were Darshan Chauhan, Mahendra Chauhan, and Akash Talesara, President, Sky Gold & Diamonds Ltd., along with the entire Sky Gold & Diamonds team.
This milestone underscores the brand’s commitment to blending Indian craftsmanship with global luxury sensibilities, positioning Sky Souk as a hub for innovation, artistry, and strategic B2B collaboration within Dubai’s dynamic jewellery landscape.
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