International News
Chow Tai Fook to Launch 100% Recycled Gold Jewelry Collections in 2025 as Part of Sustainability Commitment
Chow Tai Fook Jewellery Group, based in Hong Kong, is set to unveil its first collection of 100% recycled gold jewellery in 2025, aligning with its ambitious Sustainability 2049 strategy. The initiative is part of the company’s broader commitment to reducing its environmental footprint, with goals to achieve net-zero emissions by 2049 and reduce overall emissions by 50% by 2030.
The Sustainability 2049 blueprint focuses on three main pillars: environment, people, and industry. A key component of the strategy is the increased use of recycled metals in its product offerings. This move positions Chow Tai Fook as the first Chinese jewellery brand to introduce products made entirely from recycled gold, aiming to set new industry standards.
In addition to reducing its reliance on newly mined precious metals, the company will work closely with international and local industry bodies to establish new standards for recycled gold jewellery. Furthermore, Chow Tai Fook is committed to achieving 100% traceability for its T·MARK diamonds by 2029, with an eventual goal of tracing them back to the mine of origin.
Chow Tai Fook’s dedication to sustainability is further demonstrated by its inclusion in the Dow Jones Sustainability Asia Pacific Index and the S&P Global Sustainability Yearbook (China Edition) for two consecutive years.
International News
MCX silver prices rally amid escalating US-Venezuela tensions
Geopolitical Shock and Supply Fears Ignite Silver’s Sharp Rally Across Global and MCX Markets
Silver rates today on MCX opened with a big upside gap and touched an intraday high of Rs. 2,49,900 per kg, logging an intraday rise of around 13,500 against Friday’s close of Rs. 2,36,316 per kg. Silver saw a 6% gain internationally at $75.968 per ounce This surge reflects safe-haven demand and fears of supply disruptions.
Silver opened with an upside gap due to anticipated export hurdles from Peru, a top silver ore exporter ($477M in 2023). Recent trends show silver rising 30% monthly and 152% yearly, fueled by green energy demand and supply constraints. Experts predict COMEX silver could reach $78 per ounce before profit-booking\Support levels stand at $70–$68, with upside potential to $80 if tensions persist.
The crisis reached a dramatic peak last week when US forces launched a large-scale strike on Venezuela, resulting in the capture of President Nicolás Maduro and his wife, Cilia Flores. President Donald Trump announced the operation’s success on Truth Social, describing it as a joint military and law enforcement effort that swiftly removed the leaders from the country.
The raid followed months of mounting pressure, including prior strikes on alleged drug-trafficking vessels and a buildup of US forces in the region. Maduro, now in US custody and facing narco-terrorism charges, is expected in a New York court soon, while Venezuela’s vice president has assumed interim leadership amid ongoing uncertainty.
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