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CIBJO SPECIAL REPORT-PRECIOUS METALS

While gold retains its investment edge, other metals drive industrial and jewellery demand

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The global economy displayed resilience in 2024, expanding by 3.2 percent despite persistent inflation, geopolitical instability, and uneven regional performance. The IMF projects continued steady growth at 3.3 percent in 2025, with inflation moderating to 4.2 percent. The United States held robust growth at 2.8 percent, while China’s 4.7 percent fell short of expectations due to weak consumption. In this context of uncertainty, precious metals — especially gold — reaffirmed their role as both financial safe havens and critical industrial resources.

Gold

Gold marked a landmark year in 2024, averaging a record USD 2,386/oz, with peaks above USD 2,600. Driven by central bank purchases, geopolitical risks, and investor demand, prices soared further in early 2025, surpassing USD 3,500. Supply rose modestly due to increased mine production and recycling, while demand surged from central banks, retail investment in Asia, and industrial applications, though jewellery consumption fell sharply under record-high prices.

Platinum

Platinum, though range-bound for much of 2024, showed resilience with stable demand across jewellery and green technologies, and surged in 2025, surpassing USD 1,400. Supply increased slightly, while jewellery fabrication in India, Japan, and China rebounded strongly, aided by platinum’s price advantage over gold. Platinum’s role in hydrogen energy and clean technologies further reinforced its ESG profile.

Palladium

Palladium remained pressured, with 2024 prices averaging USD 983/oz, down 27 percent, weighed by declining automotive demand and substitution by platinum. Supply increased marginally but is expected to contract in 2025, while demand challenges persist.

Silver

Silver, meanwhile, saw renewed investor interest, averaging its strongest performance since 2012 with prices climbing to USD 32/oz by late 2024. Supply grew slightly, led by recycling, while industrial demand — particularly photovoltaics and electronics linked to AI and EVs — surged. Jewellery and silverware demand was mixed, with India leading recovery while Western markets weakened.

ESG

Across precious metals, ESG principles gained prominence. Gold, platinum, and silver advanced responsible sourcing, traceability, and sustainability-linked practices. Blockchain-enabled tracking, decarbonization commitments, and alignment with international standards underscored the industry’s pivot to ethical and sustainable operations.

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All That Glitters: The Jewellery Moments Everyone Talked About at the 2026 Golden Globes

From archival diamonds to playful brooches, Hollywood’s biggest night sparkled with fearless jewellery statements

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The 2026 Golden Globes didn’t just celebrate cinematic brilliance—it redefined red-carpet glamour. Set against a newly designed red carpet at the Beverly Hills Hotel, the evening shimmered beneath four magnificent Swarovski crystal chandeliers, casting a radiant glow on Hollywood’s finest. But the true spectacle lay in the extraordinary jewellery moments that unfolded as stars stepped into the spotlight.

Teyana Taylor delivered one of the night’s most talked-about looks, pairing her Best Supporting Actress win for One Battle After Another with striking 1940s Tiffany & Co. earrings. The archival diamonds perfectly offset the playful audacity of her custom Schiaparelli gown, proving once again that classic jewels and modern fashion can collide spectacularly.

Zoë Kravitz championed the romantic return of the hair pin, wearing a bespoke creation by Jessica McCormack that felt both intimate and effortlessly chic. Meanwhile, Charli xcx leaned fully into Old Hollywood glamour, completing her custom Saint Laurent ensemble with cascading De Beers diamond strands that echoed timeless screen sirens.

Men’s jewellery continued its powerful rise on the Golden Globes carpet. Colman Domingo stood out with an elegant suite of Boucheron diamonds, styled as ivy-like tendrils flowing over his custom black Valentino tuxedo—an artful blend of couture and craftsmanship. Paul Mescal reaffirmed his love for refined accessories with a Cartier tie pin, while Connor Storrie brought playful elegance with Tiffany & Co.’s iconic Bird on a Rock brooch.

One of the most imaginative jewellery moments belonged to Wicked director Jon M. Chu, who wore two beaded figurative brooches depicting his co-stars and fellow nominees Ariana Grande and Cynthia Erivo. Designed by Italy-based embroidery artist Nerd Bead—discovered by Chu on Instagram—the pieces added personality, storytelling and warmth to the red carpet.

Elsewhere, Emily Blunt sparkled in Tiffany & Co., Priyanka Chopra Jonas turned heads in Bulgari, Hailee Steinfeld chose the architectural elegance of Repossi, Claire Danes glowed in Pomellato, Natasha Lyonne dazzled in Chopard, Jennifer Lawrence opted for Swarovski, and Timothée Chalamet continued his refined jewellery streak with Cartier.

At the 2026 Golden Globes, jewellery wasn’t merely an accessory—it was a statement of individuality, creativity and evolving red-carpet expression. From archival diamonds to bold brooches, the night served as a brilliant reminder that fine jewellery remains one of Hollywood’s most powerful storytelling tools

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