International News
Emerald and Diamond Pendant to Headline Phillips’ Geneva Jewellery Auction
A stunning emerald and diamond pendant featuring a 26.95-carat oval emerald is set to be the star attraction at Phillips’ upcoming Geneva Jewels: Online Auction on November 13, where it carries an estimated price of CHF 32,000 ($39,900).
The pendant is surrounded by 3.50 to 5.50 carats of diamonds, graded H to J in color and VS1 in clarity, making it one of the most anticipated pieces in the sale. The auction will feature 139 exquisite lots, including colored gemstones and creations from Cartier, Chanel, and Boucheron.

A ruby and diamond necklace showcasing approximately 22 carats of Burmese rubies and up to 9 carats of diamonds, valued at CHF 28,000 ($34,700).

A Chanel Camélia wristwatch featuring twin floral motifs with a 1.59-carat diamond and calibré-cut ruby petals, estimated at CHF 28,000($34,700).

This ring bears a 1.56-carat Colombian emerald, octagonal step-cut, in a surround of marquise-cut diamonds. It has an upper price of CHF 30,000 ($37,700).

A pair of Colombian emerald earrings weighing 5.11 and 5.17 carats each, accented with 8 carats of diamonds, carrying an upper estimate of CHF 26,000 ($32,700).
Phillips’ Geneva auction reaffirms the continued global demand for rare gemstones and heritage luxury designs, offering collectors an impressive blend of vintage elegance and modern craftsmanship.
International News
MCX Gold Higher On Ceasefire Hopes, Crude Oil Price Dip
Globally, A Softer US Dollar and Sliding Energy Prices Provided A Strong Tailwind For Precious Metals
Renewed expectations of a diplomatic resolution to Middle Eastern conflicts sent ripples through the commodities market on June 3. On the MCX, June gold futures rose 0.26% to Rs. 1,58,930 per 10 grams, while July silver futures saw a modest 0.07% bump to Rs. 2,63,150 per kg. Conversely, physical retail gold saw a marginal dip, with 24K gold landing at Rs. 1,56,110 per 10 grams in Mumbai and Kolkata, Rs. 1,56,260 in Delhi, and Rs. 1,57,970 in Chennai.
Globally, a softer US dollar and sliding energy prices provided a strong tailwind for precious metals on Thursday. Spot gold advanced 0.4% to $4,450.16 per ounce, while August futures settled at $4,477. In contrast, crude benchmarks trended downward as geopolitical risks premium eased; Brent crude fell 0.85% to $96.87 a barrel, and WTI dropped 0.95% to $95.11. Other precious metals also closed in positive territory, with spot silver, platinum, and palladium gaining 0.8%, 0.2%, and 0.5% respectively.
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