International News
GET-Diamonds to Launch World’s First Blockchain-Based Digital Diamond Certificate at JCK Las Vegas
In a move poised to revolutionize the diamond industry, GET-Diamonds.com, in partnership with digital identity firm YourProof.id, will unveil the world’s first blockchain-based Digital Diamond Certificate (DDC) at the JCK Jewelry Show in Las Vegas on 6 June 2025.
This innovative certificate links a diamond’s grading report to a tamper-proof blockchain record, accessible through a secure digital wallet. Unlike traditional paper certificates, which are often lost or forgotten, the DDC is a verifiable digital asset — portable, secure, and impossible to misplace.
“About 80% of diamond buyers lose their certificates within months,” said Tim Goodman, CEO of GET-Diamonds and YourProof.id. “With YourProof.id, the certificate becomes part of the diamond’s story — safely stored, shareable, and rich in value.”
Beyond authentication, the DDC offers personalization features: retailers can embed branded content, educational videos, promotions, or even heartfelt messages — creating a digital experience for every diamond.
Built on Ethereum smart contracts and fully compliant with KYC/AML and GDPR standards, the DDC not only boosts trust and transparency but also helps safeguard brand value across the supply chain.
The innovation will also be highlighted at the WFDB Presidents’ Meeting in New York on 10–11 June, where dignitaries including Botswana President Duma Boko and U.S. Secretary of Commerce Howard Lutnick are expected to attend.
Available to WFDB and GET platform members starting at $25 per certificate, the DDC will soon integrate traceability data from Sarine, a leader in diamond tech.
Goodman concluded: “We’re setting a new global standard. Retailers will receive diamonds already certified with a DDC and can instantly transfer the certificate to their customer’s wallet at the point of sale. And if they don’t have a wallet? It only takes a minute to set one up — in-store or online.”
- Following confirmation of the US economic downturn by ISM and ADP statistics, gold has recovered from its low. According to US economic data, the economy is cooling, which may call for the Fed to take additional action.
- Business activity in the services sector shrank for the first time in over a year, according to data from the Institute for Supply Management. According to the ADP National Employment Change data, private hiring in the nation also experienced a significant slowdown in May.
- Regarding trade, worries about growing hostilities between the US and important trading partners remained after Trump increased steel and aluminium tariffs and said that negotiating with Chinese President Xi Jinping was especially challenging.
- Markets await Jobless Claims and NFP for additional policy guidance as Fed officials continue to be hesitant about lowering rates.
Technical Triggers
- Gold prices have broken the range of $3275(~Rs 95000) and $3375(~Rs 96400) on the upside. If this positive momentum continues, we are likely to see the price rise towards $3450 (~Rs 99000).
- Silver prices have broken the one-month range of $32.5(~Rs 96000) and $34(~Rs 99000), next resistance is $35 (~Rs 101,500).
Support and Resistance
| Metal | Region | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3275/oz | $3450/oz |
| Indian | ₹95,000/10 gm | ₹99,000/10 gm | |
| Silver | International | $32.5/oz | $35/oz |
| Indian | ₹96,000/kg | ₹1,01,500/kg |
Signet Jewelers reported a 2% year-over-year increase in revenue to $1.54 billion for the first fiscal quarter ending May 3, signaling early success from a new strategic direction under CEO J.K. Symancyk. Same-store sales — those from locations open at least a year — rose 2.5%, reflecting steady consumer demand. However, net profit dropped 36% to $33.5 million, highlighting ongoing cost and margin pressures.
Symancyk, who took the helm earlier this year, launched a new initiative in March called “Grow Brand Love,” aimed at reinvigorating the company’s most recognized brands — Kay Jewelers, Zales, and Jared — while expanding the retailer’s presence in fashion and everyday jewelry.
“We’re seeing the early benefits of our strategy, with consistent monthly growth in same-store sales throughout the quarter and into May,” Symancyk said. The company also refined its product lineup at strategic price points and continued updating its merchandise assortment, contributing to stronger performance from its core brands.
All three flagship banners — Kay, Zales, and Jared — reported improved same-store sales and margins compared to the previous quarter. The company’s internal restructuring, designed to streamline operations, is now nearly complete.
Boosted by early momentum, Signet raised the lower end of its full-year sales forecast to between $6.57 billion and $6.8 billion, up from the previous range of $6.53 billion to $6.8 billion. Investors responded positively, with shares surging 14% in premarket trading on Tuesday.
International News
Precious Metals surges on mounting geopolitical and trade tensions AUGMONT BULLION REPORT
- Investors’ reactions to rising trade and geopolitical tensions caused gold to jump nearly 3% and silver to rise 5%. To further sour relations with trading partners, US President Donald Trump threatened to double tariffs on steel and aluminium from 25% to 50% beginning Wednesday.
- At the same time, tensions between Beijing and Washington grew as Trump accused China of breaking a trade agreement with the US. China responded with accusations of its own, further escalating trade uncertainty worldwide. According to the White House, President Trump and Chinese President Xi Jinping are expected to meet later this week, and markets are now anticipating their possible meeting.
- In the meantime, a Ukrainian drone strike that allegedly destroyed more than 40 Russian aircraft sparked a barrage of missile and drone attacks from Moscow, intensifying the war between Russia and Ukraine. Monday’s negotiations in Istanbul concluded after the two parties met for just over an hour without moving much forward toward a deal.
Technical Triggers
- Gold prices have broken the range of $3275(~Rs 95000) and $3375(~Rs 96400) on the upside. If this positive momentum continues, we are likely to see the price rise towards $3450 (~Rs 99000).
- Silver prices ahave broken the one month range of $32.5(~Rs 96000) and $34(~Rs 99000), next resistance is $35 (~Rs 101,500).
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3275/oz | $3450/oz |
| Indian | ₹95,000/10 gm | ₹99,000/10 gm | |
| Silver | International | $32.5/oz | $35/oz |
| Indian | ₹96,000/kg | ₹1,01,500/kg |
-
BrandBuzz2 months agoMia by Tanishq Unveils ‘Fiora’ Collection This Akshaya Tritiya: A Celebration of Nature’s Blossoms and New Beginnings
-
GlamBuzz3 weeks agoGokulam Signature Jewels Debuts in Hyderabad with Glamorous Launch at KPHB
-
National News3 weeks agoEmmadi Silver Jewellery Launches First Karnataka Store with Grand Opening in Bengaluru’s Malleshwaram
-
DiamondBuzz3 weeks agoDe Beers CEO: confident the US will exempt diamonds from reciprocal tariffs