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Gold and Silver set for best annual gain since 1979 AUGMONT BULLION REPORT

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  • In 2025, gold has risen by 65% and silver by 150%, indicating a year of tremendous gains and positioning the precious metal for its best yearly performance in more than four decades.
  • Persistent geopolitical concerns, US interest rate decreases, sustained central bank purchases, and increased holdings in gold-backed ETFs all boosted gold prices. Silver achieved several milestones in 2025, thanks to its status as a vital US commodity, supply constraints, low stocks, and increased industrial and investment demand.
  • Meanwhile, the Federal Reserve’s December meeting minutes, released on Tuesday, showed that most officials believe more rate cuts are justified if inflation continues to decline, while they disagreed on the timing and extent of prospective reductions.
  • On the geopolitical front, uncertainties around a Russia-Ukraine peace accord, rising hostilities in the Middle East, and tensions between the United States and Venezuela are driving up demand for the safe-haven commodity.

Technical Triggers        

  • Gold prices are expected to consolidate in the range of $4320 (~Rs 134,000) and $4420 (~Rs 137,000) after this sharp rally and sell off this week.
  • Silver prices are expected to consolidate between $70 (~Rs 223,000) and $78 (~Rs 250,000), after the sharp rally and sell off this week.

Support and Resistance

MetalMarketSupport LevelResistance Level
GoldInternational$4300 / oz$4420 / oz
GoldIndia₹134,000 / 10 gm₹137,000 / 10 gm
SilverInternational$70 / oz$78 / oz
SilverIndia₹223,000 / kg₹250,000 / kg

Source: AUGMONT BULLION REPORT

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Signet The Biggest-Grossing Jeweller In North America By Far In 2025

Luxury Groups, Specialist Watch Retailers, and Branded Jewellery Players Are Steadily Gaining Ground Against Traditional Mass-Market and Department-Store Operators

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National Jeweler’s latest State of the Majors report highlights a shifting leaderboard among North America’s “$100M supersellers,” which grew from 36 to 37 qualifying retailers in 2025. While Signet Group comfortably defended its first-place crown—generating $6.36 billion across 2,329 stores—the rest of the top ten saw major disruption. Signet’s total watch and jewelry sales for the year were $6.36 billion according to the report and had 2,329 outlets. Second-placed Richemont, the Swiss luxury conglomerate, sold  $3.62 billion, with just 105 locations selling watches and jewlery.             

One of the report’s most notable developments was the rise of Richemont to the No. 2 position, overtaking several larger-format retailers. The Swiss luxury conglomerate, owner of prestigious maisons including Cartier and Van Cleef & Arpels, reported $3.62 billion in watch and jewellery sales through only 105 locations. The performance illustrates the outsized revenue-generating power of luxury retail, with Richemont achieving high productivity per store compared with mass-market competitors.

The reshuffling pushed Walmart down to fourth place, signaling a broader shift in consumer spending toward premium and luxury jewellery categories. Meanwhile, warehouse retailer Costco advanced to No. 5, continuing to strengthen its position in fine jewellery through value-led offerings and member-driven purchasing.

Jewellery brand Pandora also climbed one rank to secure the No. 7 spot, reflecting sustained demand for branded jewellery collections and accessible luxury products. In contrast, luxury powerhouse LVMH slipped to No. 6, while longstanding department store chain Macy’s moved down to eighth place, highlighting increased competitive pressures within traditional retail channels.

Another significant change came at the lower end of the top ten, where Watches of Switzerland Group entered the rankings at No. 10, marking growing momentum for specialist luxury watch retail in North America. Its entry displaced Bucherer to No. 11, emphasizing the increasingly competitive nature of premium watch distribution.

The report points to a broader transformation in North America’s jewellery retail hierarchy, where luxury groups, specialist watch retailers, and branded jewellery players are steadily gaining ground against traditional mass-market and department-store operators. While scale remains a decisive advantage—as demonstrated by Signet’s market leadership—the rankings suggest profitability and influence are increasingly being driven by premium positioning, brand equity, and high-value transactions rather than store count alone.

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