• Silver strikes a new high above $37 (~Rs 109,000) as investor tensions over the growing crisis between Israel and Iran boosted the market for safe-haven assets.
• Iran and Israel fired additional missile strikes at each other on Wednesday as the air war between the two old adversaries entered a sixth day despite a call from U.S. President Donald Trump for Iran’s unconditional surrender.
• Though consumer spending is currently underpinned by strong wage growth, U.S. retail sales fell more than anticipated in May due to a decline in motor vehicle purchases as the hurry to beat prospective tariff-related price spikes subsided.

Technical Triggers  

• Gold prices are consolidating around record-high levels in the range of $3360(~Rs 99000) and $3475(        (~Rs 101,000).
• Silver has crossed the $37 (~Rs 109,000) resistance. The next target is $38 (~Rs 112,000) if this positive momentum continues.

Support and Resistance

An extraordinary collection of over 350 Cartier jewels, many boasting significant royal provenance, is now on public display at London’s prestigious Victoria and Albert (V&A) Museum.

The exhibition, titled “Cartier: Crafting the Exceptional,” offers an unprecedented look at the legendary jeweler’s artistry. Running until November 16th, this marks the first major Cartier showcase in the United Kingdom in almost three decades, drawing immense interest from jewelry enthusiasts and history buffs alike.

Among the exhibition’s captivating displays is the Manchester Tiara, an exquisite piece crafted by Cartier in 1903 for Consuelo, Dowager Duchess of Manchester. This stunning tiara boasts over 400 rose-cut diamonds and draws inspiration from elegant 18th-century French design.

Visitors can also admire a remarkable selection of Tutti Frutti jewels from the 1920s, celebrated for their vibrant, colorful gemstones and groundbreaking designs.

The exhibition itself is a testament to Cartier’s enduring legacy, bringing together an unprecedented array of treasures. These include pieces from the exclusive Cartier collection, items from the Royal Collection, and rare jewels from private lenders across the globe – many of which are seldom, if ever, seen by the public.

Ruby is the fiery birthstone for the month of July – and to mark the arrival of this sultry summer month comes a new collaboration featuring gems from Gemfields’ ruby mine in Mozambique.

The Arayian Jewellery x Gemfields capsule collection harnesses the allure and talismanic properties of Mozambican rubies in an array of designs, from elegant dangling ‘chandelier’ earrings to diamond-encrusted ruby rings, classic bracelets, and rich statement necklaces.

Renowned for its bold use of coloured gemstones and red-carpet-worthy designs, Arayian’s pieces are a perfect showcase for rubies from Montepuez Ruby Mining, located on one of the world’s most significant ruby deposits and majority-owned by Gemfields, a world-leading responsible miner and marketer of coloured gemstones. Though the deposit was only discovered in 2009, Montepuez has been the source of some of the most exquisite gems the world has ever seen, putting Mozambique firmly on the map when it comes to rubies.

Arayian is renowned for working with some of the finest coloured gemstones from selected suppliers, and then expertly cutting these and managing the entire process in-house, from sourcing to creation, to ensure the most exceptional quality. The new collection features refined, timeless designs, created by Arayian’s team of master artisans to highlight the natural beauty of each gemstone, with subtle modern elements woven into classic forms, resulting in pieces that feel current yet enduring: worthy of being passed down generations.

Arayian shares Gemfields’ passion for responsible practices, making it an ideal brand partner. Gemfields strives to operate with transparency, legitimacy and integrity at every stage of the mining process, ensuring that profits from sales of its coloured gemstones – rubies from Mozambique and emeralds from the Kagem mine in Zambia – bring tangible benefit back to their countries of origin, positively impacting communities.

“Each piece from the Arayian Jewellery x Gemfields collection features responsibly mined Mozambican rubies, chosen for their vivid colour and unique character,” says Elena Basaglia, Gemfields’ Head of Partnerships and Product – Downstream. “Gemfields takes great pride in seeing these gems showcased in striking designs that capture the glamour of the red carpet and the strength of the women who wear them,” adds Basaglia. Gemfields is delighted to see these treasures from Mozambique shining brightly in this exciting new collection – perfectly timed for ruby month, a high point of the year! The Arayian Jewellery x Gemfields ruby collection ranges from USD 7,500 to USD 150,000 and is available from 1 July 2025 on Arayian.com