International News
Gold sees significant decline on global trade tensions, recession fears
Spot gold experienced a significant decline on Monday, April 7, 2025, dropping 0.3% to $3,027.90 per ounce after hitting a 3.5-week low earlier in the session. This unusual behavior for gold, traditionally a safe-haven asset, prompted market speculation that investors are selling bullion to realize profits or cover margin calls on other investments. The sell-off is attributed to escalating global trade tensions and the resulting fears of a potential global recession.
Adding to the bearish sentiment, Morningstar’s John Mills foresees gold prices plummeting to $1,820 per ounce—a 38% decline—driven by easing inflation and potential trade normalization. Mehta Equities’ Rahul Kalantri attributes recent volatility to factors like a weak US jobs report and dovish Fed signals, projecting key trading ranges for gold.
Gold prices face a potential 38% decline, according to Morningstar’s John Mills, who forecasts a drop to $1,820 per ounce due to shifting market dynamics. Meanwhile, Mehta Equities’ Rahul Kalantri warns of persistent extreme volatility, outlining specific support and resistance levels in both USD and INR, and attributing the recent swings to various economic indicators.
International News
Sotheby’s To Sell $15m Collection Of 300 Vintage Cartier Watches
300 Vintage Cartier Watches Offer An Exhaustive Retrospective Of The Maison’s Horological Mastery
Sotheby’s is proud to announce the landmark auction of “The Shapes of Cartier: The Finest Vintage Collection Ever Assembled.” Amassed over 25 years by a single visionary connoisseur, this unprecedented collection of more than 300 vintage Cartier watches offers an exhaustive retrospective of the Maison’s horological mastery, from its early 20th-century origins to its most avant-garde mid-century experiments.
With a total estimated value exceeding $15 million, the collection will be offered in stages across Sotheby’s “Important Watches” sales in Hong Kong, Geneva, and New York. The journey begins on April 24 in Hong Kong, perfectly timed to coincide with the heightened global focus on luxury watchmaking during the upcoming Watches and Wonders Geneva.
Cartier has long been defined by its “shape-led” philosophy, prioritizing distinctive silhouettes—the Tank, Santos, and Panthère—that have become cultural icons. This collection highlights the specific, rare outputs of Cartier’s historically independent workshops in Paris, London, and New York, focusing on the era when the brand’s creativity was at its most experimental.
The headline lot of the Hong Kong sale is a 1987 Cartier London Crash in yellow gold. Believed to be one of only three examples produced that year, this legendary asymmetrical model—a symbol of “Swinging Sixties” nonconformity—is estimated to fetch between $400,000 and $800,000.



Other notable pieces include:
- Cartier Decagonal, London (1970–71): A rare 10-sided yellow gold watch. Estimate: $60,000–$80,000.
- Tank Asymétrique, London (1992): An 18k white gold parallelogram-shaped case. Estimate: $60,000–$80,000.
- Cartier Driver’s, London (1966–67): A deeply curved rectangular design for ergonomic wrist placement. Estimate: $50,000–$80,000.
- Cartier Octagonal & Baignoire Variations: Elusive silhouettes reflecting the meticulous craftsmanship of the London workshop.
This auction arrives amid a significant surge in the global market for pre-owned and vintage luxury watches. Current projections value the global luxury watch market at approximately $62.3 billion in 2026, with the high-end pre-owned segment expected to reach $45 billion by 2030.
Driven by an annual growth rate of 9.2%, collectors across all generations are increasingly viewing rare heritage pieces not just as fashion statements, but as stable, long-term investments. “The Shapes of Cartier” represents a rare opportunity for enthusiasts to acquire pieces that bridge the gap between historical significance and modern desirability.
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