International News
Gold surge sparks selling spree, causing cash crunch in NY Diamond District
Gold recently climbed to $3,334 an ounce, while silver reached a 13-year high of $35 per ounce, reshaping dynamics in New York’s Diamond District. The rally has triggered a wave of consumers selling gold items rather than buying, leading to cash shortages among retailers constrained by bank credit limits. Transactions exceeding $2,500 are largely settled via checks or wire transfers.
Retailers report growing inflows of solid gold timepieces and vintage jewelry, with gold-intensive models fetching significant premiums. A Rolex Submariner, for example, now commands between $25,000 and $40,000, supported by rising gold prices.
Licensed precious metals dealers operate specialized facilities to melt gold, silver, and platinum into tradable bars. Demand for liquidation of assets is evident, with stalls stocked with items like silver menorahs and candlesticks awaiting smelting.
However, limited cash availability remains a challenge, occasionally costing dealers potential sales as customers move to competitors. Banks and security services maintain tight control over cash deliveries to curb risk.
High gold prices have made selling more attractive than buying. Traditional jewelers, who focus on finished pieces, face softer demand as consumers resist higher costs. Meanwhile, some investors prefer to buy bullion or coins as a hedge against economic uncertainty, reflecting continued faith in precious metals as a store of value.
Overall, while precious metals trading activity remains robust, the market tilts heavily toward sellers, putting pressure on liquidity and compressing retail margins.
GlamBuzz
All That Glitters: The Jewellery Moments Everyone Talked About at the 2026 Golden Globes
From archival diamonds to playful brooches, Hollywood’s biggest night sparkled with fearless jewellery statements
The 2026 Golden Globes didn’t just celebrate cinematic brilliance—it redefined red-carpet glamour. Set against a newly designed red carpet at the Beverly Hills Hotel, the evening shimmered beneath four magnificent Swarovski crystal chandeliers, casting a radiant glow on Hollywood’s finest. But the true spectacle lay in the extraordinary jewellery moments that unfolded as stars stepped into the spotlight.
Teyana Taylor delivered one of the night’s most talked-about looks, pairing her Best Supporting Actress win for One Battle After Another with striking 1940s Tiffany & Co. earrings. The archival diamonds perfectly offset the playful audacity of her custom Schiaparelli gown, proving once again that classic jewels and modern fashion can collide spectacularly.
Zoë Kravitz championed the romantic return of the hair pin, wearing a bespoke creation by Jessica McCormack that felt both intimate and effortlessly chic. Meanwhile, Charli xcx leaned fully into Old Hollywood glamour, completing her custom Saint Laurent ensemble with cascading De Beers diamond strands that echoed timeless screen sirens.
Men’s jewellery continued its powerful rise on the Golden Globes carpet. Colman Domingo stood out with an elegant suite of Boucheron diamonds, styled as ivy-like tendrils flowing over his custom black Valentino tuxedo—an artful blend of couture and craftsmanship. Paul Mescal reaffirmed his love for refined accessories with a Cartier tie pin, while Connor Storrie brought playful elegance with Tiffany & Co.’s iconic Bird on a Rock brooch.
One of the most imaginative jewellery moments belonged to Wicked director Jon M. Chu, who wore two beaded figurative brooches depicting his co-stars and fellow nominees Ariana Grande and Cynthia Erivo. Designed by Italy-based embroidery artist Nerd Bead—discovered by Chu on Instagram—the pieces added personality, storytelling and warmth to the red carpet.
Elsewhere, Emily Blunt sparkled in Tiffany & Co., Priyanka Chopra Jonas turned heads in Bulgari, Hailee Steinfeld chose the architectural elegance of Repossi, Claire Danes glowed in Pomellato, Natasha Lyonne dazzled in Chopard, Jennifer Lawrence opted for Swarovski, and Timothée Chalamet continued his refined jewellery streak with Cartier.
At the 2026 Golden Globes, jewellery wasn’t merely an accessory—it was a statement of individuality, creativity and evolving red-carpet expression. From archival diamonds to bold brooches, the night served as a brilliant reminder that fine jewellery remains one of Hollywood’s most powerful storytelling tools
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All That Glitters: The Jewellery Moments Everyone Talked About at the 2026 Golden Globes
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.