International News
India takes centre stage as Partner Country at INHORGENTA 2025
India takes centre stage as Partner Country at INHORGENTA 2025
India proudly takes centre stage as the role of official partner country at INHORGENTA 2025, marking a pivotal moment in the global gem and jewellery industry. The show, INHORGENTA 2025, was inaugurated at the India Pavilion today by Shatrughna Sinha, IFS, Consul General of India, Munich; Kirit Bhansali, Chairman, GJEPC; Stefan Rummel, CEO of Messe München; and Stefanie Maendlein, Exhibition Director of INHORGENTA.
Curated by GJEPC, the India Pavilion is showcasing a stunning array of diamond jewellery, gold and platinum pieces, fine jewellery, and loose gemstones. The India Experience Lounge at INHORGENTA 2025 offers visitors a multi-sensory journey into India’s rich heritage, blending craftsmanship, culture, and innovation.
Additionally, the Brand India Gallery displays masterpieces from the Artisan Jewellery Design Awards, demonstrating India’s exceptional talent and creative excellence. From the exquisite jewellery and Manchaha Rugs, handwoven by rural artisans, to the flavors of Kashmiri Kahwa and Masala Chai, every element engages the senses. The aroma of sandalwood and the melodic strains of the Sitar create an immersive atmosphere, making the lounge a true celebration of India’s artistry and tradition.
A panel discussion, The Rising Indian Jewellery Influence in the Global Landscape, will explore India’s growing impact on the global market, featuring industry experts Alice Cicolini, a high-end jewellery designer based in the UK, and Radhika Somaia, a brand architect, curator, and jewellery contributor.
International News
WGC Gold Market Commentary-Go With The Flow
September Was Unusual: Despite The Price Decline,Global Gold ETFs Recorded US $10bn (67t) Of Inflows Across Regions. North America Led The Charge, Followed By Europe and Asia.
September review
A surge in US Treasury yields and the US dollar alongside a drop in futures positions helped drive prices lower in September, despite
Yet September was unusual: despite the price decline, global gold ETFs recorded US$10bn (67t) of inflows across regions. North America led the charge, followed by Europe and Asia.
Key Takeaways & Market Drivers
1. September Price Retreat
- Price Movement: Gold dropped 8.5% m/m in September to close at $4,176/oz (USD), experiencing broad declines across all major international currencies.
- Primary Drivers: Macro headwinds drove prices lower, specifically a 53 bps surge in US 10-year Treasury yields (to 5.3%) and a 2% gain in the US Dollar Index (DXY), as captured by the Gold Return Attribution Model (GRAM).
- Derivatives Liquidation: COMEX net managed money positions shrank by $12bn (84t), while spreading positions fell by $22bn (156t), putting heavy downward pressure on spot prices.
2. Divergence: Physical ETFs vs. Derivatives
- Unusual Contrast: While futures/derivatives positions liquidated sharply, physical demand held firm—global gold ETFs saw strong net inflows of $10bn (67t) in September, led by North America, Europe, and Asia.
3. Stellar European & UK Demand in Q3
- Record Demand: UK-listed gold ETFs recorded 54 tonnes of inflows in Q3 (inflows in 12 of 13 weeks), far exceeding model predictions of 18t (a 36t excess).
- Macro Shift: Historical relationships fail to explain the surge. However, since July, excess UK ETF inflows have strongly correlated (r = 0.51) with rising UK term premia.
- Fiscal Concerns: Investors appear increasingly focused on long-term fiscal sustainability (highlighted by the UK Office for Budget Responsibility’s warnings) and persistent inflation risks rather than transient policy events.
Outlook: What to Watch in October
- Fed & Central Bank Meetings: Markets have lowered expectations for further monetary tightening across the Fed, ECB, and Bank of England.
- Key Signal: If bond yields and term premia remain elevated despite dovish rate expectations, it will signal deeper structural concerns regarding fiscal deficits, which should continue supporting strategic gold demand.
Nine Days, Nine Colours: Style Your Navratri Looks With CANDERE BY KALYAN JEWELLERS
Aneet Padda Buys Her Own Diamond In Mia By Tanishq’s New ‘Precious, Every Day’ Film
IIGJ Mumbai Celebrates Graduation of 79 Students; Recognises Excellence in Academics, Innovation, Design
-
National News23 hours agoMCX Gold Futures Open Higher
-
National News17 hours agoAneet Padda Buys Her Own Diamond In Mia By Tanishq’s New ‘Precious, Every Day’ Film
-
National News17 hours agoIIGJ Mumbai Celebrates Graduation of 79 Students; Recognises Excellence in Academics, Innovation, Design
-
International News20 hours agoWGC Gold Market Commentary-Go With The Flow
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.