International News
Jewellery absent from the list of Father’s Day top gift choices: NRF SURVEY
father’s Day spending in the US is set to reach a record $24 billion this year, according to the National Retail Federation (NRF) and Prosper Insights & Analytics. While the total spend is rising, jewellery is noticeably absent from the list of top gift choices.
Unlike Mother’s Day, when jewellery topped the charts with a projected $6.8 billion in sales, Father’s Day purchases are leaning more towards experiences, clothing, gift cards, and grooming products. In fact, 58% of shoppers plan to buy greeting cards, followed by clothing (55%), special outings (53%), and gift cards (50%). Jewellery didn’t make the list.
“Consumers are looking for gifts that create special memories or feel personal, and that’s pushing spending into categories like outings and subscription boxes,” said Phil Rist, EVP of Strategy at Prosper. “There’s a clear preference for experiential or practical gifts when it comes to dads.”
The average Father’s Day spend is $199.38 per person, nearly $10 more than last year. However, even with rising budgets, fine jewellery doesn’t appear to be part of the plan—highlighting a notable contrast to Mother’s Day, where jewellery is often considered a must-have gift.
International News
Sky Gold & Diamonds Ltd. Unveils Sky Souk Office & Experience Centre in Dubai
In a landmark moment for the Indian jewellery industry’s expanding global footprint, Sky Gold & Diamonds Ltd. proudly inaugurated its state-of-the-art Sky Souk Office & Experience Centre at Experience Centre Experience Centre , Dubai Gold Souk Extension.
The inauguration was conducted by Tamjid Abdullah, Joint Managing Director, Jawhara Jewellery, and attended by eminent industry leaders including John Paul Alukkas, Managing Director, Joyalukkas Jewellery – International Operations; K.P. Abdul Salam, Vice Chairman, Malabar Group; and Rajesh Jain, Partner, Siroya Jewellers LLC.



Adding to the momentous occasion were Darshan Chauhan, Mahendra Chauhan, and Akash Talesara, President, Sky Gold & Diamonds Ltd., along with the entire Sky Gold & Diamonds team.
This milestone underscores the brand’s commitment to blending Indian craftsmanship with global luxury sensibilities, positioning Sky Souk as a hub for innovation, artistry, and strategic B2B collaboration within Dubai’s dynamic jewellery landscape.
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