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Jewellery absent from the list of Father’s Day top gift choices: NRF SURVEY

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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.

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International News

GET-Diamonds to Launch World’s First Blockchain-Based Digital Diamond Certificate at JCK Las Vegas

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In a move poised to revolutionize the diamond industry, GET-Diamonds.com, in partnership with digital identity firm YourProof.id, will unveil the world’s first blockchain-based Digital Diamond Certificate (DDC) at the JCK Jewelry Show in Las Vegas on 6 June 2025.

This innovative certificate links a diamond’s grading report to a tamper-proof blockchain record, accessible through a secure digital wallet. Unlike traditional paper certificates, which are often lost or forgotten, the DDC is a verifiable digital asset — portable, secure, and impossible to misplace.

“About 80% of diamond buyers lose their certificates within months,” said Tim Goodman, CEO of GET-Diamonds and YourProof.id. “With YourProof.id, the certificate becomes part of the diamond’s story — safely stored, shareable, and rich in value.”

Beyond authentication, the DDC offers personalization features: retailers can embed branded content, educational videos, promotions, or even heartfelt messages — creating a digital experience for every diamond.

Built on Ethereum smart contracts and fully compliant with KYC/AML and GDPR standards, the DDC not only boosts trust and transparency but also helps safeguard brand value across the supply chain.

The innovation will also be highlighted at the WFDB Presidents’ Meeting in New York on 10–11 June, where dignitaries including Botswana President Duma Boko and U.S. Secretary of Commerce Howard Lutnick are expected to attend.

Available to WFDB and GET platform members starting at $25 per certificate, the DDC will soon integrate traceability data from Sarine, a leader in diamond tech.

Goodman concluded: “We’re setting a new global standard. Retailers will receive diamonds already certified with a DDC and can instantly transfer the certificate to their customer’s wallet at the point of sale. And if they don’t have a wallet? It only takes a minute to set one up — in-store or online.”

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 Precious Metals surges on mounting geopolitical and trade tensions AUGMONT BULLION REPORT

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  • Investors’ reactions to rising trade and geopolitical tensions caused gold to jump nearly 3% and silver to rise 5%. To further sour relations with trading partners, US President Donald Trump threatened to double tariffs on steel and aluminium from 25% to 50% beginning Wednesday.
  • At the same time, tensions between Beijing and Washington grew as Trump accused China of breaking a trade agreement with the US. China responded with accusations of its own, further escalating trade uncertainty worldwide. According to the White House, President Trump and Chinese President Xi Jinping are expected to meet later this week, and markets are now anticipating their possible meeting.
  • In the meantime, a Ukrainian drone strike that allegedly destroyed more than 40 Russian aircraft sparked a barrage of missile and drone attacks from Moscow, intensifying the war between Russia and Ukraine. Monday’s negotiations in Istanbul concluded after the two parties met for just over an hour without moving much forward toward a deal.

Technical Triggers  

  • Gold prices have broken the range of $3275(~Rs 95000) and $3375(~Rs 96400) on the upside. If this positive momentum continues, we are likely to see the price rise towards $3450 (~Rs 99000).
  • Silver prices ahave broken the one month range of $32.5(~Rs 96000) and $34(~Rs 99000), next resistance is $35 (~Rs 101,500).

Support and Resistance

MetalMarketSupport LevelResistance Level
GoldInternational$3275/oz$3450/oz
Indian₹95,000/10 gm₹99,000/10 gm
SilverInternational$32.5/oz$35/oz
Indian₹96,000/kg₹1,01,500/kg
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International News

World’s largest gold frame unveiled at WJMES, Sharjah, creates  Guinness World Record

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Among the key highlights at 55th edition of the Watch and Jewellery Middle East Show, Sharjah is ongoing at Expo Centre Sharjah,is the “Union Frame” which has now entered the Guinness World Records as the world’s largest gold frame.The opulent piece is entirely crafted from 21-carat pure gold and is introduced by Golden Arabia Jewellery under the theme “Art that Tells the Story of a Nation.”

The magnificent frame embodies a blend of fine craftsmanship and national pride, designed to communicate the enduring spirit of the UAE’s union, anchored in a deep-rooted heritage and guided by forward-looking aspirations.

The frame illustrates the country’s cultural and architectural legacy: Prominent features include the Sheikh Zayed Grand Mosque in Abu Dhabi, Sharjah’s Quran Roundabout, and Dubai’s Burj Khalifa. Other landmarks include Ras Al Khaimah’s historic Dhayah Fort, Fujairah Fort, the Ajman Museum, and Umm Al Quwain’s Museum and Fort.

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