International News
Jewellery industry unites to protect consumer confidence: CIBJO

In a landmark move for the jewellery sector, the World Jewellery Confederation (CIBJO) has launched a four-month public consultation for The Blue List: The Responsible Jewellery Supply Chain Lexicon. This initiative marks the culmination of a collaborative effort spanning more than three years to establish a globally harmonised glossary of responsible sourcing and sustainability terminology for the jewellery, gemstone and precious metals industries.
The public consultation on the draft glossary launches today at the headquarters of UFBJOP (Union Française de la Bijouterie, Joaillerie, Orfèvrerie, des Pierres & des Perles), held on the sidelines of the OECD Forum on Responsible Mineral Supply Chains in Paris. It will close on September 6, 2025 at the VicenzaOro jewellery show in Vicenza, Italy.
Developed by CIBJO’s Nomenclature Committee, The Blue List responds to rising demand for greater transparency and a lack of harmonised governance around marketing claims. To address this, the Committee reviewed widely used consumer-facing terms and conducted research drawing on international standards, legal analyses, and existing industry frameworks. The findings revealed significant gaps that created ambiguity and confusion across the supply chain. The draft Blue List directly addresses these gaps through a robust framework designed to ensure terminology is accurate, substantiated, and easy to understand. Ultimately, this initiative helps protect consumer confidence by ensuring that marketing claims are clear, credible, and universally understood.
The Blue List represents a shared commitment by the industry to define consistent terminology for responsible sourcing. The initiative is co-chaired by Dr. Gaetano Cavalieri, President of CIBJO, and Feriel Zerouki, Senior Vice President of Provenance, Ethics & Industry Relations at De Beers Group, with Purvi Shah, Head of Ethical and Sustainable Value Chains at De Beers Group, serving as its lead.
Bringing together voices from every stage of the supply chain—from mining companies to retailers—the working group includes major brands, SMEs, national and international trade associations, legal experts, and stakeholders from the diamond, coloured gemstone, pearl, coral and precious metals sectors.

“The Blue List is a vital step toward greater consistency and credibility in how our industry communicates about responsibility,” said Dr. Gaetano Cavalieri, President of CIBJO. “With growing demand for transparency, the absence of clear, harmonised terminology has led to confusion, even among professionals. By providing universally agreed language and guidance for substantiation, we are creating a common ground that strengthens trust both within the industry and with the public.”
“Language matters, especially when it relates to ethics and sustainability,” said Feriel Zerouki, Senior Vice President of Provenance, Ethics & Industry Relations at De Beers Group. “The Blue List empowers businesses to speak responsibly, confidently and consistently. It enables clear communication with consumers, supports responsible marketing and reinforces the values we stand for as an industry.”

CIBJO invites all members of the jewellery sector, along with external stakeholders and subject matter experts, to take part in the public consultation of The Blue List. Contributions are welcome from across the supply chain and related sectors. Submissions can be made online via a dedicated mini-site HERE, where interested participants can engage in the process. CIBJO also welcomes requests for market-specific presentations to support broader understanding and engagement across different regions.
Following the consultation period and approval by the CIBJO Board of Directors, The Blue List will be formally launched at the 2025 CIBJO Congress in Paris, taking place October 27-29, 2025. Like the CIBJO Blue Books, it will serve as a living document, reviewed regularly and updated as regulatory needs evolve.

International News
Precious Metals dip after Trump-Zelensky talks AUGMONT BULLION REPORT
Gold slipped below $3,380 (₹99,400) as focus shifted to the Fed’s Jackson Hole symposium and President Trump’s talks with European and Ukrainian leaders. Markets await Fed Chair Powell’s remarks for cues on a possible September rate cut. Technically, gold eyes $3,340 (₹98,500) support with $3,445 (₹100,500) as resistance, while silver is expected to trade between $37.5 (₹1,12,500) and $39 (₹1,15,000).

- Gold prices slightly declined below $3380 (Rs 99400) as investors’ attention was drawn to the Federal Reserve’s annual Jackson Hole symposium and US President Donald Trump’s meeting with European and Ukrainian leaders.
- In a White House meeting with President Zelensky, alongside European and NATO officials, President Trump voiced hope that the war in Ukraine would be over.
- After the negotiations, he claimed, the US will be “involved” in keeping the ceasefire and would call Russian President Putin.
- Amidst mounting anticipation for a September interest-rate decrease, markets will be closely observing Federal Reserve Chair Jerome Powell’s forthcoming statements at the Jackson Hole Symposium as well as the minutes from the Fed’s most recent meeting.
Technical Triggers
- Gold seems to continue its downward trajectory after sustaining below $3400. Next target is $3340 (Rs 98500), while $3445 (Rs 100,500) remains the resistance
- Silver prices are expected to consolidate in a range of $37.5(Rs 112,500) to $39(~Rs 115,000).
Metal | Market | Support Level | Resistance Level |
---|---|---|---|
Gold | International | $3340/oz | $3445/oz |
Indian | ₹98,500 / 10 gm | ₹100,500 / 10 gm | |
Silver | International | $37.5/oz | $39/oz |
Indian | ₹112,500 / kg | ₹115,000 / kg |
International News
Gold price drifts lower to near $3,330 ahead of US-Ukraine talks
Pandora posted 4% revenue growth to DKK 7.08 billion in Q2 2025, driven by strong US demand and a 36% surge in lab-grown diamond sales. The brand will close 100 underperforming China stores—double earlier estimates—while still targeting 400–500 new global openings by 2026.

Gold prices edged lower to around $3,330 in early Asian trading on Monday, pressured by stronger-than-expected US economic data. The drop comes ahead of a key meeting later in the day between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy, which traders are watching closely for geopolitical signals.
Last week’s US Producer Price Index (PPI) rose 3.3% year-on-year in July, well above market expectations of 2.5% and the previous 2.4%. The hotter-than-expected inflation reading reduced bets on a potential Federal Reserve rate cut in September, creating headwinds for the yellow metal.
Adding to the picture, US Retail Sales grew 0.5% month-on-month in July, matching forecasts but slightly below June’s upwardly revised 0.9%.
While strong economic data pressures gold, safe-haven demand linked to geopolitical tensions may limit further downside in the near term.
International News
Pandora to Close Up to 100 Stores in China
Pandora posted 4% revenue growth to DKK 7.08 billion in Q2 2025, driven by strong US demand and a 36% surge in lab-grown diamond sales. The brand will close 100 underperforming China stores—double earlier estimates—while still targeting 400–500 new global openings by 2026.

Pandora reported steady growth in the second quarter despite global challenges, while announcing plans to close about 100 underperforming stores in China to streamline its retail network. The closures are higher than the 50 previously expected, meaning net global openings will now total 25 to 50 this year, compared to the earlier forecast of 50 to 75. Still, Pandora aims to expand its footprint by 400–500 stores by 2026.
Product mix contributed negatively driven by the strong performance in Collabs and Pandora Lab-Grown Diamonds, which both carry gross margins below group level,
For the quarter ending June 30, revenue rose 4% to DKK 7.08 billion ($1.11 billion), with organic growth of 8% and like-for-like sales up 3%, driven by strong US demand, especially during Mother’s Day. Profit inched up 0.5% to DKK 803 million ($125.9 million). Lab-grown diamond sales surged 36%, though their lower margins pressured profitability.
Pandora also flagged potential tariff impacts, estimating costs of DKK 200 million in 2025 and DKK 450 million in 2026, and may consider price increases to offset pressures.
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