International News
Jewellery To Lead Mother’s Day Gifting At $7.5 Billion: NRF Survey
For Indian Jewellery Stakeholders, These Insights Signal Strong U.S. Export Potential
Total consumer spending on Mother’s Day gifts in the United States is projected to reach a record $38 billion this year, exceeding the 2025 high of $35.7 billion and 2024’s $34.1 billion, according to the National Retail Federation (NRF) annual survey conducted by Prosper Insights & Analytics. With nearly 8,000 respondents polled from April 1 to 8, the data underscores jewelry’s position as the leading category at $7.5 billion—surpassing special outings ($6.4 billion) and electronics ($4.4 billion)—building on 2025’s $6.8 billion.
Average spending per consumer is forecast at $284.25, reflecting resilient demand for premium, sentimental gifts despite economic headwinds. Mother’s Day remains a priority for many Americans, who plan to lean into the holiday. Retail channels are evenly split between online and department stores, each accounting for 33% of purchases, followed by speciality retailers, indicating broad distribution opportunities for jewellery brands across formats.
Jewelry accounts for the highest value despite lower volume penetration compared to flowers or cards; nearly half of shoppers prioritize meaningful, distinctive items. Retail distribution is evenly split, with online and department stores each capturing 33% of purchases, followed by specialty outlets—presenting broad opportunities for brands.
For Indian jewellery stakeholders, these insights signal strong U.S. export potential in personalized fine jewellery, reinforcing the sector’s global appeal.
International News
Massive 11,000-Carat Ruby Uncovered In Myanmar
A massive 11,000-carat rough ruby has been recovered in the famed gem-rich region of Mogok, Myanmar, according to recent state media reports.
Weighing in at 2.2 kg (4 lbs 14 oz), the newly discovered stone is roughly half the size of the legendary 21,450-carat rough gem found in the same region back in 1996. However, experts and state officials report that this new find boasts vastly superior color, luster, and transparency.
Mogok rubies, sourced from the “Valley of Rubies” in Myanmar (Burma), are legendary for their unrivaled vivid color and supreme clarity. They are famous worldwide for their “pigeon blood” red hue, which is caused by trace elements and microscopic silk particles that scatter light and give the gem a glowing, velvety softness.
Key Details of the Discovery:
- Physical Properties: The giant gem exhibits a striking purplish-red color with yellowish undertones, excellent vitreous luster, and moderate transparency. It remains entirely in its natural, untreated state.
- Geopolitical Context: Myanmar supplies roughly 90% of the world’s rubies. However, the nation has been embroiled in a devastating civil war since a 2021 military coup—a conflict that has claimed approximately 90,000 lives and displaced over 3.5 million people.
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International News6 hours agoMassive 11,000-Carat Ruby Uncovered In Myanmar


