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Precious metals extend rally on rising geopolitical and trade risks AUGMONT BULLION REPORT

A New Chapter of Sustainable Luxury from the House of Senco

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Gold and silver climbed to fresh record highs, with gold touching $4,698 (~Rs.1,45,500) and silver reaching $94.36 (~Rs.3,01,300), as investors rushed into safe-haven assets amid a sharp escalation in geopolitical tensions. The move was triggered after U.S. President Donald Trump threatened to impose additional tariffs on European countries over control of Greenland.

The announcement drew swift criticism from European officials and raised fears of a wider transatlantic trade dispute. Trump warned that tariffs could rise to 25% by June if no agreement is reached. Combined with already elevated geopolitical risks, the rhetoric reignited global risk aversion, driving investors toward traditional safe havens like gold and silver. U.S. stock futures and the dollar weakened, while the yen and Swiss franc also benefited. European Union ambassadors have since agreed to step up diplomatic efforts to dissuade the U.S. from imposing tariffs, while preparing retaliatory measures if talks fail.

Geopolitical risks remain elevated elsewhere as well. Iran warned that any attack on Supreme Leader Ayatollah Ali Khamenei could trigger an all-out war with the U.S. Meanwhile, the Russia–Ukraine conflict continues to intensify, with Ukraine’s foreign minister citing evidence that Russia may be considering strikes near nuclear-linked infrastructure. President Volodymyr Zelensky said recent attacks suggest Moscow is not interested in diplomacy.

Silver has gained nearly 30% year-to-date, attracting strong speculative interest from both buyers and sellers, leading to sharp and erratic price swings. Physical tightness is showing early signs of easing as silver flows back from COMEX warehouses to Europe, while high prices may temper industrial demand. However, speculative appetite in China remains strong, with Shanghai prices trading almost $10 above London.

Markets now turn their attention to the U.S. PCE inflation data and the final Q3 GDP print for fresh direction. Even so, the broader fundamental backdrop continues to favor gold and silver bulls, keeping the case for further gains intact.

The gold boom began in mid-August, around $3400, and reached $4400 by mid-October. The prices then retraced and have been taking support from the uptrendline since. Gold is heading towards next resistance of $4750-60 (78.6% fibonnicci extension) (~Rs 147000) and $4990-5000 (100% fibonnicci extension) (~Rs 155,000).

As suggested last week, Silver has touched the 61.8% Fibonnicci resistance target of $93(~Rs 300,000). Next level to watch for is 78.6% Fibonnici extension of $99.2-100 (~Rs 320,000) and 100% fibonnicci extension of $107(~Rs 340,000). Strong support lies at $86.5 (~Rs 285,000).

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DiamondBuzz

De Beers Group Launches “Heera Hai Aapke Liye” Program at IIJS Bharat Signature to Revolutionize Natural Diamond Accessibility in India

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De Beers Group, the world’s leading diamond company, marked a significant milestone in the Indian jewellery landscape with the official launch of the “Heera Hai Aapke Liye” program at IIJS Signature. The star-studded event featured actress Sonakshi Sinha, who joined Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, to unveil an initiative dedicated to making natural diamonds an integral part of daily life for the modern Indian consumer.

The “Heera Hai Aapke Liye” (Diamonds are for You) program is strategically designed to promote natural diamonds by raising awareness, boosting market visibility,and creating a seamless connection between retailers and consumers. With a focus on modern designs and attractive price points, the program also lets local retailers use De Beers Group campaigns as their own—second-piercing earrings, ‘Bestie’ bracelets, and ‘Intention’ pendants. It positions diamonds as a lifestyle choice for self-expression and daily wear.

Speaking at the launch, Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, detailed the evolution of the brand’s storytelling, stating, “De Beers Group has a rich legacy of creating iconic ritual campaigns that have shaped how the world perceives diamonds. With ‘Heera Hai Aapke Liye,’ program we are evolving that narrative for the Indian market to another level.

We are not just selling jewellery, we are making natural diamonds more accessible and desirable in India. Our goal is to empower retailers through INDRA (Indian Natural Diamond Retailer Alliance)  to ensure that every ‘First Diamond’ journey is as credible as it is beautiful.”

Kirit bhansali

Speaking on the occasion, Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), said, “IIJS has always been a powerful platform for shaping the future of India’s gem and jewellery industry, and the launch of ‘Heera Hai Aapke Liye’ at IIJS Signature reinforces that role. GJEPC is proud to partner with De Beers Group on the INDRA (Indian Natural Diamond Retailer Alliance) project, which is a critical step towards strengthening domestic demand for natural diamonds.

By empowering retailers, enhancing consumer confidence, and expanding access across metros and Tier 2 markets, this initiative aligns perfectly with our vision to grow the natural diamond category sustainably within India.”

The program ‘Heera Hai Aapke Liye’, rests on few strategic pillars aimed at industry growth and scalability:

  • Stocking & New Consumer Opportunity: Identifying gold wholesalers and distributors across 15–20 cities to focus on a first-phase target of 500 retailers.
  • Retailer Advantage: Providing a “Design Advantage” and strict “Product Hygiene,” backed by a clear buy-back policy and robust training and marketing support via the INDRA alliance.
  • Heera Hai Aapke Liye is robust entry-level product kit featuring earrings, bangles, bracelets, etc supported by exclusive visual merchandising (VM) for display.
  • Growth and Scalability: A PAN-India reach strategy designed to unlock new business opportunities for both manufacturers and retailers.

As India continues to grow as the world’s second-largest market for retail diamond jewellery, De Beers Group remains committed to strengthening the natural diamond narrative. By combining the emotional appeal of natural diamonds with the practical “Heera Hai Aapke Liye” framework, De Beers aims to build a sustainable future for the category across both metros and Tier 2 cities. De Beers and GJEPC aim to expand the base of Natural Diamond buyers, increase self-purchase consideration, and establish long-term credibility for the category.

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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.

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