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Precious Metals well supported on safe-haven demand AUGMONT BULLION REPORT

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Safe-haven demand: Precious metals found support as safe-haven demand strengthened amid rising geopolitical tensions. The United States increased its military presence in the Middle East, heightening concerns over a potential conflict with Iran. At the same time, Ukraine–Russia peace talks ended without any meaningful breakthrough, reinforcing global uncertainty and supporting demand for gold and silver.

Geopolitical Tensions:U.S. President Donald Trump warned that Iran must reach an agreement on its nuclear program within 10 days or face consequences, further intensifying geopolitical risks. This continued fragility has embedded a risk premium in global markets, underpinning precious metals.

Economic Data:On the economic front, minutes from the Federal Reserve’s January 27–28 meeting revealed a divided stance among policymakers. Some members signaled openness to rate hikes if inflation remains elevated, while others favored rate cuts should price pressures moderate. This policy uncertainty is likely to keep volatility elevated in the precious metals market.

Technical Triggers

As indicated in the previous report, gold has rebounded from its key support level near $4,850 (~ Rs.1,50,000) and is now gradually advancing toward the resistance zone around $5,100 (~ Rs.1,60,000). One may consider a buy-on-dips strategy near support levels and book profits on rallies closer to resistance, until a decisive breakout occurs.

Silver has bounced from its support zone of $70–$90 (~ Rs.2,25,000). Prices are now heading toward the resistance levels of $85 (~ Rs.2,68,000) and $90 (~ Rs.2,85,000). Given the volatility in silver, a buy-on-dips and sell-on-rallies approach remains appropriate within the current trading range

Support and Resistance

MetalMarketSupport LevelResistance Level
GoldInternational$4850 / oz$5100 / oz
GoldIndia₹150,000 / 10 gm₹160,000 / 10 gm
SilverInternational$70 / oz$85 / oz
SilverIndia₹225,000 / kg₹265,000 / kg

source: AUGMONT BULLION REPORT

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International News

Signet The Biggest-Grossing Jeweller In North America By Far In 2025

Luxury Groups, Specialist Watch Retailers, and Branded Jewellery Players Are Steadily Gaining Ground Against Traditional Mass-Market and Department-Store Operators

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National Jeweler’s latest State of the Majors report highlights a shifting leaderboard among North America’s “$100M supersellers,” which grew from 36 to 37 qualifying retailers in 2025. While Signet Group comfortably defended its first-place crown—generating $6.36 billion across 2,329 stores—the rest of the top ten saw major disruption. Signet’s total watch and jewelry sales for the year were $6.36 billion according to the report and had 2,329 outlets. Second-placed Richemont, the Swiss luxury conglomerate, sold  $3.62 billion, with just 105 locations selling watches and jewlery.             

One of the report’s most notable developments was the rise of Richemont to the No. 2 position, overtaking several larger-format retailers. The Swiss luxury conglomerate, owner of prestigious maisons including Cartier and Van Cleef & Arpels, reported $3.62 billion in watch and jewellery sales through only 105 locations. The performance illustrates the outsized revenue-generating power of luxury retail, with Richemont achieving high productivity per store compared with mass-market competitors.

The reshuffling pushed Walmart down to fourth place, signaling a broader shift in consumer spending toward premium and luxury jewellery categories. Meanwhile, warehouse retailer Costco advanced to No. 5, continuing to strengthen its position in fine jewellery through value-led offerings and member-driven purchasing.

Jewellery brand Pandora also climbed one rank to secure the No. 7 spot, reflecting sustained demand for branded jewellery collections and accessible luxury products. In contrast, luxury powerhouse LVMH slipped to No. 6, while longstanding department store chain Macy’s moved down to eighth place, highlighting increased competitive pressures within traditional retail channels.

Another significant change came at the lower end of the top ten, where Watches of Switzerland Group entered the rankings at No. 10, marking growing momentum for specialist luxury watch retail in North America. Its entry displaced Bucherer to No. 11, emphasizing the increasingly competitive nature of premium watch distribution.

The report points to a broader transformation in North America’s jewellery retail hierarchy, where luxury groups, specialist watch retailers, and branded jewellery players are steadily gaining ground against traditional mass-market and department-store operators. While scale remains a decisive advantage—as demonstrated by Signet’s market leadership—the rankings suggest profitability and influence are increasingly being driven by premium positioning, brand equity, and high-value transactions rather than store count alone.

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