National News
Rosy Blue & Kashikey invest Rs 1,000 cr in QWEEN
Rosy Blue and Kashikey back QWEEN’s next growth phase as the brand prepares to launch flagship experiential outlets.
Jewellery brand QWEEN has attracted a Rs.1,000 crore investment from global diamond major Rosy Blue and Japanese jeweller Kashikey, giving the young company a major push as it prepares for rapid expansion across the country.
Set up by Amit Kumar and Suyash Motarwar, QWEEN began as a bootstrapped venture before Kashikey came in as an early backer. The new round of funding will support its first large stores in Bengaluru and Delhi, scheduled to open by mid-February 2026.
Each store will cover about 5,000 to 6,000 square feet and introduce a self-guided shopping format. Shoppers will explore the jewellery on open displays using an access card system rather than relying entirely on sales staff. The brand plans to roll out more than 20 collections and over 3,000 designs spanning natural diamonds, coloured stones, gold and silver.
Kashikey Chairman Hisao Kato said that QWEEN’s approach aligns with the company’s long heritage of craftsmanship and quality.
National News
Silver Hits Record High as Rupee Slumps
Bullion spikes as rupee breaches 90-mark and global markets price in imminent US Fed rate cut.
Silver prices surged by Rs 3,126 to hit a fresh record of Rs 1,84,727 per kilogram on Wednesday while gold futures advanced to Rs 1,30,766 per 10 grams, tracking firm global trends.
A steep fall in the rupee, which slipped to an all-time low against the US dollar, further pushed up bullion prices, analysts said. On the Multi Commodity Exchange (MCX), gold futures for the February 2026 contract jumped by Rs 1,007, or 0.78 per cent, to Rs 1,30,766 per 10 grams.
Silver futures also moved higher to hit an all-time high on the MCX. The white metal for March 2026 delivery zoomed by Rs 3,126, or 1.72 per cent, to Rs 1,84,727 per kilogram.
On Wednesday, the rupee breached the 90-mark for the first time, slipping 6 paise to 90.02 in the morning trade, as persistent dollar demand from banks and foreign fund outflows weighed on the sentiment.
In the global market, gold and silver futures rose amid mounting expectations of an interest rate cut by the US Federal Reserve next week. Comex silver for December delivery climbed 1.6 per cent to touch a lifetime high of USD 58.90 per ounce, while the March contract gained 1.62 per cent to record of USD 59.65 per ounce.
Market participants are awaiting the ADP employment report and delayed September Personal Consumption Expenditures (PCE) inflation data for further policy cues.
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