International News
Ruby necklace nets $657,035 at Sotheby’s auction in Paris
A ruby necklace was the star of a recent Sotheby’s auction in Paris, where it sold for more than double its high estimate. it surpassed its EUR 300,000 ($322,946) top price to bring in EUR 609,600 ($657,035), according to Sotheby’s. In total, the auction garnered EUR 7.2 million ($7.8 million).
The necklace, featuring a cushion-shaped, 3.12-carat, pigeon’s blood Burmese ruby, took the top spot at the March 26 Fine Jewelry sale.
jewelry auctions are more than just events — they play a pivotal role in defining the value of fine diamonds, gemstones, and jewelry. These auctions not only demonstrate resale trends but also offer a fascinating glimpse into the evolving tastes of collectors and investors around the globe.
US spot Gold prices climbed above $4,250 early Monday, touching a six-week high as investors turned cautious ahead of the upcoming US ISM Manufacturing PMI release. The yellow metal is poised for further upside momentum if it secures a sustained daily close above the crucial $4,250 resistance level.
The US Dollar opened December on a softer note, pressured by rising expectations that the Federal Reserve may announce a rate cut next week. Growing market confidence in easing monetary conditions has boosted the appeal of non-yielding assets such as gold.
Analysts note that a decisive break and close above $4,250 could reinforce bullish sentiment and pave the way for an extended rally in the days ahead. As global markets await fresh cues from the US economic calendar, gold continues to benefit from a favorable macroeconomic backdrop and robust safe-haven demand.
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
Jewels of Legacy: People, Emotions, Histories behind four iconic Indian jewellery houses
Women Leaders Driving the Luxury Renaissance
Women Leaders Driving the Luxury Renaissance
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
SHINESHILPI Announces the Launch of The Shine House, India’s Biggest B2B Jewellery Hub
-
BrandBuzz4 hours agoMCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
-
JB Insights5 hours agoWomen Leaders Driving the Luxury Renaissance
-
National News9 hours agoSHINESHILPI Announces the Launch of The Shine House, India’s Biggest B2B Jewellery Hub
-
National News7 hours agoTalla Jewellers Successfully Hosts Free Health Checkup Camp with Fortis Escorts Amritsar and Live For Others Foundation
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.