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Tiffany & Co. Acquires Historic Titanic Pocket Watch for $1.97 Million

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Tiffany & Co. has set a new record with the acquisition of a rare 18k gold pocket watch for $1.97 million. The timepiece, once owned by Captain Arthur H. Rostron of the RMS Carpathia, was a gift from three Titanic survivors—Mrs. John B. Thayer, Mrs. John Jacob Astor, and Mrs. George D. Widener—who expressed their gratitude for his heroic efforts in rescuing passengers after the Titanic sank.

The pocket watch, purchased from Henry Aldridge and Son Ltd., is engraved with a heartfelt message from the survivors and features the monogram “AHR” on its caseback. This historic artifact honors Captain Rostron’s courage and pivotal role in saving hundreds of lives. Christopher Young, Vice President of Creative Visual Merchandising at Tiffany & Co., emphasized the significance of the acquisition, stating that it highlights the brand’s long-standing connection to history and its role in the luxury world.

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MCX Gold Surges Past Rs 1.50 Lakh, Rally Builds On Optimism Over Potential Middle East Truce Talks

Rally Signals A Cautious But Firm Upward Trend In Global Markets.

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On April 1, 2026, India’s Multi-Commodity Exchange (MCX) witnessed a notable uptick in gold futures, with prices climbing 1.02% to Rs.1,52,298 per 10 grams for 24-carat purity, surpassing the Rs.1.50 lakh threshold. Silver followed suit, edging up 0.35% to Rs.2,41,736 per kilogram for 999 purity. Internationally, spot gold advanced 0.58% to $4,674 per ounce, while silver dipped marginally by 0.17% to $74.79 per ounce. These movements reflect a market gripped by caution, as investors parse the interplay of escalating crude oil prices, a resilient U.S. dollar, and constrained energy supplies—counterbalanced by tentative signals of de-escalation in West Asia from U.S. and Iranian diplomatic channels.

This gold rally builds on Tuesday’s gains, fueled by optimism over potential Middle East truce talks. Yet, the broader narrative reveals underlying pressures: bullion has plummeted over 13% this month alone, charting its sharpest monthly decline since October 2008. A fortified dollar has eroded affordability for non-U.S. currency holders, while surging energy costs have eroded prospects for U.S. Federal Reserve rate cuts in 2026, dampening safe-haven demand. The dollar’s slight easing offers some relief, rendering dollar-denominated commodities more accessible globally. Quarterly, gold remains modestly ahead by about 5%, underscoring its resilience as a hedge despite short-term headwinds.

For stakeholders in India’s gems and jewellery sector—particularly MSMEs reliant on precious metals imports—these dynamics demand a vigilant strategy. A stronger rupee against the dollar could mitigate input costs, but persistent West Asian volatility risks supply chain disruptions and inflated hedging expenses.

Domestic fabricators and exporters should monitor Iran-U.S. negotiations closely, as de-escalation could stabilize crude benchmarks and revive rate-cut hopes, potentially lifting silver’s industrial demand in electronics and solar applications. Forward contracts on MCX and diversified portfolios blending physical bullion with digital gold alternatives emerge as prudent tactics. As energy transitions reshape global trade, precious metals’ dual role as both barometer and bulwark positions them centrally in the evolving jewellery market landscape.

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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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