International News
US jewellery consumption could reach record high on Valentine’s Day:NRF
Valentine’s Day consumer spending demonstrates sustained growth momentum, with total projected expenditures of $29.1 billion in 2026 compared to $27.5 billion in 2025. This represents the highest spending level recorded since the NRF and Prosper Insights & Analytics initiated their annual Valentine’s Day consumer survey two decades ago. More than half of US consumers indicated plans to participate in Valentine’s Day celebrations, with the average shopper expected to spend approximately $200 per person, a 6% increase from the prior year and exceeding the previous peak of $196 established in 2020.
- Market Leadership: Jewellery tops revenue despite 25% purchase intent (vs. higher for candy/flowers); average spender plans ~$200/person (up 6% from $196 peak in 2020), with >50% of US consumers celebrating.
- Recipient Shifts: Romantic partners drive $14.5B (down 0.7%); family gifts rise 4.7% to $4.5B; friends (1/3 of buyers), kids’ teachers/classmates (27%), colleagues (21%) stable; pet gifting surges 24% to $2.1B record.
- Demographic Drivers: Middle/upper-income groups expand gifting to broader networks, boosting spend per gift and recipient count amid stable participation.
- Category Breakdown: Candy (56%), flowers/cards (41% each), dining (33%), jewellery (25%)—but jewellery’s premium pricing secures #1 revenue spot.
- Channel Mix: Online leads at 38%, followed by department stores (34%), discount (30%), specialty (21%), favoring omnichannel strategies.
- Strategic Opportunities: Jewellery retailers should target non-romantic lines (e.g., friendship/family pieces), optimize inventory/marketing, enhance e-commerce, and leverage 8% category growth outpacing overall market.
International News
Sabyasachi, The Metropolitan Museum Of Art Partnered For A Multi-Year Collaboration
The Line Bridges Historic Met Artifacts With Modern Luxury, Weaving Human Themes Of Love, Mortality, and Family Into Extravagant High Jewelry.
Nearly two decades after making his New York runway debut, renowned Indian designer Sabyasachi Mukherjee is set to return to New York Fashion Week on September 15, 2026, unveiling the first chapter of a multi-year collaboration with The Metropolitan Museum of Art (The Met).
The partnership will debut with an exclusive six-piece high jewellery collection inspired by the museum’s extraordinary holdings of art, sculpture and material culture. The collection reflects Sabyasachi’s belief that history is not static, but continues to evolve as it travels across cultures and generations.



Comprising three necklaces, two wrist cuffs and a pair of earrings, the collection draws from Byzantine and Roman influences while translating historic iconography into contemporary luxury. Crafted in 18k and 22k gold, the pieces feature round brilliant-cut diamonds alongside jade, tourmaline, lapis lazuli, jasper and onyx.
The designs take inspiration from Imperial Roman statuary, ancient medallions and religious artefacts housed in The Met. Among the standout creations is a pendant necklace based on an Imperial Roman marble sculpture depicting a family, inspired by a 2nd–3rd century CE Roman funerary relief from Thrace. Another notable piece is an asymmetrical tiger-claw necklace influenced by the intricate decoration of a 12th-century casket.
Rather than simply recreating historical objects, Sabyasachi reinterprets them through the lens of modern high jewellery, weaving universal themes such as love, mortality and family into each creation.


The New York presentation marks the beginning of a long-term creative dialogue between Sabyasachi and The Met, bringing together Indian design sensibilities and one of the world’s most celebrated museum collections in a collaboration that bridges heritage, craftsmanship and contemporary luxury.
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