International News
US jewellery sector continues contraction, sees 3.4% yoy decline:JBT
The US jewelry sector continues its contraction, registering a 3.4% year-on-year decline in the total number of retail, wholesale, and manufacturing businesses, according to the latest data from the Jewelers Board of Trade (JBT). The sector has shown a consistent quarterly decline since at least Q3 2024, suggesting persistent structural challenges. Notably, the sharpest reduction in Q1 2025 was seen among manufacturers, while retailers and wholesalers also reported significant drops despite new business openings.
Key Findings–Overall Business Contraction:The total number of businesses fell by approximately 800 to 22,330 — a 3.4% decrease year-on-year.
Previous quarters reported similar declines:Q3 2024: -3.3%,Q4 2024: -3.2%
Despite the overall decline, 68 new retail jewelers opened during Q1 2025, showing some resilience and entrepreneurial activity in pockets of the sector.
The US jewelry sector is in a state of managed decline — not a collapse, but an ongoing reduction driven by structural changes in production, distribution, and consumer behavior. The steady quarterly decline suggests that without substantial adaptation, the number of businesses will continue to shrink.
International News
WGC Outlook 2026: Geopolitics, Growth Risks and Rate Shifts to Steer Gold’s Next Move
Gold’s 2026 trajectory hinges on economic shifts, policy outcomes and global stability, says the latest WGC outlook.
Gold is up by more than 60% y-t-d and is gearing up to have one of its strongest annual performances in decades. Investment demand has been one of the key drivers, in response to a highly charged geopolitical environment, a weaker US dollar, and positive price momentum. At the same time, central bank demand remains strong. Combined, their effect has more than offset any weakness seen in jewellery.
Looking to 2026, the outlook is shaped by ongoing geoeconomic uncertainty. The gold price today reflects consensus expectations for next year, but the global economy rarely ever plays out as planned.
Against this backdrop, our analysis shows that:
If economic growth slows and interest rates fall more than expected next year, gold could see gains between 5% and 15%.
In a more severe downturn marked by rising global risks, gold could see a marked increase between 15% and 30%.
Conversely, a successful outcome from policies set by the Trump administration would accelerate economic growth, reduce risk and push gold down between 5% and 20%.
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WGC Outlook 2026: Geopolitics, Growth Risks and Rate Shifts to Steer Gold’s Next Move
WGC Outlook 2026: Geopolitics, Growth Risks and Rate Shifts to Steer Gold’s Next Move
GJEPC Conducts Intensive Training for Customs Officials in Kolkata to Strengthen Gem & Jewellery Appraisal
GJEPC & BDB Host High-Impact Customs Open House as Trade Flags Critical Valuation & Procedural Challenges
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International News6 hours agoWGC Outlook 2026: Geopolitics, Growth Risks and Rate Shifts to Steer Gold’s Next Move
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National News6 hours agoGJEPC Conducts Intensive Training for Customs Officials in Kolkata to Strengthen Gem & Jewellery Appraisal
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National News6 hours agoGJEPC & BDB Host High-Impact Customs Open House as Trade Flags Critical Valuation & Procedural Challenges
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National News7 hours agoGJEPC Delhi Outreach Boosts Clarity on Bullion Procurement & MSME Support
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