International News
US jewellery, watches sales up by 4.4 per cent year-on-year
Sales of watches and jewelry in the US showed further signs of growth in December 2024, up 4.4 per cent year-on-year, according the latest figures from the US Department of Commerce. But there’s been a marked slowdown since the 10 per cent increases of last September and October.
November saw sales up by just 3.0 per cent, revised down from 5.8 per cent based on actual through-the-till transactions rather than estimates. October has been revised up from 9.7 per cent to 10.0 per cent.
The average monthly year-on-year growth for the full year is 5.4 per cent, so December was little below par. Having said that, it was the 15th consecutive month of growth after a long period (the end of 2022 and much of 2023) of falling sales.
International News
MGA Strengthens Regional Gold Industry Cooperation Through Six MoUs At MGF 2026
MoUs With Industry Bodies From India, UAE, Vietnam, Cambodia, Uzbekistan and Laos Reinforce Regional Connectivity, Collaboration and Malaysia’s Ambition As A Gold and Jewellery Hub.
The Malaysia Gold Association (MGA) signed Regional Industry Memorandum of Understanding (MoUs) with six international industry associations during the Malaysia Gold Festival (MGF) 2026, held from 18–20 September at the Kuala Lumpur Convention Centre.
The agreements were signed with the India Bullion and Jewellers Association (IBJA) Ltd. , Dubai Business Group for Bullion & Gold Refinery, Vietnam Gold Traders Association (VGTA), Cambodian Jewelers Federation (CJF), Uzbekistan Jewelry Industry Association (UJIA) and Gold Jewelry Gem Association Laos (GJGAL).
The initiative aims to strengthen regional partnerships, industry collaboration and connectivity across the international gold and jewellery ecosystem. The MoUs add an important regional dimension to MGF 2026, which brought together approximately 70 local and international exhibitors spanning the gold and jewellery value chain.
MGF 2026 also featured business networking, industry forums, educational programmes and knowledge exchange, with MGA positioning the festival as part of its broader ambition to establish Malaysia as a regional gold trading and jewellery hub.
During the festival, Malaysia’s Ministry of Tourism, Arts and Culture (MOTAC) also explored collaboration with MGA on Malaysia-themed gold products, including a proposed gold card highlighting Malaysian tourism destinations.
MGA Strengthens Regional Gold Industry Cooperation Through Six MoUs At MGF 2026
GJC’s 10th Edition Of India Gem & Jewellery Show (GJS2026 Diwali Edition) To Shine Bright At Jio World Convention Centre, Mumbai From October 2–4, 2026
ICA-GemLab To Open India’s First Gemological Laboratory In Surat
Royal Chain Files Draft Papers For Rs 1,000-Crore IPO
GJC’s 10th Edition Of India Gem & Jewellery Show (GJS2026 Diwali Edition) To Shine Bright At Jio World Convention Centre, Mumbai From October 2–4, 2026
Vibrant Hues Of Celebration: Elevate Your Navratri Look With Kalyan Jewellers’ Huescape Collection
-
National News7 hours agoRoyal Chain Files Draft Papers For Rs 1,000-Crore IPO
-
ShowBuzz3 hours agoGJC’s 10th Edition Of India Gem & Jewellery Show (GJS2026 Diwali Edition) To Shine Bright At Jio World Convention Centre, Mumbai From October 2–4, 2026
-
National News4 hours agoVibrant Hues Of Celebration: Elevate Your Navratri Look With Kalyan Jewellers’ Huescape Collection
-
New Premises4 hours agoICA-GemLab To Open India’s First Gemological Laboratory In Surat
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.