International News
US Watch and jewelry sales remain steady in March, overall increase of 0.4 percent
US Watch and jewelry sales remained steady in March, with a slight overall increase of 0.4 per cent, according to the latest US Department of Commerce figures. Jewelry sales rose slightly, while
Watch and jewelry sales in the US remained steady in March, with a slight overall increase of 0.4 per cent, according to the latest US Department of Commerce figures. Jewelry sales rose slightly, while watch sales dipped, as consumers opted for higher-priced items, but bought fewer of them.
In February overall sales increased by just 0.2 per cent and in January they fell by 1.0 per cent
The US government’s BEA (Bureau of Economic Analysis) reported a 0.7 per cent increase in consumer spending in March, the biggest increase for two years, but said it was largely driven by a rush to buy cars before US reciprocal tariffs forced prices up.
Watch and jewelry sales have been characterized by very modest increases in recent months, following on from a year of sustained growth – 10 per cent or more in some months – as shown below.
Reciprocal US tariffs – announced in April, then paused until July – will almost certainly hit sales, as producers forced to either absorb the costs or pass them on to consumers.
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
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