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
Panjshir emerald industry surges, demand drives record $6.1m in gemstone sales
For a country impoverished by years of war and burdened by international sanctions, the trade in precious minerals is a valuable resource, especially in the remote corner of northeastern Afghanistan.
The Panjshir Provincial Directorate of Mines in Afghanistan today announced record-breaking growth in its gemstone sector, driven by strong international buyer demand and increased regional extraction activities.
Following its 23rd successful public commercial auction of the year, cumulative emerald sales in Panjshir have reached nearly 400 million Afghanis ($6.12 million USD), marking a steep year-over-year increase in trade revenue. The latest auction saw close to 3,000 carats of high-grade emeralds awarded to competitive regional and international bidders.
Strong Market Fundamentals & Regional Economic Impact
The Panjshir gemstone sector continues to serve as a pivotal economic engine for the region:
- Workforce Expansion: Over 15,000 workers are currently employed across artisanal and small-scale operations throughout the Panjshir Valley.
- Uncapped Resource Potential: Provincial authorities have identified more than 2,000 prospective mining sites suitable for immediate modern development and investment.
- Macroeconomic Contribution: Boosted by mining rights auctions and natural resource commercialization, total state revenue saw a 22 percent year-on-year surge entering Q2 2026, according to World Bank metrics.
“Panjshir emeralds are globally recognized for their exceptional purity and cut quality, securing a premium valuation across international markets,” said Ghulam Mustafa Habibi, a prominent regional gem merchant.
Strategic Strategic Partnership & Infrastructure Opportunities
To further modernize extraction and capture downstream value, local leadership is actively courting foreign direct investment and technical partnerships. Recent regulatory agreements have attracted venture capital and technical stakeholders across Asia and the Middle East to develop Afghanistan’s broader mineral portfolio.
Strategic priorities for the sector include:
- In-Country Processing Infrastructure: Establishing a centralized processing and standardization hub in Kabul to refine raw gemstones prior to export.
- Modernization & Modern Equipment Deployment: Transitioning operations from traditional manual extraction to industrial-grade technology to maximize yield and operational safety.
- Global Market Integration: Developing direct supply pipelines to major international gem-cutting and retail hubs.
Panjshir emerald industry surges, demand drives record $6.1m in gemstone sales
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