India-US tariff cut to 18% reshapes US gems sourcing margins
India‑US trade deal cuts tariffs to 18%, lowering landed costs for textiles, gems and pharma. US jewelers could gain margin relief and sourcing flexibility.
India‑US trade deal cuts tariffs to 18%, lowering landed costs for textiles, gems and pharma. US jewelers could gain margin relief and sourcing flexibility.
Maximize Market Research’s press release on openPR outlines lab‑grown diamonds trends and growth opportunities through 2026–2032 — strategic implications for pricing and retail margins.
Spot gold slid 5.2% to $4,613.99/oz Feb 2 after CME margin hikes and Kevin Warsh nomination — immediate pressure on US jewellery margins and pricing.
Gold fell 2.3% to $4,754.51/oz after a CME margin hike intensified selling tied to Kevin Warsh’s Fed nomination, trimming a near‑10% plunge.
Gold slipped 1.5% to $4,793.97/oz on Feb 2 as a firmer dollar and Kevin Warsh’s Fed signals weighed on demand — a near-term margin and sourcing concern for US jewelry firms.
A sharp gold and silver sell‑off this week disrupted Manhattan’s Diamond District, forcing dealers to price by touch and to reshuffle inventory, margins and quotes.
Kalyan Jewellers India rose 5.46% to reach Rs 375.5 on Feb 1, 2026 — a notable intraday move that could shift investor positioning in Indian jewellery equities.
Budget 2026 lifted Kalyan, Titan and Senco Gold shares up to 5%; MCX gold futures recovered from ₹1.38 lakh to ₹1.49 lakh per 10g—implications for inventory and margins.
Titan and Kalyan shares fell after Budget 2026—Kalyan hit a day low of Rs 355.15, Titan traded at Rs 3,937.95. Thangamayil and Golkunda also saw intraday declines up to 6%.
Chennai spot gold fell Rs950/gm after a morning spike to Rs16,200; silver also retreated from Rs415/gm. Near‑term volatility poses pricing and margin risk for traders.
Gold fell 8.9% to $4,915.17/oz on Jan 30, its steepest daily loss since 1983 as the dollar strengthened after the U.S. Fed‑chair pick; silver faced a record selloff.
Gold tumbled more than 8% to briefly slip under $5,000 as the dollar strengthened ahead of Trump’s Fed pick; bullion nonetheless poised for its biggest monthly gain since 1982.