Gold down 1.5% to $4,793.97 — dollar tests US jewelry margins
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.
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.
Celebrities reviving archival couture — Kim Kardashian’s ownership of “arguably the most important dress of the 21st century!” is renewing U.S. interest in estate and vintage jewels.
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%.
Swatch-owned Harry Winston, founded 1932 and nicknamed ‘King of Diamonds,’ preserves a diamond-first design legacy with clear implications for retailers and collectors.
Smash‑and‑grab in Southern California escalated to a police chase and SWAT manhunt, injuring bystanders — a near‑term security and insurance risk for jewelers.
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.
Heidi Bivens has partnered with Catbird on an eight-piece fine jewelry collection inspired by Euphoria and David Lynch— a limited, cinema-driven release aimed at collectors.