At IIJS Bharat Tritiya 2026, jewellers report steady raw material sourcing despite global volatility, with cautious sentiment prevailing; the industry, however, is closely monitoring geopolitical risks and pricing pressures, reports Khursheed Mistry.

Against the backdrop of global uncertainty, IIJS Bharat Tritaya 2026 reflects an industry that is balancing caution with business momentum, observes Khursheed Mistry.

Gold and silver exchange-traded funds declined up to 4% in India after crude oil prices surged and the US dollar strengthened, dampening bullion sentiment and delaying expectations of global interest-rate cuts.

Selective buying defined the Hong Kong International Jewellery Show 2026 as Southeast Asian and Indian buyers dominated attendance, large diamonds and coloured gemstones saw demand, while overall market sentiment remained cautious.

Silver surged above $100 per ounce for the first time ever, while gold reached record highs near $5,000, driven by strong safe-haven demand and tight physical supplies amid global economic uncertainties.

The global jewellery fraternity convened in Paris for the 2025 CIBJO Congress, where industry leaders, policymakers, and experts gathered to discuss the evolving landscape of the gem and jewellery trade.

Investment-led buying dominates festive season demand, with over 40 tons of gold sold in two days

In a significant escalation of trade tensions, former U.S. President Donald Trump has imposed a 25% tariff on all Indian exports, effective August 1, delivering a sharp blow to India’s diamond and jewellery sector. Adding to the disruption, Trump also announced an unspecified "penalty" tied to India's continued purchases of military equipment and oil from Russia.

Gold may surge up to 15% by December 2025 in a bullish scenario, reaching a peak of $3,839 per ounce, according to the World Gold Council (WGC).

India’s gems and jewellery exports took a significant hit in June 2025, recording a 14.25% year-on-year decline amid ongoing global economic challenges and geopolitical uncertainty

Titan Company reported a 19% year-on-year growth in revenue for the first quarter of FY26, buoyed by strong sales in its core domestic jewellery segment and a continued rise in gold prices. This marks a significant acceleration from the 9.3% growth reported in the same quarter last year

Kalyan Jewellers has reported a strong start to FY26, registering a 31% year-on-year increase in consolidated revenue for the first quarter, driven by robust festive and wedding demand across India and steady international performance

Gold prices have maintained a strong upward trajectory in 2025, largely supported by a sharp decline in the US dollar.

Gold prices are expected to remain on an upward trajectory in the second half of 2025, with projections suggesting a possible breach of Rs. 1 lakh per 10 grams, according to a recent market report