The Jewel360 State of the Jewelry Industry Report reveals that while jewelry retail revenue is up, this growth is primarily due to higher prices, particularly for gold, rather than increased sales volume. Lab-grown diamonds are now a dominant force in bridal sales, and gold prices are driving a surge in heirloom redesigns. Jewelers face challenges like rising material costs but remain optimistic about future growth, leveraging digital discovery and in-person transactions.

Two individuals were apprehended following an attempted break-in at a jewelry store in Laurel, Maryland. The suspects used a circular saw to gain entry, but the store's alarm system alerted the owner, who then contacted authorities. A vigilant anti-burglary unit from Prince George's County Police, patrolling nearby, quickly identified the suspects' vehicle, leading to their arrest. This incident marks the second attempted theft at the family-owned establishment in two years.

India's gem and jewellery exports are navigating the new U.S. Section 301 tariff regime, which imposes a 10% additional duty. Despite this, India gains a 2.5% tariff advantage over competitors like China and Vietnam due to its ban on forced labor imports. The Gem & Jewellery Export Promotion Council (GJEPC) is advocating for further tariff relief and a bilateral trade agreement with the U.S. to enhance competitiveness, particularly for natural diamonds and colored gemstones.