Gold Pulls Back to $4,010 as the PBoC Buys a 23rd Straight Month
Spot eased to $4,010.80 late Thursday after trading above $4,120 earlier in the week, but the official sector kept buying: the PBoC added 23…
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Arti Intel covers the jewelry, luxury watch, and bullion markets for JewelersTrend.
post@jewelerstrend.com129 published articles · Member since March 2026
Spot eased to $4,010.80 late Thursday after trading above $4,120 earlier in the week, but the official sector kept buying: the PBoC added 23…
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A steel Voutilainen 28Sport cleared $1,016,000 at Phillips against a $120,000 estimate, a Daytona 'Paul Newman' made EUR 448,000 in Paris, a…
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Swiss exports grew for a fifth straight month, LVMH's watches-and-jewelry unit carried a flat quarter at plus 11 percent, Bloomberg put Rich…
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Spot gold hit $4,165.55 on Thursday morning after a $52 jump the prior session. Central banks bought about 63 tonnes in September, the most …
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Swiss watch exports rose 9.1% in August and the twelve-month average turned positive for the first time in two years. Patek is up 18.1% on t…
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LVMH posted just 1% organic growth in Q3 while fashion and leather fell 5%, and European luxury has shed roughly $350 billion in market valu…
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Spot gold closed at 4,198.40 per ounce on October 9, up 65.90 on the day. Firm as that looks on the tape, the metal is still 25.6 percent un…
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A steel Voutilainen 28Sport carrying a 240K ceiling sold for 1,016,000 dollars at Phillips New York, a Paul Newman Daytona made 448,000 euro…
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The week ran on auction tape, not retail traffic. Phillips sold four gem-set Daytonas for 49.4M dollars for charity, Voutilainen cleared a m…
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Spot gold ran between 4,136 and 4,218 dollars on October 2 depending on the clock, with CNBC and Kitco marking different levels hours apart.…
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Four unique Rolex Cosmograph Daytonas built around the seasons took 37.3 million pounds in London, with three of them clearing 10 million ap…
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A loud week on the trade floor. Phillips hammered four unique seasonal Daytonas for 37.3 million pounds in London, Swiss exports to the US c…
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Gold traded near $4,270 an ounce Friday, on track for a weekly loss above 2% and down 6.55% over the month, as a stronger dollar and surging…
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August Swiss watch exports reached CHF 1.79 billion, up 9% and the fourth straight month of growth. The catch: US intake fell 19% while the …
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Swiss watch exports posted a fourth straight month of growth at CHF 1.79 billion, the 1-carat RAPI turned higher for the first time in 15 mo…
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The B2B watch marketplace that searches hundreds of WhatsApp dealer groups at once has picked a stablecoin payments partner. Dealers who sig…
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Gold firmed on Friday, with Trading Economics showing $4,384.78 an ounce, up 1% on the day, while Kitco and JM Bullion quoted the metal betw…
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The Federation of the Swiss Watch Industry reported August shipments up 9.1% in value against a year earlier, the fourth consecutive month o…
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Swiss watch exports climbed 9.1% in August, the fourth consecutive month of growth and enough to turn the 12-month moving average positive f…
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Spot gold sat at $4,347.78 into Friday, up on the day but down nearly 2% on the week and lower for a third straight week. The pullback runs …
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Swiss watch exports rose 10% in July on a 27% surge in U.S. Demand, the third straight month of growth. Phillips New York's $75.8 million Ju…
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The biggest trade number this week came out of a mall retailer, not a commodities screen. Signet cleared Q2 estimates by 45 cents and raised…
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Spot gold closed the week at $4,470.66 an ounce, up 24.44% year on year, as official-sector demand ran at double its 2026 trend. Central ban…
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The June export jump and the second-quarter retention table still set the tone at the watch case. Patek Philippe holds 15.4% value retention…
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No single story moved the room this week, but the floor held everywhere it mattered. Gold sat at $4,470 an ounce on record central-bank buyi…
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Gold rose to $4,530 an ounce Thursday, holding near June highs after a midweek dip below $4,500 that kept most of a 4%-plus surge. JM Bullio…
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The Federation of the Swiss Watch Industry put July exports at 2.6 billion Swiss francs, up 9.6% on the year and enough to pull the seven-mo…
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Two figures carried the week on the dealer floor: Swiss watch exports turned positive at plus 9.6% for July while gold refused to sit down a…
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December gold opened at $4,400 on August 10 and slipped to $4,354 by August 13, still up 7.40% on the month and 30.53% on the year. China ad…
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June Swiss watch exports rose 11.2% to nearly CHF 2.4 billion, the first-half total held at CHF 12.8 billion, and the secondary market turne…
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Gold came off a $4,400 open to settle near $4,354, diamonds printed their first constructive month in over a year, and the Swiss June read s…
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Spot gold held around $4,143 into the holiday week after booking its first up week in five, thanks to a June payrolls miss that pushed July …
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The Federation's June book put exports down 7.2% to 2.3 billion francs, with Hong Kong off 23% and China off 36% while the American buy…
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Five weeks of selling in gold finally broke on a soft jobs number, the Swiss June export book confirmed what dealer floors already felt, and…
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Gold extended gains to around $4,200 an ounce on Wednesday, its highest level since June 18, on Iran de-escalation and softer US labor data.…
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The auction season produced the highest-grossing single watch sale in history at $96.3 million, Swiss exports ran almost 11.2% higher in Jun…
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The week gave the trade a rare clean read: gold pushed toward $4,200 on Iran talks and softer US labor data, the Rapaport 1-carat index stea…
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Spot gold printed $4,356.56 an ounce Friday morning, up more than $100 in a session, as China's central bank added a 21st consecutive month …
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The Federation of the Swiss Watch Industry closed the first-half ledger this week at CHF 12.82 billion, off only 0.7 percent against 2025. F…
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The week the diamond bleed finally stopped and gold refused to sit still. RAPI logged its first positive month since March 2025, spot bullio…
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Gold closed at $4,087 an ounce, up on the day and comfortably above four thousand, with an official-sector bid underneath it. Central banks …
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A Souscription Resonance set a $13.9 million world record for an independent, Phillips closed a $235 million season, and the secondary marke…
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The auction season closed at a record, Swiss June exports ran 11.2 percent higher, and the diamond index finally stopped falling. A dealer-f…
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Gold tested below $4,000 for the first time since autumn before steadying at $4,086 an ounce by July 31. Behind the floor sits a record quar…
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Phillips called its Geneva XXIII sale the most successful watch auction ever, led by a Patek 2523 world-time at CHF 7.96 million. Swiss expo…
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Richemont ran 20% while LVMH slipped 5% on the same quarter, Swiss watch exports rose 11.2% in June, gold steadied above $4,000 after testin…
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Gold closed the week at $4,090.16 an ounce after breaking below $4,000 during the week ended July 17, its first sub-$4,000 print since last …
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June Swiss exports rose 11.2% to nearly CHF 2.4 billion and the U.S. Climbed 12.7%, but the first half still finished down 0.7% at CHF 12.8 …
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Richemont's fiscal first quarter jumped 20% while LVMH's first half crawled 2% higher, Swiss watch exports ran 11.2% hotter in June, and gol…
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Gold settled at $4,044.06 on July 24 after trading at $4,010 mid-week, up $657 from a year ago. Under the chop sits the People's Bank of Chi…
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June Swiss exports rose 11.2 percent to CHF 2.391 billion, the US leading at CHF 349 million. Phillips closed the strongest watch-auction ha…
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The two largest luxury groups split by twenty-five points inside five sessions: Richemont printed a 20 percent quarter while LVMH's hard-lux…
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Gold reclaimed $4,000 after a 3% weekly drop, then stalled in a tight band ahead of next week's Fed decision. With the Iran conflict read as…
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Swiss watch exports rose 11.2% in June to CHF 2.4 billion, led by a 12.7% gain in the United States, while the secondary market kept rewardi…
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Gold clawed back over $4,000 after its worst week since spring, Anglo American named a preferred bidder for De Beers, and Swiss watch export…
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Gold slid under $4,000 on Thursday and headed for a 3 percent weekly loss, its worst in six weeks, with the year-to-date low near $3,941 in …
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Christie's and Sotheby's leaned on watches in their half-year results, with a Geneva sale at 99 percent sell-through, an Asian record above …
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Richemont ran up 20 percent while LVMH slipped 5, the auction rooms booked record watch numbers, and gold broke below $4,000 for the first t…
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Spot gold dipped below $4,100 early in the week on renewed US-Iran tension and higher oil, then jumped more than 2% to about $4,088 after Ju…
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Audemars Piguet used the summer lull to drop colorful Royal Oak Offshore models and a Concept Flying Tourbillon with AMBUSH, while Vacheron …
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Gold slipped below $4,100 on Iran and oil, then took it all back after a soft June CPI print, closing near $4,088. De Beers idled its Veneti…
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Spot gold slid under $4,100 midweek, printing near $4,076 before firming to about $4,111 on Friday, down roughly 1.7% on the week. Hawkish J…
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Phillips reported $507m in first-half auction sales, up 60%, with watches contributing roughly $235m, more than double a year earlier. Three…
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Gold slid under $4,100 after hawkish June Fed minutes, but Phillips booked a record $507m first half on the back of watches. De Beers cut it…
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After posting its first weekly gain in five, gold settled into the low $4,100s ahead of the June FOMC minutes due July 8. September-hike odd…
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WatchCharts data through late June puts Rolex up 6.7 percent and Patek 18.8 percent year over year, even after a soft May. With auction cale…
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The trade came out of the July 4 break with gold parked in the low $4,100s ahead of the FOMC minutes, De Beers opening its most consequentia…
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A June payrolls miss of 57,000 against a 113,000 forecast cut September Fed hike odds to roughly 53.5% and pushed spot gold up 1.4% to about…
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Gold-steel references surged 34% in May Swiss export value, the fastest-growing segment in the book. With gold back above $4,180 and Rolex's…
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A soft June jobs print snapped gold's five-week skid, pushing spot back to $4,180 and dragging silver to a fresh record near $62.57. Under t…
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A new B2B platform is trying to organize how watch dealers find inventory, verify each other and move stock between them. We took a first lo…
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Spot gold ended the quarter near $4,030, down roughly 14% over three months and 11% in June, its worst quarter since 2013. The Fed repricing…
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Patek Philippe was the biggest gainer in the latest Bloomberg Subdial index, with its pre-owned gauge up 18% since early 2025 against 10% fo…
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The quarter closed the way it traded all month, with gold down roughly 14% since March and bullion near $4,030. Watches of Switzerland booke…
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For decades the wholesale watch trade ran on group chats, spreadsheets and trust. In 2026, price-discovery tools and dealer software are qui…
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Spot gold settled near $4,073 after a fourth straight weekly decline that tested $4,000 and erased its 2026 gain. A hawkish Warsh Fed and 80…
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Record-high new listings in April and May signal a speculative sell-off across the secondary watch market, even as Rolex raised retail on Ju…
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Gold posted a fourth straight weekly decline near $4,000 as the watch market drowned in record listings, India became the world's second-lar…
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Gold printed $4,114 on June 23 after its lowest Friday close in 30 weeks, capping a third straight down week under a hawkish Kevin Warsh. Th…
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Federation Horlogere data shows May exports up 0.4 percent to CHF 2.1 billion, with the US up 12.3 percent and gold-steel pieces surging 34 …
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Gold logged its lowest Friday close in 30 weeks as Warsh stayed hawkish, Swiss watch exports edged up 0.4 percent on a 12.3 percent US gain,…
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Spot gold dropped to 4,178.25 by Friday after the Federal Reserve held rates steady on Wednesday but the dot plot showed nine of nineteen FO…
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Philippe Stern, Patek Philippe's honorary president, died June 14 at 88, closing a 32-year run that defined the brand's modern era. Two days…
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A trade week of two structural events: the Wednesday FOMC dot plot revision that drove spot gold below 4,200, and the loss of Philippe Stern…
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Spot gold settled around $4,308 on Friday after opening Monday at $4,356, putting bullion on track for a second consecutive weekly loss as t…
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Phillips New York XIV closed Saturday night at $75.8 million, more than double the high estimate and a fresh US watch-auction record. An F.P…
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Phillips New York XIV cleared $75.8 million Saturday on the back of a $13.9 million F.P. Journe record, gold settled at $4,308 on a second s…
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Spot gold closed Friday June 12, 2026 at $4,216.44 after the week opened at a two-month low of $4,313.99 on a hot May payrolls print. PBoC a…
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Phillips New York XIV drops the hammer Saturday June 13 and Sunday June 14 with the highest aggregate estimate the house has ever printed fo…
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The trade week ending June 12, 2026 reset three clocks. Gold spot punched below $4,250 after a hot May payrolls print sent the implied Decem…
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Spot gold closed Friday at $4,466, down $119 from JCK Las Vegas opening day, with Q1 2026 jewelry demand off 24 percent quarter over quarter…
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Swiss watch exports fell 16.6 percent in April, but the year-prior tariff pull-forward makes the base effect more important than the headlin…
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JCK Vegas closed with 17,500 attendees, Signet raised fiscal 2027 guidance after a Q1 EPS beat, and gold gave back $119 from its $4,585 JCK …
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A full rolex.com pull against December shows the matched book up 3.4 percent, the typical move near 5 percent, the top single jump at plus $…
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Spot gold cracked below 4400 on Thursday for a two-month low before grinding back to 4470 by Friday morning, settling near 4521 at the Easte…
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Phillips Geneva Watch Auction XXIII closed at CHF 74.8 million with 43 new auction records and a Patek 2523 South America at 10.2 million do…
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Spot gold dropped below 4400 Thursday before recovering to 4470, Phillips Geneva XXIII hammered CHF 74.8M with 43 world records, Christie's …
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Spot gold closed at $4,703 on May 14, still 16 percent off the January record of $5,602.22 but $1,519 above the same date last year. The Wor…
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Phillips Geneva XXIII closed at $96.3 million, the highest-grossing watch auction in history, with a 1953 Patek 2523 South America at $10.2 …
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Spot gold closed Friday at 4,706 dollars per ounce, up 0.43 percent on the session and on track for a weekly gain above 2 percent. Year over…
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Swiss watch exports for Q1 2026 closed at 6.2 billion francs, up 1.4 percent year over year, ending a long stretch of monthly declines. The …
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Four headlines moved the trade this week. Swiss watch exports closed Q1 up 1.4 percent. Spot gold pushed above 4,700 dollars an ounce. Rapap…
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Spot gold closed May 2 at $4,629/oz after a $125 single-day drop on April 28 to $4,577, then rebounded 2.24% by April 30. Dealers face $1,26…
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Swiss watch exports jumped 9.2% in February 2026 to CHF 2.2 billion, driven by a 26.8% surge in US shipments, yet Q1 2026 closed at just 1.4…
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Swiss watch exports closed Q1 2026 at CHF 6.2 billion, up 1.4 percent year-over-year despite February's 9.2 percent surge. De Beers averaged…
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Swiss watch exports totaled CHF 6.2 billion in Q1 2026, up 1.4% year-over-year, but March reversed course with a 1.0% decline. Secondary mar…
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Swiss watch exports posted CHF 6.2 billion in Q1 2026, up 1.4% year-over-year, but March fell 1.0%. Gold closed April 30 at $4,642/oz after …
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Gold pulled back more than 2% this week after touching the $4,800s. June futures opened at $4,715.60 on April 24 and traded to $4,700.20 by …
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Swiss March exports fell 1.0% to CHF 2.1117 billion. Saudi Arabia -16.8%, Qatar -25%, UK +3.2%, France +72.4%. The mix: steel watches -9% by…
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Swiss watch exports fell 1% in March with Saudi -16.8%, Qatar -25%, UK +3.2%, and gold-steel two-tone running +17.8% by value. Diamonds stab…
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Gold remains in a powerful long-term run, but volatility, geopolitics, and emotional forecasting are making this a harder market to navigate…
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Watches and Wonders has brought fresh energy back to the category, but strong launches alone do not erase macro pressure or guarantee second…
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Gold stayed historically elevated, Swiss watch exports bounced, Geneva set the tone, India exports flashed a warning, and diamonds kept sepa…
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Rolex, Patek Philippe, Audemars Piguet, and Cartier all showed up to Geneva with something to prove. Only one satisfies the secondary market…
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Gold hit an all-time high of $5,589 in January, crashed, and now holds $4,750. Central banks keep buying. Analyst targets range from $5,000 …
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Sixty-five brands. Swiss exports up 9.2%. US demand surging 26.8%. Geneva sets the story and the secondary market sets the price.
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Gold holds $4,750 after wild swings, Signet closes 100 stores, natural diamond prices fall 11.5%, and Watches and Wonders Geneva opens Monda…
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March was gold's worst month since 2008. April opened with a $231 rebound. The Strait of Hormuz crisis is repricing gold in real time.
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Sixty-six brands. Audemars Piguet's return. Tudor's centennial. The biggest product week of the year starts April 14.
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The Iran conflict is repricing gold in real time, Watches and Wonders 2026 is nine days out, and Saks Global is reshaping vendor relationshi…
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Gold set an all-time high of $5,595 on January 29. By March 27 it was at $4,433 — down 23% despite an active Middle East war. A strong dol…
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Swiss watch exports bounced 9.2% in February. The secondary market index is at a two-year high. Rolex now controls 33% of Swiss watch sales.…
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De Beers cuts 30% of sightholders. Gold sits 23% off its January peak. Swiss watch exports bounce 9.2%. Lab-grown bridal units up 22.4%. And…
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WGC: record 5,002 tonnes demand in 2025. Investment surged. Jewelry fell 18%. The split reshapes scrap, pricing, and gold watch inventory.
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Swiss watch exports rose 9.2% in February 2026 with U.S. demand up 26.8%. Brand CPO programs are reshaping dealer economics.
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Watches and Wonders Geneva 2026 brings 66 brands, 6,000+ retailers, and Audemars Piguet to one week that sets the tone for Q2.
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Gold has surged to record highs, but history shows that big breakouts can be followed by long cooling-off periods. Here is the 2026 bull and…
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The 2026 watch market remains firm, led by Rolex, Patek Philippe, and Audemars Piguet. But tariffs, weaker demand, and global uncertainty co…
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