{"id":34863,"date":"2026-01-21T10:48:19","date_gmt":"2026-01-21T05:18:19","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=34863"},"modified":"2026-01-27T11:53:16","modified_gmt":"2026-01-27T06:23:16","slug":"upbeat-sentiment-at-vicenzaoro-despite-tariff-worries-surging-metals-prices","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/upbeat-sentiment-at-vicenzaoro-despite-tariff-worries-surging-metals-prices\/","title":{"rendered":"Upbeat Sentiment at Vicenzaoro Despite Tariff Worries & Surging Metals Prices"},"content":{"rendered":"

Vicenzaoro\u00a0(January 16-20)\u00a0saw big crowds of visitors and sentiment was upbeat despite worries over soaring precious metals prices and US tariffs.<\/span>\u00a0<\/span><\/p>\n

Visitors\u00a0from around the world\u00a0were delighted to meet old friends and colleagues and to discuss the outlook for trade as the new year got under way.<\/span>\u00a0<\/span><\/p>\n

The big talking points were US tariffs, with Indian exporters\u202fvoicing concerns over an\u00a0additional\u00a025%\u00a0\u00a0US\u00a0tariff to be applied to India because of its trade links to Iran, bringing the total tax up to 75%.<\/span><\/p>\n

\"\"<\/p>\n

Indian-owned exporters were spread across Hall 3.1. One business attributed a drop in the number of pre-booked appointments with retailers, compared to previous editions, to uncertainties surrounding the tariffs.<\/p>\n

\u201cUS tariffs are complicating business,\u201d said Dhairya Shah of jewellery manufacturer Ariha.\u202f<\/span>\u00a0<\/span><\/p>\n

India has reported a 44%\u00a0year-on-year drop\u00a0to 3.86 billion dollars\u00a0in gemstone and jewellery exports\u00a0to the United States\u00a0in the period from April to December 2025, as US tariffs were implemented.<\/span>\u00a0<\/span><\/p>\n

Other jewellery exhibitors, including Shri\u00a0Arihant Mangal, reported solid enquiries at the show from US and European retailers for laboratory-grown diamond jewellery.\u00a0\u201cIt has been a good show for us. We have seen strong enquiries for lab-grown\u00a0jewellery,\u201d said Vikas Baid, managing director of Jaipur-based Shri Arihant Mangal.<\/span>\u00a0<\/span><\/p>\n

A number of\u00a0suppliers were offering more lightweight jewellery in response to buoyant and volatile gold prices.<\/span>\u00a0<\/span><\/p>\n

Domino Jewellery, a manufacturer based in Birmingham, UK, has introduced an option of super lightweight wedding rings in response to the precious metals rally, and is seeing more customer uptake of 14-karat gold jewellery instead of 18-karat in some market segments in the UK and continental Europe, Export Manager Amber Saunders said.\u00a0<\/span>\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Michael Hakimian, managing director of Yoko London, reported strong business at\u00a0Vicenzaoro, and spoke of robust demand for fine jewellery set with white cultured pearls.<\/span>\u00a0<\/span><\/p>\n

Vicenzaoro\u00a0featured\u00a0a number of\u00a0discussion panels, as part of its strategy to share knowledge on topical issues.<\/span>\u00a0<\/span><\/p>\n

Key takeaways of a CIBJO, World Jewellery Confederation, panel on AI, was that gem labs could shed diamond grading jobs as fast-developing technologies introduced efficient innovations.<\/span>\u00a0<\/span><\/p>\n

Another CIBJO panel concluded that more effective marketing will be required to boost sales of natural gemstone-set jewellery, as the industry faces challenges such as soaring and volatile precious metals prices, US tariffs, and increased visibility of synthetic gemstones against a backdrop of rising laboratory-grown diamond jewellery sales, notably in engagement ring markets in the U.S. and U.K.<\/span>\u00a0<\/span><\/p>\n

A trade source at\u00a0Vicenzaoro\u00a0spoke of recent enquiries to a manufacturer for silver jewellery with laboratory-grown diamonds, by retailers who had previously sought 9-karat gold jewellery combined with natural diamonds. This was their response to soaring bullion prices.<\/span>\u00a0<\/span><\/p>\n

Many brokerages have forecast further increases in both gold and silver prices in 2026, underpinned by \u201csafe haven\u201d investor buying. Silver is seeing rising industrial demand amid tight inventories.\u00a0<\/span>\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Last year, gold\u00a0prices\u00a0surged 64.4%, silver was up 147%, and platinum jumped 125%. Bullion touched fresh record highs in January.<\/span>\u00a0<\/span><\/p>\n

Other CIBJO panels explored sustainability trends in 2026, and presented an initiative\u00a0called Gold Principles\u00a0aimed at implementing responsible standards along the gold supply chain.<\/span>\u00a0<\/span><\/p>\n

Even as the show\u00a0drew to a close, crowds piled into the corridors, auguring for resilient trade in 2026 despite the challenges in the current business environment.<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Vicenzaoro\u00a0(January 16-20)\u00a0saw big crowds of visitors and sentiment was upbeat despite worries over soaring precious metals prices and US tariffs.\u00a0 Visitors\u00a0from around the world\u00a0were delighted to meet old friends and colleagues and to discuss the outlook for trade as the new year got under way.\u00a0 The big talking points were US tariffs, with Indian exporters\u202fvoicing…<\/p>\n","protected":false},"author":16,"featured_media":34864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[91,112],"tags":[],"thb-sponsors":[],"class_list":["post-34863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-international"],"acf":[],"yoast_head":"\nUpbeat Sentiment at Vicenzaoro Despite Tariff Worries & Surging Metals Prices - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/upbeat-sentiment-at-vicenzaoro-despite-tariff-worries-surging-metals-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upbeat Sentiment at Vicenzaoro Despite Tariff Worries & Surging Metals Prices - 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