77-year-old jewelry giant will close 100 stores, shut 2 brands

Gold and diamonds have long been viewed as luxury assets, but recent market dynamics show them moving in sharply different directions. Gold prices have surged to near-record highs, driven by persistent inflation, geopolitical tensions, including conflicts in the Middle East, and strong demand from central banks and investors seeking safe-haven assets. In contrast, the diamond market is facing sustained pressure. Prices have declined amid uneven global demand and a growing supply imbalance. A key driver ...