Despite average gold prices rising 61 per cent YoY, demand remained resilient, supported by Akshaya Tritiya, regional festivals and the summer wedding season. Diamond jewellery sales increased 43 per cent YoY, with strong demand for lower-ticket products and the Everlite collection.

Construction of a new industrial project by China’s Zhejiang Jiansheng Group Co. Ltd, commercially known as JASAN Group, began in Egypt’s Qantara West Industrial Zone recently.
To be implemented in three phases, the project will comprise an integrated industrial complex covering spinning and weaving, readymade and sportswear manufacturing, seamless garments, socks, accessories, elastic fabrics and dyeing.

India plans to revamp its Gold Monetisation Scheme by involving jewellers, aiming to unlock household gold holdings estimated at 25,000-50,000 tonnes. Jewellers may get 0.75%-1% incentives, while cheaper domestic gold could lower financing costs. The scheme could reduce imports, which hit $71.9 billion in FY26. Trust, transparency and efficient gold tracking remain key challenges.

Bangladesh RMG exports fell 1.92 per cent to $3.886 billion in July 2026, the first month of fiscal 2026-27, EPB data showed.
Knitwear exports declined 0.90 per cent to $2.159 billion, while woven apparel dipped 3.16 per cent to $1.727 billion.
Home textiles rose 14.37 per cent to $77.86 million, but cotton and cotton products fell 14.42 per cent to $39.71 million.

Bata India announced a twenty-three percent profit increase for the June quarter. Operational efficiency and cost management significantly boosted the company’s earnings. Revenue from operations saw a four percent rise, driven by premiumization and volume. The company also declared an interim dividend of twenty-five rupees per share. Bata India continues its growth momentum for the third consecutive quarter.

Canada Goose Holdings Inc. has appointed Massimo Piombini to its Board of Directors, effective August 7, 2026.
Piombini brings over 35 years of leadership experience in luxury, fashion, and wellness, having held executive roles at major brands such as Diesel, Balmain, and Valentino.
His appointment is expected to strengthen Canada Goose’s global governance and support its long-term growth

Jordan has extended government funding for the Better Work programme for three years and raised its allocation to $7 million from $1.55 million.
The decision is expected to boost the garment industry’s competitiveness.
It comes at a time when labour standards, transparency and sustainability increasingly influence sourcing and investment decisions of buyers, the Jordan Chamber of Industry said.

RSWM Ltd and Noize Design Studio have formed a joint venture for premium apparel. LNJ NDS9 Global Private Ltd will focus on denim and activewear for international brands. The new facility will integrate Industry 5.0 principles and advanced sustainable technologies. Initial investment is Rs 186 crore, with phased production capacity increases planned.

India, Pakistan, Indonesia, Egypt and Morocco raised HS 61-62 apparel exports by 5.7 per cent to $41.68 billion in 2025, while China and Türkiye lost about $8.4 billion.
UNCTAD says announced greenfield projects in textiles, clothing and leather fell 35 per cent as global textile capacity utilisation was 71 per cent.
The next phase of diversification depends on capital following orders.

PC Jeweller shares rose sharply after Q1FY27 profit jumped 37% year-on-year and revenue grew 21%. The jewellery retailer also reported a sharp improvement in operating profitability, continued progress on debt repayment and increased FII holding. With plans to become debt-free and raise up to Rs 1,000 crore via QIP, key triggers remain.