Two very different corners of the jewellery world made news this week. In Europe, Gucci’s latest High Jewellery collection drew attention for turning the house’s best-known motifs into coloured-gem showpieces. In India, jewellers are heading into the busy festive and wedding season with gold prices still high and shoppers changing what they buy.
Gucci turns flowers and rope into gemstones
As Remix magazine and the trade title JCK report, the collection under creative director Demna is split into four families: Gucci Flora, Gucci Nodo, Everlasting G and Iconic Signatures. Flora goes back to the floral scarf that illustrator Vittorio Accornero drew in 1966 as a gift for Grace Kelly. Here, poppies are made of titanium set with rubies and rubellites, the lily of Florence appears in graduated blue sapphires and diamonds, and an orchid suite uses pink sapphires from Madagascar.
Nodo reworks Gucci’s 1960s rope motif into soft, flexible chains in sea colours. According to JCK and Whitewall, the pieces mix aquamarines, Colombian emeralds and Paraíba tourmalines, while darker versions use black diamonds, black ruthenium and yellow sapphires. Everlasting G stretches the double-G into a geometric diamond pattern with green tourmaline and, as VO+ notes, red spinels. If those colours appeal, our ruby rings, sapphire rings and aquamarine pendants show the same stones on a much smaller scale.
India’s festive season meets high gold prices
The Economic Times reported on 8 October that gold futures in India were trading close to ₹1.5 lakh per 10 grams, while spot gold was around $4,133 an ounce after touching a two-month low. That is well below the peak of early 2026, according to The Indian Express, but still higher than last year’s festive season.
Jewellers told CNBC-TV18 they expect people to keep buying, but with more focus on value: lighter and lower-carat pieces, jewellery that can be worn for many occasions, and old-gold exchange schemes. Coloured gemstones and pearls with verified origins are also said to be gaining interest. World Gold Council figures quoted by the broadcaster show Indian jewellery demand fell 15% year on year to 75.1 tonnes in the second quarter of 2026, even as the value of jewellery demand in the first half rose 26% to $21 billion.
New festive launches reflect tradition too. BusinessLine reports that Indriya, the Aditya Birla Group’s jewellery brand, has released Padmika, a 22-carat gold collection inspired by the goddess Lakshmi, with pink Gulabi Meenakari enamel from Banaras. For a touch of the red and pink tones seen in both stories, have a look at our spinel rings.
Sources: Remix magazine, “Gucci’s High Jewellery collection reimagines the House’s iconic codes” (7 October 2026); JCK, “Gucci Brings Stunning Colored Gems to Floral, Nautical, and Horsebit Motifs in New High Jewelry”; Whitewall; VO+ magazine; The Economic Times (8 October 2026); The Indian Express; CNBC-TV18, festive season outlook and gold market reports citing the World Gold Council; BusinessLine (5 October 2026).
