At Almasa Alfakhira, we mark Friday June 19 as a defining day for the fine gold and diamond jewellery market. Today, in Switzerland, the United States and Iran formally sign the peace deal that ends nearly four months of war. Gold stands at approximately $4,300 per ounce, having navigated a week that included both a hawkish Federal Reserve and the collapse of oil prices toward $78 per barrel as peace approached. For the discerning buyer of fine jewellery, this historic day signals the start of a more confident new chapter.
Today’s prices:
24K: ~$137.52/gram | 22K: ~$126.06/gram | 21K: ~$120.31/gram | 18K: ~$103.14/gram
For nearly four months, the fine jewellery market lived under the uncertainty of war. Many of our most discerning clients chose to wait — deferring the diamond-set bridal collections, the statement necklaces, the investment-grade pieces — until the direction of the market became clear. With the peace deal now signed and the war formally ending today, that clarity has arrived, and the luxury market is entering a period of renewed confidence.
Understanding this week’s market: Gold experienced two opposing forces. On Wednesday, the Federal Reserve under new Chair Kevin Warsh signalled a more hawkish stance — projecting possible rate increases this year — which briefly pressured gold. But the peace deal and the dramatic fall in oil prices, with Brent dropping to a three-month low near $78, point toward easing inflation in the months ahead. As inflation falls, the conditions that suppressed gold during the war will reverse, allowing gold’s structural strengths to reassert themselves.
For the fine jewellery connoisseur: The 18-karat and 22-karat gold that forms the foundation of exquisite diamond-set pieces offers the ideal balance of purity and the structural integrity required to secure precious stones. With gold currently 23% below its January record of $5,589, and every major institutional forecast pointing substantially higher — Goldman Sachs at $5,400, J.P. Morgan near $6,000, UBS at $5,500, Morgan Stanley at $5,200 — acquiring fine pieces in this window represents a considered decision for both beauty and lasting value.
The foundation beneath fine gold has never been stronger. Central banks purchased 244 tonnes of gold in the first quarter of 2026 alone, with China adding to its reserves for 17 to 18 consecutive months, and the World Gold Council’s 2026 survey found 45% of central banks intend to buy more over the coming year. This steady official demand underpins the enduring value of every fine gold creation.
One practical note for today: US markets are closed for the Juneteenth holiday, resulting in quieter trading and the potential for sharper price movements. We invite you to confirm current pricing with us directly. Almasa Alfakhira welcomes you to explore our collection as the market enters this hopeful new chapter, with peace restored and gold’s long-term foundations firmly in place.
Today’s prices: 24K — $137.52/gram | 22K — $126.06/gram | 21K — $120.31/gram
All prices USD. Indicative only. US markets closed for Juneteenth. Please confirm final pricing in store.
