The Company of Master Jewellers (CMJ) has announced that it will be suspending its membership fees in an effort to support retailers financially.
The fee suspension is set to last throughout January, February and March for all members in the UK and Ireland.
Last year, membership fees were suspended for four months following the first national lockdown in March.
News of the second fee suspension follows the jewellery and watch buying group’s announcement in November 2020 that it will be bringing forward its retrospective rebate payment for full members.
Rebate payments were made in December 2020, seven months earlier than normal, and CMJ associate members received a one-off ex-gratia payment.
Emmet Cummins, managing director of the CMJ, said: “As further forced government restrictions were introduced just as retailers were entering their busiest trading period, we recognise that it is unlikely to be business as usual for some months to come.
“For this reason, we decided to once again provide financial assistance to our members. We hope this gesture will go some way towards supporting their businesses.”