Petra Diamonds lowers diamond production rate guidance

Diamond company Petra Diamonds has lowered its diamond production rate guidance for the current financial year through to FY24 in its half year operating results for FY23. The company stated a number of difficulties it faced in the first of the financial year as the reason for this decrease. Its…

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Engagement ring purchases increased in 2022, Queensmith reports

Jeweller Queensmith has released its 2022 engagement ring report, finding that the average person spent £6,500 on an engagement ring in the year, an increase from previous years. November was the most popular month to purchase an engagement ring last year, while Queensmith also noticed there was a growing trend…

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UK GDP beats expectations as it grows 0.1% in Nov

The UK economy unexpectedly grew by 0.1% in November as the World Cup helped boost restaurant and pub sales, according to the latest data from the Office for National Statistics (ONS). It comes as analysts had predicted a fall of 0.3% for the month and has raised hopes that the…

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Allied Gold appoints new head of luxury sales

Allied Gold has announced the appointment of Carol Sinfield as its new head of luxury sales. Sinfield has spent over 25 years working in the industry in roles ranging from consumer facing retail to European wholesale working in both British manufacturing and branded jewellery. Jerry Anderson, director, said: “This is…

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VRAI unveils 2023 engagement rings

Vrai has revealed its 2023 selection of engagement rings, made from platinum or 18k solid gold. Among the featured rings include a Graduated Band Round Brilliant 1ct ring, Five Stone Heirloom Emerald Ring (1.5ct), and a Duet Pear Half Pavé Ring (1.5ct). Vrai also allows customers to design their own…

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Maison Chaumet unveils latest additions to Liens collection

Jewellery house Maison Chaumet has announced new additions to its Liens collection for 2023. The new additions are named; Liens Evidence, Jeux de Liens and Jeux de Liens Harmony. Liens Evidence includes a rose gold and a white gold necklace and a connecting element similar to a “streamlined, suspended bridge”.…

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Fable and Mirth launches first handmade collection

Jewellery designer and homeware retailer Fable and Mirth has launched its first handmade jewellery collection. The collection was inspired by the 1960s when people designed jewellery to “stand out and make a statement”. The line is made up of a number of earrings and has been hand-produced with sustainable materials…

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Haute Jewels Geneva unveils four new brands for 2023 line-up

Haute Jewels Geneva has announced its return to the Fairmont Grand Hotel Geneva from Sunday 26 March to Sunday 2 April 2023, and will feature four new jewellery brands. The new jewellers set to join the line-up are Pasquale Bruni, Karen Suen, Busatti 1947 and Casato. In addition, all 18…

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Retail sales rise 6.9% over Christmas

The BRC has reported that sales on a total basis increased by 6.9% in December 2022, compared with the prior increase of 2.1% in December 2021. These figures are said to be above both the three-month average growth of 4.4% and the 12-month average growth of 3.1%. Meanwhile, the UK’s…

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Miphologia launches on Selfridges online

Jewellery designer Miphologia has announced that it has launched products on Selfridges online store alongside La Maison Couture. The launch includes a number of gold and silver rings, earrings and necklaces inspired by mythology. All of its jewellery is crafted in solid 925 silver with 18ct gold vermeil and rhodium.…

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