What will happen to luxury spending this winter?

Revenues in the jewellery industry have amounted to $4.03bn (£3.53bn) in 2022, with the market expected to grow annually by 5.6%, according to Statista. The global jewellery market size is expected to reach $518.9bn (£454.87bn) by 2030 and expand at a CAGR of 8.5% from 2022 to 2030, a report…

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John Hardy appoints first creative chairman

John Hardy has appointed Reed Krakoff, former chief artistic officer at Tiffany and Co, to the newly created role of creative chairman, as well as strategic advisor to L Catterton, John Hardy’s majority shareholder. In his new role, Krakoff will oversee the creative and artistic direction of the business with…

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Hallmarking rises 13.1% in August

The total number of hallmarked pieces during August rose by 13.1% to 886,746, up from 784, 078 from last year, according to the latest figures from the four UK Assay offices. However, the number of gold pieces fell slightly, down -0.3% from 365,664 to 364,652. Silver saw the only jump,…

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Queen’s death sees return of Platinum Jubilee Mark

The four Assay Offices of the UK have announced that the Platinum Jubilee Mark will be made available again from 20 September, following the death of Queen Elizabeth. The announcement comes after consultation with the King’s Assay master and the mark, which was created in celebration of the Queen’s Platinum…

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IEG, Vicenzaoro September: 20% more foreign visits than in 2019

Vicenzaoro September closes its 2022 edition by recovering and  surpassing pre-pandemic results. The overall number of visits was up 10% compared to 2019 with an explosion  of foreign attendances showing an increase of 20%. Over half of the total attendance was international (51%),  rom 124 countries worldwide.  To date, total…

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Birmingham Assay Office chair Carol Brady to step down

The Birmingham Assay Office has announced its chair, Carol Brady MBE, will step down from the role in October 2022, and Russell Jeans will take over as designated chair. Brady joined the Birmingham Assay Office as a guardian in 2014 and was elected chair in 2018. The Assay Office said…

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Inflation falls in August but remains near 40-year high

UK inflation eased slightly in August to 9.9%, down from 10.1% in July, but remains near a 40-year high as prices continue to rise, according to the latest figures from the Office for National Statistics (ONS). On a monthly basis, CPI rose by 0.5% in August 2022, compared with a…

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Dimexon joins the Watch and Jewellery Initiative 2030

Dimexon has joined as a member of the Watch and Jewellery Initiative 2030, a global initiative founded by luxury groups Kering and Cartier. The Watch and Jewellery Initiative 2030 was launched in October last year, and its mission is to unite companies in the industry to work collaboratively towards ethical…

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NAJ partners with Sheffield Assay Office for futures event

The National Association of Jewellers (NAJ) and Sheffield Assay Office have announced Striking Futures, a new collaborative event designed to help businesses and students get ahead in the jewellery industry. The event will take place on 3 November, and features a hallmarking presentation from Kerry Gregory of Gemmology Books, a…

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Petra Diamonds FY22 revenues jump 44% to $585m

Petra Diamonds has announced its revenues grew 44% year-on-year from $406.9m (£347.5m) to $585m (£499.6m) for the year ended 30 June 2022 (FY22). This comprises revenues from rough diamond sales of $584.1m (£498.8m) and additional revenues from profit share agreements on partnership stones of $1.1m (£939k). The increase in revenues…

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