Jewellery customers lower average purchases

Jewellery customers have lowered their average purchases in recent months as interest rate hikes and inflationary pressures throughout the UK have “dampened” consumer sentiment, according to Lily Arkwright. The sustainable jewellery retailer said it is seeing early signs of shift in consumer sentiment towards high value purchases. It added that…

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Vo Vintage 2022: Vicenzaoro renews the passion for vintage watches and jewellery

VO Vintage, Italian Exhibition Group’s fine vintage watch and jewellery lounge will be back in Vicenza with numerous new features. From 9th to 11th September, during Vicenzaoro September (9-13 September), the third edition of the event will offer the community of collectors, dealers  and enthusiasts the chance to admire and…

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Vrai unveils Bezel Solitaire collection

Vrai has announced the launch of its latest range, The Bezel Solitaire collection, described as “where modern meets art deco”. The collection features Vrai created diamonds surrounded by a solid gold bezel, marrying the signature Bezel line with the classic Solitaire collection for a “contemporary yet timeless allure.” A 14k…

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LVMH revenues rise 28% to £23.9bn in H1

LVMH has reported a 28% rise in revenues for the first half (H1) of 2022, from €28.6bn (£23.9bn) in H1 2021 to €36.7bn (£30.7bn), with all business groups achieving double-digit organic revenue growth over the period. The group’s Watches and Jewellery revenues grew 22% from €4.02m (£3.3m) in the first…

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Rough diamond sales drop in cycle 6 to $630m

De Beers Group has announced the value of rough diamond sales for the sixth sales cycle of 2022 has dropped to a provisional $630m (£523m), down from $657m (£545m) in cycle five. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De…

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Beaverbrooks profits surge 117% to £35.3m

Beaverbrooks has announced “record breaking” sales as its group operating profit surged 117% year-on-year from £16.3m to £35.3m in FY22, with turnover rising 64.4% year-on-year and 41.3% compared to its most profitable centenary year in 2019-2020. The family-owned national jewellery and watch retailer also saw a gross profit margin of…

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Leigh-on-Sea based Jeweller nominated for Entrepreneur Award

Leigh-On-Sea-based Jewellery business Inscripture founder Hayley Sturniolo has been named as a finalist in the Great British Entrepreneur Awards. The Great British Entrepreneur Awards, in partnership with Starling Bank, acknowledges and champions the hard work and uplifting stories of business owners across the UK, with an emphasis on their journey…

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Global jewellery industry to grow by 4%

The jewellery industry is expected to rebound and grow globally between 3-4% over the next four to five years, with demand expected to increase from younger consumers and domestic markets with less international travel taking place, according to The Sheffield Assay Office. During the pandemic, the jewellery industry saw revenues…

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Vicenzaoro September returns 9 -13 September

A business showcase, a breeding ground for trends, innovation, information  and training, a place for global networking, a reference point for the entire gold and jewellery supply chain,  recognised and appreciated worldwide, Europe’s most eagerly awaited international event for the gold and  jewellery community will be back in Vicenza from…

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Retail accounts for 10% of UK administrations in 2022, study finds

The retail sector accounted for 10% of administrations in the first six months of the year – the third highest industry in the UK – according to analysis by full-service law firm Shakespeare Martineau. It found more than 620 businesses, 62 of which came from the retail industry, filed for…

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