CW Sellors secures £1.5m loan amid growth plans

CW Sellors has secured funds worth £1.5m from MEIF Maven Debt Finance, enabling the jewellery company to open a new design and manufacturing facility in Derbyshire, which will include a jewellery boutique retail store, exhibition space, tours for visitors, and a café. The loan has been made available via the…

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Lily Arkwright’s engagement ring sales jump 73% amid heatwave

Lily Arkwright has reported a 73% rise in engagement ring sales last week (1 to 10 August) compared to the previous year, due to the August heatwave. Lily Arkwright said that the sunny weather has led to a rise in engagements, suggesting that hot weather “makes people feel more romantic”.…

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Nivoda appoints chief product officer

Nivoda, the B2B diamond marketplace, has continued its expansion with the appointment of James Morgan as its new chief product officer. Morgan joins after seven years at Amazon where he was head of Prime for Europe, and he will oversee the company’s continued expansion after Nivoda tripled both revenue and…

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Roxanne First launches Zodiac Collection

Roxanne First has introduced its latest range, the Zodiac collection – a series of squared moonstone pendants with solid gold zodiac symbols. Inspired by the tattoo line drawings which adorn Rocky’s – the founder of Roxanne First – arms, each Zodiac necklace combines “cosmic symbolism with magical moonstone properties”. Roxanne…

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Heatwave helps boost retail sales 2.3% in July

Retail sales increased 2.3% in July as the heatwave experienced across the UK helped boost demand for “hot weather essentials”, according to the latest data from the BRC and KPMG retail sales monitor. UK retail sales increased 1.6% on a like-for-like basis from July 2021, when they had increased 4.7%.…

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So-Le Studio creative director to become Sotheby’s guest curator

So-Le Studio has announced a collaboration with Sotheby’s London, which will see creative director Maria Sole Ferragamo become the first guest curator of their auction series The Luxury Edit. The auction series will showcase a city-specific curated collection of luxury items, including jewellery, watches and spirits in London, New York…

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Signet Jewellers acquires Blue Nile

Signet Jewellers Limited has announced it has signed a definitive agreement to acquire Blue Nile, an online retailer of engagement rings and fine jewellery, for $360m (£297m) in an all cash transaction. The strategic acquisition of Blue Nile accelerates Signet’s efforts to expand its bridal offerings and grow its accessible…

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Bernhard H. Mayer unveils nature-inspired jewellery

Qnet’s luxury jewellery brand, Bernhard H. Mayer, has announced new nature-inspired jewellery pieces for its Classics, Elemental and Timeless Tanzanite collections. New pieces to the Classics Collection include Autumn earrings and an Autumn Pendant, featuring precious diamonds and handcrafted 18K gold leaf drops in a pattern inspired by seasonal transformation.…

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Hayes & Lake adds four new retailers

Hayes and Lake has announced it will go live in four new stores this week, bringing the number that carry the brand to 12. The new stores include John Baldwin Jewellers in Tavistock, Christopher George Jewellers in Cardiff, Francis and Gaye in Coventry, and David Summerfield Jewellers in Newcastle. Having…

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UK recession can be averted, claims Truss

In an interview with Sky News’s Kay Burley last night (4 August), foreign secretary Liz Truss claimed she could avert a recession if she wins the leadership contest. The claim comes after the Bank of England projected that the UK would enter a recession in this year’s fourth quarter, with…

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