De Beers and Endiama find new kimberlite field in Angola

De Beers Group and Angola’s state-owned diamond company Endiama have discovered a new kimberlite field in the country, the first found by De Beers in more than 30 years. The joint venture intersected kimberlite in July in its first drill hole into a high-priority cluster of targets identified during airborne…

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Lovisa opens first regional store at Queensgate Peterborough

Jewellery retailer Lovisa has opened its newest store at Queensgate Peterborough, its first store in the region. The Australian brand has taken a 1,630 sq ft unit on the centre’s Lower Mall, next to Boots. It offers earrings, necklaces, bracelets, rings, body jewellery and hair accessories, and operates more than…

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Gemfields sells Fabergé to SMG Capital for $50m

Gemfields has announced the sale of luxury jewellery brand Fabergé to US-based SMG Capital for $50m (£37.2m). The company will receive $45m (£33.5m) on completion of the deal, expected on 28 August, and a further $5m (£3.73m) in quarterly royalty payments at 8% of Fabergé’s revenue.  According to Gemfields, the…

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Tutti appoints Helen Williamson as fractional MD

North Shields-based jewellery brand Tutti has appointed Helen Williamson as its new fractional managing director. The appointment comes as Tutti marks its 20th anniversary with the opening of a new concept store and studio in Harbour House. Williamson brings extensive experience from senior roles in the fashion and retail sector.…

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Lily Arkwright unveils new flagship store in Marylebone Square

Lily Arkwright has announced the opening of its first-ever London flagship store, located in the Marylebone Square development. Opening this month, the Marylebone flagship will showcase Lily Arkwright’s full range of engagement rings, wedding bands and fine jewellery, alongside a London-exclusive collection designed especially for the store. Customers will also…

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UKJSAC welcomes gov business plan but calls for further support

The UK Jewellery, Silverware and Allied Crafts (UKJSAC) Roundtable Group has welcomed the government’s new Backing Your Business plan, while urging further measures to support creative and craft-led microbusinesses. The plan, aimed at strengthening the small and medium-sized enterprise (SME) landscape, includes reforms to licensing, permanent business rate reductions for…

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Kit Heath expands retail footprint with new partnerships

Jewellery brand Kit Heath has strengthened its retail presence with the return of two key stockists, TH Baker and David Christopher, as it targets regional growth and renewed visibility across the UK. The company said the partnerships marked a “significant step forward” as it sought to increase in-store availability in…

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BoE cuts interest rates to 4%

The Bank of England (BoE) has cut interest rates to 4%, down from the previous rate of 4.25%, marking the fifth rate cut since last year’s peak of 5.25%.  At its meeting today (7 August), the bank’s monetary policy committee (MPC) voted by a majority of 5 to 4 to…

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ICA reveals new appointments to board of directors

The International Colored Gemstone Association (ICA) has announced its new board of directors, led by president, Damien Cody. The new directors are; Lucas Amelung, Ashoo Sinchawla, Himas Isab, Katherine Kovacs, Manuela Soares, Arun Jain, Captain Ramji Sharma, Saurabh Bansal, Arun Jain and Dacques Nini. Newly elected ICA Directors serve an…

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Verragio receives RJC certified member status

Jewellery brand Verragio has achieved certified member status with the Responsible Jewellery Council (RJC), following an independent audit of its business practices. The bridal and fine jewellery company joined the RJC in September 2024 and was officially granted certification in June 2025.  Certification is awarded to members that meet the…

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