Industry News | Jewellery Focus

Mar- 2021 -

8 March

Platinum sales ‘instrumental’ in jewellery market recovery

The Platinum Jewellery Business Review (PJBR), commissioned by the Platinum Guild International (PGI), has reported platinum sales have been “instrumental” in the jewellery market’s recovery. According to the PJBR, sales surged across key markets over the holiday season, including in China, India, Japan and the US. In the States, platinum…

5 March

Lewis Catchpole

Find out more: Rona Machines

The company was formed in 1982 and is a family owned business, operating from a purpose-designed building based in Nazeing, Essex. Graham Field, who owns and runs Rona Machines, has nearly 40 years’ experience in supplying new and second hand engraving machines which he refurbishes to an exceptionally high standard.…

5 March

Designers

Heather Sandlin

Alkemistry online sales soar 315%

Independent fine jewellery brand The Alkemistry has reported a “record” 315% growth in year-on-year e-commerce sales, despite the pandemic’s impact on business at its Floral Street concept store. In its latest update, the group said it was able to capitalise on shifting consumer trends during the period, as it noted…

5 March

Events

Patrick O'Donnell

Goldsmiths’ Company to launch ‘The Brooch Unpinned’ exhibition

The Goldsmiths’ Company has announced it is preparing to open a free exhibition, ‘The Brooch Unpinned: The Goldsmiths’ Company Collection 1961-2021’, at the Goldsmiths’ Centre on 12 April 2021. Subject to the government’s Covid-19 guidelines, the exhibit will celebrate the “art of the brooch” between 1961 and 2021 in Britain.…

4 March

BAUNAT: The online brand disrupting the industry

Back in 2008, when savvy industry insiders Steven Boelens and Stefaan Mouradian founded their diamond jewellery brand BAUNAT, they ripped up the proverbial rule book in the process. Merging Antwerp’s age-old tradition of jewellery-making with the convenience of online shopping, the duo created an e-commerce site that is solely dedicated…

4 March

Designers

Heather Sandlin

Lucy Quartermaine launches SS21 collection

British designer Lucy Quartermaine has announced the launch of her new SS21 collection, Luna, which first debuted on 26 February. The Luna collection is said to draw inspiration from the “divine embodiment of the moon and the power of women”. The designer said the Luna Goddess “expresses attributes of femininity…

4 March

Designers

Patrick O'Donnell

Monica Vinader reports 21% rise in turnover for holiday season

Monica Vinader has reported a successful trading period over the holiday season, despite disruptions resulting from the Covid-19 pandemic, with turnover increasing 21% compared to the same period in 2019. The British company’s e-commerce sales also rose by 68% over the winter period, citing its funding from HSBC’s Coronavirus Large…

3 March

International

Heather Sandlin

Alrosa revenue doubles in Q4

Alrosa has announced that revenue in its fourth quarter doubled to RUB 98.6bn (£512m), a 53% rise against the prior year, on the back of “strong” demand recovery towards the year-end. For its full-year of trading, revenue was down only 7% RUB 221.5bn (£2.1bn). Net profit also increased in the…

3 March

Current Affairs

Patrick O'Donnell

RJC urges industry leaders to adopt sustainable change

The Responsible Jewellery Council (RJC) has published an open letter to jewellery industry leaders, urging them adopt sustainable practices within their businesses. Last year, the trade association stated its “decade of action” in its bid to reach its ‘17 Sustainable Development Goals’, an initiative set up to combat climate-change related…

3 March

Coronavirus

Patrick O'Donnell

Budget 2021: Chancellor unveils new £65bn support package

Chancellor Rishi Sunak has outlined a new £65bn support package in his March budget, confirming the decision to extend the furlough scheme until the end of September as well as new loan schemes of up to £10m for businesses. In what is Sunak’s second budget since he joined office in…