Istanbul Jewelry Show postponed until May

Organisers for the annual Istanbul Jewelry Show have announced that the event has now been postponed until 27-30 May 2021.  The trade show was originally set to take place between 25-28 March 2021, but has been scheduled in light of ongoing restrictions on international travel.  The rescheduled event will take…

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Alrosa to maintain zero buyout obligations

Alrosa has announced it will maintain its zero buyout obligation on goods allocation for the seventh consequent month. Seeing the diamond industry’s long-term health and stability as a priority, the company said it will keep fully flexible trading conditions for its long-term clients during the first trading session of 2021.…

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NAJ welcomes new team member

The National Association of Jewellers (NAJ) has appointed Victoria Louise as its new membership liaison. Louise brings years of experience in the jewellery industry, having previously worked at V by Laura Vann as a global sales representative and Espree jewellery, where she was a member of the development team. Furthermore,…

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Sunak looks to raise corporation tax in March budget

Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated £400bn borrowed by the UK throughout the pandemic. According to The Financial Times, the alleged move has sparked uproar among business owners who claim they are still struggling with the economic impact of Covid-19. However, it…

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Jewellery industry to become sustainability leader, says new report

The new Jewellery Trend Report by jewellery brand Taylor & Hart has identified that the industry will become a leader in environmentalism and sustainability in the coming years. According to the report, two-thirds of brands are currently monitoring their environmental impact more closely, while consumers are also purchasing jewellery and…

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Lucara recovers 341 carat diamond from Botswana mine

Lucara has announced the recovery of an unbroken 341 carat top white gem quality diamond from its Karowe Diamond Mine in Botswana. The diamond was reportedly recovered over the holiday period from the milling of ore sourced from the south western quadrant of the South Lobe M/PK(S) unit. The recovery…

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Hallmarking down by 12.1% in December

The total number of pieces hallmarked during December 2020 decreased by only 12.1% compared with the same month last year, according to the latest figures from the Birmingham Assay office. Gold hallmarked pieces decreased 4.7% from 290,186 to 276,475 and silver items decreased17.7% from 326,442 to 268,709. Platinum hallmarking also…

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Just Diamonds sees 8% year-on-year rise in turnover

Just Diamonds has announced an 8% year-on-year rise in turnover in the second half of 2020 compared with the same period last year. The company supplies high-quality ring mounts, finished jewellery and mainly bespoke items to customers upon request. The Birmingham-based jewellery supplier said it made the decision to supply…

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Christie’s prepares for La Dolce Vita auction

Christie’s has announced its La Dolce Vita online auction will take place from 20 January to 3 February. The online sale will include over 75 examples of fine jewellery and iconic designs from the most renowned Italian and international jewellery houses. Among the jewellery represented at the auction will be…

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Supreme Court sides with small firms in business interruption case

The Supreme Court has delivered its judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case, with the court’s ruling in the favour of small firms potentially forcing insurers to pay out £1.2bn in CBI claims. Following the judgement, thousands of policyholders will now have their claims for…

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