LVMH completes Tiffany & Co acquisition

LVMH, the luxury products retail group, has announced its acquisition of luxury jeweller Tiffany and Co. The sale is set to transform LVMH’s Watches and Jewellery division and complement the group’s distinguished Maisons. Following the closure of the deal, LVMH also announced several leadership appointments, including Anthony Ledru, the former…

Read More »

Menē sees end of year revenues up 64%

Menē has revealed a 64% year-on-year increase in revenue to $21.3m (£15.6m) for the fiscal year ended December 31, 2020 from $13.06m (£9.6m) last year, despite the impact of Covid-19 and lockdown restrictions. The global online 24 karat jewellery brand sold 72,900 cumulative units and received 15,885 customer orders, with…

Read More »

CuleM Watches launches January ‘Unsale’

Celem Watches has launched its January ‘Unsale’ this week which, in lieu of discounts, sees the brand doubling its donations to charity partners and accelerating the expansion of its CuleM Forest for each watch sold. The Swiss watch manufacturer has the initiative to set a new, sustainable standard for the…

Read More »

Peter Taylor awarded MBE for services to jewellery industry

Peter Taylor, director of the Goldsmiths’ Centre, has been awarded with a MBE for services to the jewellery and silversmithing industry. Founded by the Goldsmiths’ Company in 2007, the Goldsmiths’ Centre is the UK’s leading charity for the professional training of goldsmiths. Taylor is a key figure in the establishment…

Read More »

Lucara diamond mine renewal approved

Lucara has announced that the application for the renewal of its Karowe mining licence has been approved for a period of 25 years. The new licence will allow Lucara to continue mining for diamonds until 2046 and marks a “critical step” in the formal sanction of the Karowe underground expansion…

Read More »

Chancellor unveils £4.6bn in new lockdown grants

Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000, the chancellor has announced. The news comes after the prime minister’s announcement that businesses will be closed until at least February half-term in order to help control the spread of Covid-19. This…

Read More »

Hancocks London launches January jewel of the month

Hancocks London has released its Jewel of the Month series which features a Scottish Gold Hardstone Bulla-Style Locket Fringed Pendant, priced at £3,850. Dated back to circa 1870, the pendant measures 3.6cm in width with an “Etruscan-inspired bulla” design which features a flower motif with a gold bead centre surrounded…

Read More »

Diamond trading slows over Christmas

Diamond trading slowed down over the holiday season as the industry shifted focus to retail and as diamantaires took their end-of-year break, according to Rapaport USA. The volume of 1-carat diamonds on RapNet declined 24% in the second half of 2020, with the top 10% of diamonds in that category…

Read More »

Pandora FY results to exceed previous guidance

Pandora has revealed it expects its financial results for 2020 to exceed the high end guidance range of “-14% to -17%”. The luxury jewellery brand began 2020’s Q4 with “positive” organic growth in October and November, with December being impacted by the phasing of revenue. On average, more than 10%…

Read More »

Alrosa joins Shanghai Diamond Exchange

Alrosa has announced it recently became a member of the Shanghai Diamond Exchange (SDE), a move which will see the group receive more trading opportunities in mainland China. The membership reportedly provides a “great advantage” for direct trade in rough and polished diamonds in mainland China, as well as strengthening…

Read More »