Chippenham jeweller launches jewellery kit 

Tamara Eggleston, a Chippenham-based jeweller, has announced the launch of a home jewellery making kit in a bid to boost business after lockdown saw her workshop close. In addition, Eggleston has launched the initiative after many of the shops she sold through also had to close following the pandemic.  Eggeleston,…

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Sotheby’s sales fall despite online boost 

Sotheby’s has welcomed a year of “resilience”, despite year-to-date sales only reaching $2.5bn (£1.92bn), down from $3.3bn (£2.53bn) the year prior. In place of half-year results, the auction house released results from 1 January to 31 July in order to accommodate rescheduled spring sales. Despite the overall decline in sales,…

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Diamcor cuts costs as average prices rise

Diamcor has announced it will continue efforts to implement short-term operational changes and cost reduction efforts at its Krone-Endora at Venetia mine in South Africa. The mine project has been temporarily halted due to local lockdown measures, and in light of the closure, Diamcor will continue to reduce, defer, and…

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Loans boost announced for independent retailers

More coronavirus support loans are to be made available to independent retailers following a change to state aid rules. Changes to the rules mean that more small businesses can now benefit from loans of up to £5 million under the Coronavirus Business Interruption Loan Scheme (CBILS). Previously businesses which were…

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How to stop cash flow being a big issue for small businesses 

Cash flow is something that we see day in, day out as an issue for small businesses and sole traders. There’s no getting away from the fact that it is a real dampener on your Business, if not catastrophic. It needs to be addressed quickly.   What can cause cash flow…

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Gem Diamonds sales rise in H1

Gem Diamonds has announced that it generated $29.4m (£22.3m) in its half-year results, after 16 diamonds sold for more than $1m (£760,000) each. This marked a rise against the 12 diamonds that sold for $26.6m (£20.2m) collectively in the first half of 2019.  During the period, the average price of…

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William and Son enters administration

William and Son, a Mayfair-based jeweller, has fallen into administration.  Damian Webb and Phillip Sykes of RSM Restructuring Advisory LLP were appointed joint administrators of the business on 10 July 2020, the jeweller has revealed. In a statement, the jewellers confirmed the “affairs, business and property of the company are…

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How local jewellers are proving their resilience amidst Covid-19

As COVID-19 continues to affect people across the world, retail stores and shops remain shutdown and businesses continue to go bankrupt. For independent jewellery designers who are also faced with the same challenges, they have no choice but to look for other ways to earn revenue just like everyone else.…

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Theo Fennell unveils award winners

Theo Fennell has announced the two winners of its annual Central St Martins award show.  The event marks the 12th year the jeweller has sponsored the BA design show, and presented the annual awards. Two students have now been awarded in two categories set by Theo Fennell, in Best Design…

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De Beers jobs at risk following poor sales

De Beers has announced that total revenue plummeted 54% to $1.2bn (£920m) in its half-year results, with rough diamond sales falling to $1bn (£767m), down from the $2.3bn (£1.76bn) reported the year prior.  In light of the damaged performance, CEO Bruce Cleaver told Reuters that the group would “likely” proceed…

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