Louis Vuitton owner bids to take over Tiffany and Co

Luxury group, LVMH, has confirmed it is in talks to takeover Tiffany and Co. LVMH said in a statement yesterday (28 October): “In light of recent market rumours, the LVMH Group confirms that it has held preliminary discussions regarding a possible transaction with Tiffany’. There can be no assurance that…

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Luxury jewellers Laings expands online presence

Luxury jewellers, Laings, have launched a new website, in the run up to the busiest shopping season of the year. The website features some of the top brands from the world of Haute Horlogerie, including Patek Philippe, Rolex, Jaeger-LeCoultre and Cartier. The website allows customers to find out more about…

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Istanbul Jewelry Show reports 12% increase in foreign visitors

The Istanbul Jewelry Show has reported a 12% increase in the number of international visitors at its October 2019 exhibition Some 51% of the visitors were from abroad. The exhibition whereby over 800 companies and brands from 20 countries showcased their products, was visited by 20,172 sector professionals from 127…

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Building a relationship with big brands

Some 71% of customers prefer to buy from familiar brands, according to Global Banking and Finance. So, stocking recognisable brands can be a fail-safe way to improve the credibility of your jewellery business, as well as draw consumers in to check out the rest of your stock. However, brands invest…

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85,000 retail jobs lost in the last year

Third-quarter retail employment fell by 2.8% year-on-year, the equivalent of around 85,000 jobs, marking the 15th consecutive quarter of decline in the retail workforce. According to the latest figures from the British Retail Consortium (BRC), full-time employment saw a decrease of 4.5% compared to the decrease in part-time employees of…

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Police launch appeal after burglary at Randalstown jewellery store

Police have appealed for information following the burglary of a large amount of jewellery  in a store in Randalstown, Northern Ireland. Sometime between 3.00am and 6.30am the premises was entered and a large quantity of jewellery stolen on Main Street on Wednesday. Some of the items stolen included approximately rolled…

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Links of London slashes 38 head office roles amid administration

The joint administrators of Links of London have announced 38 redundancies at its head office in Victoria, London. It comes after the British jewellery brand entered administration earlier this month (8 October), placing around 350 jobs at risk. It currently operates 28 standalone stores across the UK and Ireland and…

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Retail footfall plummets as autumn begins

Footfall in non-food stores fell by 9.9% year-on-year in September, according to the Retail Traffic Index published by Ipsos Retail Performance. Compared with August, the average weekly footfall in the month fell by -7.3%. Additionally, the number of shoppers visiting the high street in London and the south east continued…

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GIA commits $1.3m to artisanal mining education project

Gemological Institute of America (GIA) in Tanzania will expand distribution of its gem guide for artisanal miners to other communities and countries in Africa. Speaking at the ICA Congress in Bangkok on 15 October, GIA President and CEO Susan Jacques announced a four-year, $1.3m (£1m) commitment, funded from the GIA…

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JewelStreet to launch Covent Garden pop-up

Online marketplace for independent handcrafted jewellery, JewelStreet, is to launch a jewellery pop-up shop in Covent Garden, London, to celebrate International Jewellery Designer Day from 19 October to 21 October. The pop-up will feature handcrafted jewellery from 30 independent designers, live demonstrations of jewellery making will also be taking place…

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