Watchshop remains top of ecommerce market despite 22% drop in visibility

Despite a 22% decrease in their visibility over the past year, Watchshop remains top of the jewellery and watch ecommerce market, a new report has revealed. The Watches E-Commerce Insight Report, produced by digital marketing specialists Inside Online, ranks 50 of the leading websites within this competitive market according to…

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Signet achieves 81% online sales growth in Q1

Jewellery retail group Signet Jewelers, which owns H Samuel and Ernest Jones, has reported a 5.5% increase in total sales for the 13 weeks ending May 5, 2018. The company’s total sales for the quarter reached $1.5bn (£1.1bn), up 4.3% on a constant currency basis, with the increase in sales…

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Kundan Jewellery – Reviving a dying Mughal art

“Kundan jewellery just isn’t good business anymore, so people are finding other lines of work”, said Ali Azeem, a Kundan craftsman in Lahore. “You work hard all day, only to earn a 1000 rupees (£7) at day’s end. If only our own people value it as much as the foreigners do.”…

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Everledger showcases diamond Data Matrix code

Everledger and Dharmanandan Diamonds have successfully showcased a new innovative feature with the inscription of Data Matrix code on diamonds, as part of a ‘Diamond Time-Lapse Protocol’. The Diamond Time-Lapse Protocol, launched in February this year, is the industry data protocol using blockchain to track the provenance of diamonds. A…

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Smaller shopping centres worst hit by closures

Smaller shopping centres were the worst affected by the number of store closures last year, a new study has shown. Data compiled by retail and leisure researchers, the Local Data Company, showed shopping centres which were given a LDC Health Index Score ranking of 300 or lower saw vacancy rates…

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Shoplifting incidents increase 4% in a year

An OnBuy investigation which used data from the UK Police has revealed a 4% increase in shoplifting offences in this financial year. The figures were compared with previous years’ figures for England and Wales. The investigation showed a total of 378,725 shoplifting incidents reported to 42 police forces in England…

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Footfall drops 8.6% as sunshine fails to attract shoppers

The UK high street saw an overall 8.6% year-on-year drop in footfall despite the warm May bank holidays, figures show. According to Ipsos’ UK Retail Traffic Weathermap, London and the south east saw the sharpest decline with 13.3% fewer shoppers on the high street compared with the same period last…

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Over 10,000 stores predicted to close in 2018, analysts say

A new report from the Centre for Retail Research (CRR) has predicted that 2018 will be the worst year on record for store closures, with more than 10,000 outlets disappearing from the high street. The ‘Retail At Bay 2018’ study also argues that the developing crisis in the retail sector…

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Sotheby’s to hold London auction in June

Sotheby’s has announced that it will hold an auction at its London gallery on 6 June featuring an array of diamond jewellery. Cartier, Van Cleef & Arpels and Bulgari feature strongly in the London auction, alongside tiaras, retro jewels from the 1940s and a selection of sapphire and emerald jewels.…

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Everledger announces deal with HK Group to track My Diamond Story diamonds

Everledger and Hari Krishna Group (HK Group) have announced a deal that will see Hari Krishna’s flagship private label brand My Diamond Story tracked using blockchain technology. With this new development, Everledger, a global emerging technology enterprise, and the HK Group, one of the world’s largest diamond manufacturers and exporters,…

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