Shining Diamonds opens first London store

Independent jewellery retailer Shining Diamonds has opened its first store in London. The store is located in the jewellery quarter of Hatton Garden, within the Holborn district of London. Shining Diamonds started out as an online-only retailer for diamond jewellery with 20 years of international experience manufacturing and selling diamond…

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Jewellers named in London Stock Exchange’s 1000 Companies to Inspire Britain

Six jewellery companies have been named in the London Stock Exchange’s annual 1000 Companies to Inspire Britain report. Allum & Sidaway, David Christopher Jewellers, In-Time Watch and Jewellery Reports, Monica Vinader, Pragnell Jewellers and Watchfinder were all named in the fifth edition of the report, which focuses on the fastest…

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Adobe to acquire Magento Commerce for $1.7bn

Technology firm Adobe has entered into a definitive agreement to acquire Magento Commerce, an e-commerce platform, for $1.68bn (£1.24bn). According to the group the addition of the Magento Commerce Cloud will “enable commerce to be seamlessly integrated into the Adobe Experience Cloud, delivering a single platform that serves both B2B…

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RECRUITMENT: Ingle & Rhode (London, West End)

Graduate level, well spoken, responsible candidate needed to be our front of house presence and grow into the role of Client Relationship Manager over a two year period. Ingle and Rhode is London’s leading ethical jewellery brand, with a focus on outstanding client service. We are offering the successful candidate…

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RJC announces new board appointments at Moscow meeting

The Responsible Jewellery Council (RJC) has announced a series of senior appointments to its board of directors at its AGM in Moscow. David Bouffard, vice president of Signet corporate affairs, has been appointed the new RJC chair. Bouffard has been the chair of the RJC communications committee since 2015 and…

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Human error could cost businesses £17.5m as GDPR looms

With the arrival of General Data Protection Regulation (GDPR) businesses who mishandle personal data will leave themselves open to a fine of up to £17.5m. Research by information management company EDM Group found that 76% of UK businesses say a large amount of mail and communications are incorrectly allocated due…

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Global consumer demand for jewellery hits new record high of $82bn

Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to US$82bn (£60.7bn), according to industry insight data published by De Beers Group. The US was the main driver for the overall 2% growth for the fourth consecutive year, where positive macroeconomics and strong consumer confidence…

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Online retail jumps 19% in April

UK online retail sales went from strength to strength in April, up 18.8% year-on-year (YoY) according to the latest figures. The IMRG Capgemini e-Retail Sales Index showed it was the highest YoY increase since November 2016, despite the dampening effect of Easter falling in March this year. There was a…

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Gold and platinum hallmarking sees double digit increase

The number of gold and platinum pieces hallmarked in April 2018 increased significantly by 12.1% and 10.9% respectively, according to figures compiled by the Birmingham Assay Office. However, the average volume of silver fell by 13.8% to 335,827 compared with 389,707, while palladium decreased by 21.6% to 5,513 hallmarked items.…

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Alrosa’s first quarter revenue and profits surge

Alrosa, the global leader in rough diamond production, has reported its revenue rose by 58% to £1.1bn driven by an improved product mix and higher average selling prices. The company’s rough diamond sales also grew by 43% to 13.4 million carats amid a production decrease of 26%. The growth was…

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