De Beers Group takes full ownership of eponymous retail brand

The De Beers Group has concluded the acquisition of LVMH’s 50% shareholding in De Beers Diamond Jewellers, to take full ownership of the company. The De Beers Diamond Jewellers’ retail chain comprises 32 stores in 17 consumer markets around the world, including a growing business in greater China, an established…

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Crime gang jailed over £3m jewellery raids

Members of a Romanian crime gang have been jailed for a series of burglaries on jewellers, in which some £3.1m worth of jewellery was stolen. The six men have been jailed for a total of 47 years for conspiring to commit burglaries at jewellers across nine different counties in the…

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NAJ to launch millennial-led steering group

The National Association of Jewelers (NAJ) is calling on millennials to form a new steering group. The steering group will aim to give millennials – which by 2020 will form 50% of the global workforce – a platform to voice their ideas, while at the same time looking at how…

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Sierra Leone pastor finds huge 709-carat diamond

A Christian pastor in Sierra Leone has discovered one of the world’s largest uncut diamonds. The 709-carat stone was found by Emmanuel Momoh in the Kono district. He handed it to to a local chief who then passed it on to Sierra Leone’s president Ernest Bai Koroma. The diamond is…

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Ivanka Trump ceases production of fine jewellery line

Ivanka Trump’s jewellery brand is set to discontinue production of its fine jewellery line in favour of more affordable collections. The fine jewellery line, which sells diamonds earrings for nearly $10,000 (£8,200) and link necklaces for close to $20,000 (£16,400), will be replaced by more affordable pieces of jewellery such…

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Hallmarking figures plummet in February

The total number of hallmarked items plummeted 24.8% in February, a decrease of 189,700 pieces when compared with the same month last year. Figures released by the four UK assay offices, and compiled by the Birmingham Assay Office, showed there was a total of 576,610 articles hallmarked during the month…

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Daniella Draper opens fourth retail store

British jewellery designer Daniella Draper has opened her fourth independent boutique in the Lake District’s Bowness-on-Windermere. The new store opened yesterday (Sunday, 12 March) and features the same white, clean interior as Draper’s three other stores in Cleethorpes, Lincoln and Beverly, with antique cabinets displaying both gold and silver jewellery.…

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F Hinds to close Andover store after nearly 30 years in the town

Jewellery chain F Hinds has announced it will officially close its Andover store after almost 30 years in the town. The company said the decision to close the store, which will shut up shop on 27 May, was mainly due to the upcoming end of its lease as well as…

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Shrewsbury jewellers set to close this month

A jewellery store in Shrewsbury is set to close its doors this month after being a fixture in the town for almost 20 years. Gemstone Jewellery first opened in the town’s Darwin shopping centre some 18 years ago, and after 11 years the store moved to its current location on…

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Same-store sales at Signet’s UK division fall 3.8% in Q4

Jewellery retail giant Signet Jewelers has reported a plunge in sales in the fourth quarter of its 2017 financial year. For the 13 weeks ending January 28, 2017, Signet reporting a 3.8% fall in same-store sales across its UK retail division – comprising Ernest Jones and H Samuel – to…

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