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Jan- 2017 -6 JanuaryCurrent Affairs
Hatton Garden raid: Woman claims to be missing £7m in gold
A woman has come forward after realising she is missing £7m of gold following the Hatton Garden heist in April 2015. The woman, who claims one of her safety deposit boxes was stolen during the raid, only realised it was missing after the trial of the gang last year, according…
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4 JanuaryRetailers
Aurum Holdings set for auction amid sales boom
The owner of luxury watch and jewellery group Aurum Holdings is reportedly preparing to sell the business after posting “strong sales” following the EU referendum. The company, which owns Goldsmiths, Mappin & Webb and Watches of Switzerland, could be sold later this year after its controlling shareholder Apollo Global Management…
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4 JanuaryEconomy
Shop prices show first sign of ‘upward trend’ in December
Shop prices have shown their “first sign of an upward trend” after deflation slowed during December. The British Retail Consortium (BRC) and Nielsen Shop Price Index revealed overall shop prices fell 1.4% in December, a deceleration from the 1.7% fall during the preceding two months. Non-food deflation accelerated to 1.9%,…
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3 JanuaryEconomy
Diamond prices decline in December amid ‘India liquidity crisis’
Polished diamond prices softened in December as Indian liquidity dried up due to the government’s demonetisation policy, which eliminated 500 and 1,000 rupee notes. The RapNet Diamond Index (RAPI), from the Rapaport Group, found the price of 1-carat, GIA-graded, polished diamonds fell 1.3% during the month, while 3-carat diamonds and…
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Dec- 2016 -20 DecemberRetailers
Barnsley jewellers ‘forced’ to close in the New Year due to demolition plans
A family-owned jewellery store in Barnsley is set to close its doors in the New Year following plans to demolish parts of the town centre. Some retailers have told the BBC that they have had to close their businesses due to a “lack of council support” in relation to the…
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16 DecemberE-Commerce
Online spend to hit £805m on Christmas Day
Online retail sales on Christmas Day are set to rise more than 10% compared with the same day last year, according to new research. Data from the trade association for e-commerce, IMRG, found online retail sales in the UK on Christmas Day will reach £805m – a 10.1% increase on…
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14 DecemberCurrent Affairs
VIDEO: Wongs Jewellers ‘to make a stand’ and give staff Boxing Day off
The boss of Liverpool-based Wongs Jewellers has announced the store will close for business on Boxing Day, giving his staff extra time with their families. Peter Wong, managing director, shared a video on Facebook saying he wanted to make a stand about workers deserving time with their families. He said…
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14 DecemberRetailers
Harrods to present one of world’s ‘rarest diamonds’
Luxury department store Harrods has unveiled what it claims is one of the world’s rarest diamonds. The 228.31-carat gem is referred by its owner – who chose to remain anonymous – as the ‘Harrods Diamond’ and has been kept secret in the Knightsbridge store’s safe deposit until now. The pear-shaped…
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14 DecemberRetailers
Winsor Bishop eyes expansion with opening of new Cambridge store
Independent jewellery retailer Winsor Bishop has expanded its portfolio with the opening of its new store in Cambridge. The company’s second store – located on the city’s Trinity Street – cost £1m to set up, including a full refurbishment and the connection of two stores internally. It also includes a…
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13 DecemberRetailers
Goldsmiths launch Rolex lounge at Liverpool One store
Jewellery retail chain Goldsmiths has announced the opening of a Rolex lounge at its showroom in Liverpool’s shopping complex, Liverpool One. The recently re-designed store on Paradise Street has undergone a refurbishment, temporarily closing and reopening in November. This was ahead of the new Rolex room, which has now opened…
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