Signet Jewelers reports record first quarter earnings

Signet Jewelers, the parent company of UK-based H Samuel and Ernest Jones, has reported record earning for the first quarter of the year. For the 13 weeks ending April 30, 2016, the company reported diluted earnings per share grew 26.4%. Same-store sales for the retail conglomerate were up 2.4% with…

Read More »

Tiffany & Co reports “difficult” quarter as sales fall

Tiffany & Co has reported a “difficult” quarter as worldwide net sales fell 7% to $891m (£606m) in the first quarter of the year. The fall in worldwide net sales reflected declines in all regions except Japan, which Tiffany attributed to a continuation of softness in spending by both local…

Read More »

World’s largest fancy intense blue diamond could fetch £19.8m

The world’s largest fancy intense blue diamond – the ‘Cullinan Dream’ – to go under the hammer could fetch up to $29m (£19.8m). The 21.18ct diamond will be auctioned as the centrepiece of Christie’s Magnificent Jewels and The Cullinan Dream auction on 9 June 2016 in New York, with the…

Read More »

De Beers reports ‘continued stability’ of rough diamond demand

The De Beers Group of Companies has announced the “continued stability” of rough diamond demand, following its latest sales cycle. In its fourth sales cycle of 2016 the company reported rough diamond sales of $630m (£431m) compared with the $666m (£456m) realised in its third sales cycle earlier this year.…

Read More »

Steven Stone Jewellers appoints new director

Steven Stone Jewellers has appointed Max Stone as director of the family-owned business. Stone, who represents the third generation of the family-owned company, will oversee the company’s Hale showroom in Cheshire, with the firm’s Palm Beach showroom operated by his father, Steven Stone, and its London showroom run by Max’s…

Read More »

Watchfinder watchmaker becomes first female accredited by Omega

A watchmaker at pre-owned watch retail firm Watchfinder has become the first female to be accredited by Omega. One of nine watchmakers at the company, Sarah-Jane King, has passed her evaluation and has been awarded the Omega qualification through the watch brand’s parent company Swatch Group UK. The accreditation coincided…

Read More »

Goldsmiths’ Company appoints Boodles MD as prime warden

The Goldsmiths’ Company has appointed Michael Wainwright – managing director of luxury jewellery retailer Boodles – as its new prime warden. He was inaugurated to the role on Wednesday, 18 May, at the annual prime warden’s changeover service at London’s St Vedast. Wainwright has described himself as “passionately commercial” and…

Read More »

Oppenheimer diamond sells for record £39.5m

A new world record for any jewel sold at auction as been set by the Oppenheimer Blue diamond after it sold for $57.5m (£39.5m). The diamond, which is the largest fancy vivid blue diamond ever offered at auction, was sold at the Christie’s auction of ‘Magnificent Jewels’ held at held…

Read More »