Returning online shoppers spend ‘almost twice as much as new visitors’

Returning online shoppers spent almost double (66%) what new visitors spent (34%) following the close of the 2015 holiday period, according to new research. The E-commerce Quarterly report from marketing firm Monetate, which analyses a random sample of seven billion online shopping experiences throughout each quarter of the year, said…

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Tustains Jewellers set to undergo ‘major refurbishment’

Warwickshire jewellers Tustains has announced plans to triple the size of its showroom as part of a “major investment” planned for the summer. The firm, which has been based in Leamington for more than 120 years, will undergo a significant expansion this year in a move which is expected to…

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Tiffany & Co to boost onine sales with Net-A-Porter

Tiffany & Co has announced it will start selling selected designs on luxury designer and fashion e-commerce site Net-A-Porter. The announcement means that Net-A-Porter will be the only authorised online destination beyond Tiffany’s own channels where customers can find the company’s jewellery. Tiffany said the move will help the brand…

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LVMH first quarter results boosted by jewellery and watch sales

Luxury products group LVMH recorded revenue of €8.6bn (£6.8bn), an increase of 4% on the same period last year. Organic revenue growth was 3% compared with the same period in 2015, which meant the company was hindered by exchange rates. The results were boosted by its watches and jewellery division…

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EXPORTING: find the path to overseas selling

Creative industries in the UK are thriving, and the opportunities do not stop within our shores. We asked Exporting is Great, the government’s campaign to promote exports from UK businesses, to tell us about a UK jewellery business benefiting from having taken the leap.[divider style=”solid” top=”20″ bottom=”20″] Jewellery designer Katie…

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New CEO appointed to National Pawnbrokers Association

The NPA has announced the appointment of a new chief executive to succeed Ray Perry, the current CEO, in June of this year. Stu McInroy joins from the Bookmakers’ Committee where he was general secretary for the statutory body parented by the Department for Culture, Media and Sport for the last seven years. He has…

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De Beers reports stable rough diamond demand

The De Beers Group has reported stable rough diamond demand, following its third sales cycle of 2016. The company reported rough diamond sales of $660m (£465m) compared with the $617m (£434m) realised in its second sales cycle earlier this year. The company said continued stability in polished diamond prices and…

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UK retail sales fall flat in March due to early Easter

Retail sales in the UK neither grew or declined in March as an early Easter distorted sales figures during the month. That’s according to the latest Retail Sales Monitor from the British Retail Consortium (BRC) and KPMG, which found like-for-like sales declined 0.7% compared with the same month last year…

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Gold price reports best performance in ‘three decades’

The price of gold reported its best performance in almost three decades, according to a new report from the World Gold Council (WGC). During the first quarter of 2016, gold price rose by 17% in US dollars, 20% in British pounds, 11% in Euros and 9% in Japanese Yen. It…

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Jeweller creates ‘world’s first radioactive jewellery’

A 23-year old London jeweller has created what is believed to the world’s first-ever safe-to-wear radioactive jewellery range. Phillip Bannister, a former engineering student from Barking and Dagenham College, has created radioactive jewellery with precious gems that glow in the dark. He uses radiation rods in his creations, allowing precious…

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