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May- 2016 -24 MayEconomy
De Beers reports ‘continued stability’ of rough diamond demand
The De Beers Group of Companies has announced the โcontinued stabilityโ of rough diamond demand, following its latest sales cycle. In its fourth sales cycle of 2016 the company reported rough diamond sales of $630m (ยฃ431m) compared with the $666m (ยฃ456m) realised in its third sales cycle earlier this year.…
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23 MayAppointments
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 companyโs Hale showroom in Cheshire, with the firmโs Palm Beach showroom operated by his father, Steven Stone, and its London showroom run by Maxโs…
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23 MayCrime
VIDEO: Man jailed after failed jewellery store robbery dressed as a woman
A man who attempted to carry out an armed robbery at a Surrey-based jewellers while dressed in women’s clothing has been jailed. The attempted robbery took place shortly after 5pm on Friday, 19 February, when Ryan Valentine, 39, entered the jewellery shop on Leatherhead high street wearing a long black…
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20 MayWatch Focus
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 brandโs parent company Swatch Group UK. The accreditation coincided…
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20 MayAppointments
Goldsmiths’ Company appoints Boodles MD as prime warden
The Goldsmithsโ 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 wardenโs changeover service at Londonโs St Vedast. Wainwright has described himself as โpassionately commercialโ and…
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20 MayAuctions
Oppenheimer diamond sells for record ยฃ39.5m
A new world record for any jewel sold at auction as been set by the Oppenheimer Blue diamond after it sold for $57.5m (ยฃ39.5m). The diamond, which is the largest fancy vivid blue diamond ever offered at auction, was sold at the Christieโs auction of โMagnificent Jewelsโ held at held…
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19 MayRetailers
Mappin & Webb to rebrand following “significant investment”
Fine jewellery retailer Mappin & Webb is set to undergo a re-brand this summer following โsignificantโ investment from parent group Aurum Holdings. The 240-year-old brand will re-launch in June, with a high-profile marketing campaign, new-look stores and a highlighted product range to highlight its positioning to a broader and younger…
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19 MayRetailers
Small firms lose four days a month to administration
Over half of smaller business owners (55%) say their company growth is being held back by the amount of time they have to dedicate to administration, new research has found. The survey from the Federation of Small Businesses (FSB) – answered by 1,685 business owners – found the average small…
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18 MayTrade Organisations
New LDB president appointed as Harry Levy named chairman
The London Diamond Bourse (LDB) has appointed Menachem Prager as its new president, simultaneously creating a new chairman role. Current president Harry Levy has been appointed to the newly created position. Former vice-president Prager, who is the principal of a successful diamond company, has been a member of the bourse…
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18 MayAuctions
Pink diamond sells for record-breaking ยฃ21.8m
The seller of the most expensive polished diamond ever sold at auction has broke another record with the sale of the largest fancy vivid pear-shaped pink diamond. The 15.38-carat diamond – named โUnique Pinkโ – sold for $31.56m (ยฃ21.8m) at Sothebyโs Geneva on Tuesday 17 March and became the most…
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