Inflation rises to 2.2% due to energy prices

Inflation increased for the first time this year in July, as energy prices fell less than they did a year ago, according to the latest figures from the ONS. Prices rose 2.2% in July, up from 2% the previous month, but came below analysts previous estimates of 2.3%. Although monthly…

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Gem Diamonds revenues rise by 9% in H1

Gem Diamonds has reported a 9% increase in revenues to US$77.9m (£60.6m) as it sold 56,944 carats in H1 2024 (H1 2023: 52,163 carats). From 1 January 2024 to 30 June 2024 the group also achieved an average price of US$1,366 (£1063.7) per carat and saw a 10% increase in…

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Zedd to launch new additions to Zedd Diamond collection

Zedd has announced the launch of new pieces to its Zedd Diamond collection. The new additions combine textured black zirconium with 18ct rose gold, platinum and both black and colourless diamonds in a range of stylish geometric finishes. At The Jewellery Show from September 1-2, the company will offer a…

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Pandora reports 15% organic growth in Q2 2024

Pandora has reported a 15% increase in Q2 2024 organic growth to DKK 6.77bn (£744m), comprising Like-for-like (LFL) growth of 8%, network expansion of 6% and 1% phasing of sell-in to partners and other. The group’s operating profit (EBIT) also increased from DKK 1.18bn (£134.9m) to DKK 1.33bn (£152m). However…

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Little Grey Moon to launch at Mococo Flintshire store

UK-based jewellery retailer Mococo has announced the exclusive launch of Little Grey Moon, a brand renowned for its “on-trend designs”, “inclusivity”, and “individuality”, in its retail store. The collaboration marks the first time Little Grey Moon’s collections will be available in a physical retail location. Founded by local designer Lauren…

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Michael Jones Jewellers unveils £3m refurb

Michael Jones Jewellers in Northampton has reopened its store following a £3m refurbishment. With the expansion and refit of its One Gold Street home, the company has created a luxurious new high-end destination for customers. The original showroom has been transformed into a dedicated Rolex area over two floors with…

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Diamond prices plummet in July

Diamond prices dropped sharply in July amid slow retail sales and an oversupply in India, according to Rapaport’s RapNet Diamond Index. The seasonal summer slowdown also had a negative effect on sales. The RapNet Diamond Index (RAPI™) for 1-carat goods, reflecting round, D to H, IF to VS2 diamonds, slid…

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Royal Mint unveils new e-waste gold extracting factory

The Royal Mint has announced the launch of a new factory which will extract gold from electronic waste. Located in south Wales, the 3,700 sqm facility uses chemistry from Canadian clean tech company Excir to extract gold from printed circuit boards (PCBs). The factory has scaled the innovative technology from…

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Bonhams appoints Chabi Nouri as global CEO

Bonhams has appointed Chabi Nouri as global CEO of the international auction house. Nouri, who will be based in Bonhams’ headquarters in New Bond Street, London, will take up the position in October 2024 at the 14-saleroom auction house. Swiss-born Nouri has deep knowledge and experience in international luxury and…

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Wolf announces new sales manager

Wolf has announced the appointment of Oliver Archer as its new sales manager for the South of England, Wales and Republic of Ireland. Archer joins Wolf with over a decade of experience in the watch and jewellery industry. He brings a wealth of knowledge gained from roles in luxury retail,…

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