Hamilton and Inches posts record sales

Scottish jeweller Hamilton and Inches has announced record sales of £11.3m, an increase of 16%, for the year ended 25 March 2023. It attributed this success to its continued focus on “elegant design and timeless craftsmanship”. The company also posted a pre-tax profit of £1.3m, slightly lower than the £1.4m…

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JQ Diamonds selected for Faberge West Midlands debut

JQ Diamonds has been chosen as the only West Midlands stockist for Fabergé as it celebrates its 180-year anniversary with a capsule collection. This collection comprises the Colours of Love rose gold diamond and ruby fluted ‘180’ egg pendant, as well as the 180 limited-edition rose gold and ruby mini…

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Russian diamond producer Alrosa added to EU sanction list

The world’s biggest diamond producer Alrosa and its CEO Pavel Alekseevich Marinychev have been added to the European Union’s sanction list. In a post on social media platform X, Josep Borrell, foreign policy chief, said: “In line with the diamond ban we have introduced with the 12th package of sanctions,…

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Laings turnover hits £63m amid retail and workshop investment

Laings’ has a reported a 5% increase in turnover to £63.3m for the year ended 31 May 2023. Furthermore, the retailer posted a profit before tax of £3.7m for the period which it stated will be reinvested back into the business. The positive financials come following a programme of investment…

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Jewellery tops festive spending for 2023

UK jewellery and clothing sales have seen significant growth during the holiday period running from 1 November to 24 December, increasing by 8.3% and 8%, respectively, according to preliminary insights from Mastercard SpendingPuls. The report stated that the jewellery category was a “festive favourite”. In total UK retail sales for…

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NAJ welcomes Russian diamond ban despite concerns

The National Association of Jewellers has welcomed the G7’s ban on Russian imported diamonds but has concerns about how it will be enforced. Non-industrial diamonds mined, processed or produced in Russia will be banned by the EU in phases, with the direct ban coming into force on 1 January 2024.…

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F.Hinds opens two new stores

F.Hinds has announced that it has opened two new stores to end the year, in Watford and Stirling, Scotland. The Stirling store, its first ever Scottish site, was opened on St Andrew’s Day (30 November) by sales director Jeremy Hinds. Alongside this, the store in Watford marks the retailer’s return…

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Heulwen Lewis Bespoke launches bridal buttons collection

Heulwen Lewis Bespoke has unveiled a special bridal collection in collaboration with wedding dress designer Lisa Lyons. The idea of the new collection is to offer wearable, bespoke heirlooms from the buttons that detail a wedding dress. Using the style of the dress or significant motifs, Heulwen Lewis Bespoke creates…

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Goldsmiths expands Gateshead showroom

Goldsmiths has announced that it has expanded its Metrocentre showroom in Gateshead. Goldsmiths Metrocentre is located in the lower Green Mall and features a wraparound frontage with two entrances. The showroom is home to jewellery from Goldsmiths own diamond collections as well as a large back wall dedicated to branded…

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Consumer confidence improves during December

Consumer confidence improved two points during December to -22 as sentiment improved ahead of Christmas. All five measures were up in comparison to last month’s announcement. The index measuring changes in personal finances during the last year is up two points at -14; this is 14 points better than December…

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