Retailers
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Jan- 2021 -7 January
Menē sees end of year revenues up 64%
Menē has revealed a 64% year-on-year increase in revenue to $21.3m (£15.6m) for the fiscal year ended December 31, 2020 from $13.06m (£9.6m) last year, despite the impact of Covid-19 and lockdown restrictions. The global online 24 karat jewellery brand sold 72,900 cumulative units and received 15,885 customer orders, with…
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4 January
Pandora FY results to exceed previous guidance
Pandora has revealed it expects its financial results for 2020 to exceed the high end guidance range of “-14% to -17%”. The luxury jewellery brand began 2020’s Q4 with “positive” organic growth in October and November, with December being impacted by the phasing of revenue. On average, more than 10%…
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4 January
Alrosa joins Shanghai Diamond Exchange
Alrosa has announced it recently became a member of the Shanghai Diamond Exchange (SDE), a move which will see the group receive more trading opportunities in mainland China. The membership reportedly provides a “great advantage” for direct trade in rough and polished diamonds in mainland China, as well as strengthening…
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Dec- 2020 -24 December
Lucapa recovers seven diamonds and 72 chromites in Australia
Lucapa has announced that seven diamonds and 72 chromites were recovered from a recent loam and stream sampling at the Brooking diamond province in West Kimberley, Australia. The diamond company had previously announced that alongside its partners, it had already identified diamondiferous lamproite at Brooking, where over 1,200 micro and…
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23 December
BlueRock Diamonds recovers two ‘exceptional’ gems
BlueRock Diamonds has announced that the Kareevlei diamond mine has recovered two gem quality exceptional stones of 14.8 carats and 8.7 carats. The company which was founded in 2012, has been producing exceptional quality diamonds and out of its mine near Kimberley in South Africa. The Kareevlei licence area covers…
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22 December
David M Robinson pledges youth charity support
David M Robinson has pledged to support Manchester’s HideOut Youth Zone charity for the next four years. The jewellery and watch retailer said it was inspired to support HideOut Youth Zone after learning more about the charity’s aims and ambitions to support thousands of young Mancunians. David M Robinson, which…
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21 December
RJC sets out ten year plan for SDG
The Responsible Jewellery Council (RJC) has launched ‘The Roadmap to 2030 and Beyond’ to help the organisation realise its sustainable development goals (SDG). The Roadmap to 2030 and Beyond will reportedly set out a clear pathway for the RJC and its members as well as find candidates for the SDG…
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18 December
Watches of Switzerland launches virtual boutique
Watches of Switzerland has announced that it will be using the Vee24 platform to create a ‘virtual boutique’ for customers seeking guidance and inspiration while shopping for luxury watch brands. The group said that following a surge in online sales since May 2020, it has “raised the bar” in how…
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17 December
De Beers Group hits $440m in tenth sales cycle
De Beers Group has announced the value of rough diamond sales for the period 7 December to 16 December the tenth sales cycle of 2020 to be $440m (£323m), up from $426m (£313m) the year before. Despite the restrictions imposed by Covid-19during the period, De Beers said it has continued…
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17 December
Watches of Switzerland profits soar in half-year results
Watches of Switzerland has reported an increase in its half-year profits, with profit rising to £36.2m in the 26 weeks ended 25 October, up from a £9m loss reported the prior year. Total sales fell 2.6% on a constant currency basis to £428.7m in light of forced lockdowns and other…
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