Retailers
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Aug- 2021 -5 August
Astley Clarke to open flagship London store this Autumn
British jewellery brand, Astley Clarke has announced that it will debut its first UK flagship store at Seven Dials’ Monmouth Street, London, this Autumn. Spanning just over 900 sq ft, the jeweller’s first bricks and mortar home will stock fine and demi-fine elevated jeweller. Founded in 2006 by Bec Astley…
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5 August
Gembridge unveils new ethical policies
Gembridge has revealed new policies for listing coloured gemstones on its digital trading platform. The policies cover disclosure, ethical practices and responsible sourcing, to support online purchasing and improve transparency within the trade. The new policy “Trade With Trust” also aims to ensure that the attributes of each stone are…
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4 August
Signet Jewellers renegotiates £1bn ABL facility
Signet Jewellers has announced that it has reached a deal to renegotiate its $1.5bn (£1bn) asset based lending (ABL) facility in a move to wind up the sale of its credit portfolio. The new deal extends the group’s ABL facility by nearly two years until July 2026 with terms that…
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3 August
Hamilton and Inches celebrates 155-year anniversary with new exhibition
Hamilton and Inches has announced a new “Celebrating our Craft” exhibition from 26 August until 5 September 2021 to celebrate its 155-year history. Located at its recently renovated showroom in Edinburgh, the exhibition highlights the work of generations of artisans, with the earliest piece dating back to 1887. Amongst the…
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3 August
Prestons acquires majority stake in Winsor Bishop
Fine jewellery company Prestons has acquired Winsor Bishop, a Norwich-based independent family jewellers, for an undisclosed sum. According to documents filed on Companies House, Prestons’ holding group Davane Holding now owns a 75% stake in the Norfolk company. In turn, the firm has the right to “directly or indirectly” appoint…
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2 August
Myne London partners with Octavia Elizabeth on sustainable emeralds
Myne London has announced a new partnership with Octavia Elizabeth to supply the brand with ethical, sustainable and traceable emeralds. The jeweller currently offers a traceable route to market for emeralds from Swat Valley, Pakistan, whilst providing opportunities for women local to the region within the gemstone trade. The business…
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2 August
Fope H1 revenues soar 44% to £12.5m
Italian fine jewellery group Fope has reported a 44% year-on-year revenue growth to €14.6m (£12.5m) in H1 FY21. The figure represents a return to group revenues that are “essentially in line” with the company’s pre-pandemic H1 FY19 results. Moreover, Fope revealed that EBITDA for the period reached €2.4m (£2.05m), a…
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Jul- 2021 -29 July
Jack Murphy Jewellers raises £1,200 for charity
Jack Murphy Jewellers has revealed that two of its employees raised £1,200 For Pips Hope and Support charity. Employees Rory Murphy and Nuala O’Neill recently took part in a skydive on behalf of the jewellers. The funds raised will enable the development and delivery of this community service during these…
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28 July
De Beers Group sixth cycle diamond sales reach £367m
De Beers Group has announced a provisional value of its rough diamond sale of $510m (£367m) for the period 12 July to 27 July For the sixth sales cycle of 2021. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, the group…
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27 July
Boodles to launch Victoria Leeds site
Boodles, the luxury family-owned jewellers, is set to launch a Victoria Quarter store at Hammerson’s flagship Victoria Leeds shopping area. Due to open later this year, the shop will span 4,500 sq ft, while joining a number of luxury brands at the centre, including Louis Vuitton and Mulberry. The site…
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