Retailers
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Jan- 2021 -15 January
Just Diamonds sees 8% year-on-year rise in turnover
Just Diamonds has announced an 8% year-on-year rise in turnover in the second half of 2020 compared with the same period last year. The company supplies high-quality ring mounts, finished jewellery and mainly bespoke items to customers upon request. The Birmingham-based jewellery supplier said it made the decision to supply…
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14 January
Signet welcomes ‘strong’ holiday trading
Signet Jewelers has reported a period of strong trading over the holiday season, with total sales reaching $1.8bn (£1.3bn), flat to last year, in the nine weeks ended 2 January 2021. In the same period, same store sales improved 5.6% year over year. Meanwhile, e-commerce sales soared by 60.8% against…
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14 January
Hamilton & Inches to hold bespoke items exhibition
Hamilton & Inches has urged anyone who has bespoke items created by its craftspeople during the company’s 155 year history to come forward and be part of the extensive Celebrating Our Craft exhibition which will be on display from March 2021. The jewellers have created special pieces for a wide…
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14 January
Lark and Berry partners with Swedish bank Klarna
Lark and Berry has announced its new partnership with Klarna Bank AB to provide customers a “flexible and alternative” e-store shopping experience. The partnership will allow customers to shop from the safety of their own home by deciding at checkout to pay in three instalments on purchases of up to…
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13 January
BlueRock production increases 10% in 2020
BlueRock has announced that in 2020 the number of carats produced increased by 10% to 15,371 carats from 14,033 carats in 2019, despite the Kareevlei Diamond (KVD) mine being closed due to Covid-19 for a period of 50 days. The company’s processed tonnes increased by 25% to 402,000 tonnes from…
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12 January
Lucapa’s Mothae diamonds sell for £4.1m
Lucapa has announced that a parcel of 4,676 carats rough diamonds from the Mothae kimberlite mine were sold for a total of $5.6 million (£4.1m). The diamond sale marks the largest carat price received from the Mothae mine in its history with the company. The sale included a number of…
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11 January
Gembridge to protect customers with launch of new escrow account
Gembridge has announced it has opened a U.S. dollar-based escrow account with a Singaporean banking group to provide safe transactions for global buyers and sellers. Gembridge is a regulated marketplace for certified gemstones, pearls and jewellery for a verified community of buyers, sellers and consignees. The company said it will…
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8 January
LVMH completes Tiffany & Co acquisition
LVMH, the luxury products retail group, has announced its acquisition of luxury jeweller Tiffany and Co. The sale is set to transform LVMH’s Watches and Jewellery division and complement the group’s distinguished Maisons. Following the closure of the deal, LVMH also announced several leadership appointments, including Anthony Ledru, the former…
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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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