Retailers
-
Feb- 2018 -16 February
Hunt begins for diamond tycoon Nirav Modi over $1.8bn fraud case
Indian jewellery billionaire Nirav Modi has been accused of ‘cheating’ state-owned Punjab National Bank (PNB) out of nearly $1.8bn (£1.2bn). According to reports he is alleged to have worked with bank employees to obtain huge unsecured loans over a seven-year period, according to a complaint filed by PNB. The borrowed…
Read More » -
16 February
Goldsmiths partners with TAG Heuer for one of a kind design
Luxury high street jeweller Goldsmiths has joined forces with Swiss watch brand TAG Heuer to design a unique watch limited to only 250 units. The ‘Exclusive for Goldsmiths’ TAG Heuer Aquaracer will go on on sale at £1,900, and the design is a product of the first exclusive collaboration between…
Read More » -
15 February
Jeweller reports trilogy engagement ring sales have tripled
Online jewellery retailer The Diamond Store has reported a marked increase in sales of Meghan Markle-inspired three-stone engagement rings for Valentine’s Day. According to the luxury online jeweller, the three-stone diamond ring trend has skyrocketed since Prince Harry announced his engagement to Meghan Markle on 27 November. Since that…
Read More » -
15 February
Olivia Burton to open first bricks-and-mortar store
British accessories brand Olivia Burton is set to open its first UK store in the Covent Garden Market Building in May 2018. Originally an online-only retail brand the company will join a host of other jewellery stores at the building owned by Capital & Counties Properties (Capco). Jemma Fennings, co-founding…
Read More » -
14 February
Harriet Kelsall Bespoke Jewellery expands its portfolio with Primrose Hill shop
Harriet Kelsall Bespoke Jewellery has expanded its portfolio with the opening of a new studio and shop in Primrose Hill, London. The London studio is said to take its cues from a cosmopolitan environment and merges industrial with contemporary design. Conceptualised by Lumsden Design, the space has an ‘urban feel’…
Read More » -
12 February
Retail footfall takes a hit with Scotland showing sharpest decline
Footfall in January decreased by 1.6% year-on-year, showing a deeper decrease than the rate seen for January 2017, according to new figures. New British Retail Consortium (BRC) data showed a drop in footfall across all UK regions, with the sharpest decline being seen in Scotland (4.6 %). Despite footfall falling…
Read More » -
9 February
Goldsmiths unveils refurbished Jersey showroom
High street jeweller Goldsmiths has revealed its newly refurbished Jersey showroom, following a £50,000 investment. Located on the island’s capital of St. Helier, the store has been re-opened with a new shop-fit. The showroom itself has been situated on the corner of Queen Street for almost 20 years, and lies…
Read More » -
8 February
Jeremy France raises over £10k for charity
Independent jewellers Jeremy France have raised over £10,000 for the charity, The Murray Parish Trust. Since October 2016, the retailer has been taking charitable donations for all jewellery polishing, alongside holding in-store events in order to raise the funds. Some of the 25-strong team located in Winchester also scaled Mount…
Read More » -
7 February
Newton Mearns jewellers closes after 45 years
The Eric N Smith jewellers in Glasgow will be closing its doors in April 2018 after attempts to find a buyer for business fell through. Owners Eric and Yvonne Smith told the the Herald Scotland that the difficulty in finding a buyer was because “Yvonne and I are the business”,…
Read More » -
6 February
Consumer spending grows 3.9% in January
Consumer spending increased 3.9% in January, partially driven by price increases that continued to drive uplifts in ‘essential’ spending. That is according to data from Barclaycard, which processes nearly half of the nation’s credit and debit card transactions. Spending growth on day-to-day necessities surpassed 4% for the first time in…
Read More »
