Retailers
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Jan- 2018 -19 January
Tiffany & Co sees sales festive sales increase
New York based jeweller Tiffany & Co has reported a strong performance over the festive period as sales increased worldwide. Net sales increased by 8% over the two month period ending December 31 2017 taking the total to £720m. Comparable sales also rose by 5%. Tiffany & Co attributed the…
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16 January
De Beers launches diamond blockchain pilot
De Beers Group has launched a pilot that uses blockchain technology to provide a tamper-proof and permanent digital record for diamonds registered on the platform. Following the success of an initial proof of concept trial, which resulted in a working prototype, a pilot is now underway involving a small number…
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15 January
High street sees sharpest footfall decline in four years
New figures from the British Retail Consortium (BRC) and Springboard show footfall in the month of December suffered its sharpest decline since March 2013 Total UK retail footfall fell by 3.5% compared with December 2016, while the high street saw a sharper drop, down by 4.6%. Shopping centres suffered a…
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12 January
Partnership with retailers drives digital growth for Adore Jewellery
Adore Jewellery has grown its digital presence thanks to partnerships with some of the UK’s largest retailers. The Swarovski Group brand said it has seen increased online sales following a partnership with jewellery e-tailer The Watch Shop, and national department stores Debenhams and House of Fraser. Following the partnerships, Adore…
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12 January
Shoppers make 80% of retail purchases online
Online shoppers in the UK make 80% of their retail purchases online, up from 74%, according to a new report. The Royal Mail’s ‘Delivery Matters’ report found that the proportion of money being spent online has increased year on year. The average online shopper spends £40 each month on clothes…
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11 January
Investors flee Pandora in 15% share price fall
Pandora’s shares have plummeted by almost 15% in January so far, the largest drop in market capitalisation the company has seen in six years. The bracelet and charms jewellery brand reported 2017 sales of 22.8bn Danish crowns (DKK) (£2.6bn) were up by 15% in local currencies, but below its…
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10 January
Gemfields and Fabergé unveils ‘world first’ laser inscribed emerald
Gemstone supplier Gemfields and fine jewellery specialists Fabergé have unveiled what they claim is the world’s first laser-inscribed emerald. The 4.11 carat, green emerald-cut gemstone was mined at Gemfields’ Kagem emerald mine in Zambia. It was then acquired and mounted by Fabergé as a custom-crafted item for the winner of…
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3 January
V by Laura Vann launches first temporary store in London
V by Laura Vann has launched its first temporary store in Shoreditch to promote its brand. The store will be used as a both a premises from which to sell and as a showroom for press and buyers during London Fashion Week, and is the result of regular exposure at…
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3 January
Goldsmiths’ Craft & Design Council celebrates 60 years with Cartier
The Goldsmiths’ Craft & Design Council will be hosting an event to celebrate the 60th anniversary of its partnership with Cartier. Jewellery specialist Joanna Hardy will lead the ‘In Conversation’ event, which will provide an opportunity to hear from two experienced individuals working with Cartier and take a behind-the-scenes look…
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2 January
Festive footfall disappoints despite increase on New Years Day
Footfall dropped by -10.5% on New Year’s Eve compared with the previous year, according to new retail footfall data. Springboard, a provider of automated footfall monitoring services, reported footfall dropped significantly and unexpectedly on New Year’s Eve across the UK, declining by -10.5% over the 24 hours and by -7.2%…
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