Retailers
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Aug- 2022 -8 August
Hayes & Lake adds four new retailers
Hayes and Lake has announced it will go live in four new stores this week, bringing the number that carry the brand to 12. The new stores include John Baldwin Jewellers in Tavistock, Christopher George Jewellers in Cardiff, Francis and Gaye in Coventry, and David Summerfield Jewellers in Newcastle. Having…
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4 August
Andre Michael launches lab-grown diamond range
Andre Michael has introduced its first lab-grown diamond jewellery range for retailers in the UK and Ireland. The range comprises rings, earrings and pendants which are available in certified D/E/F- colour lab-grown diamonds in classic designs starting from 0.50cts. Much of the offering will be in larger sizes, differentiating from…
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3 August
Diamonds Factory unveils European expansion amid ‘rapid growth’
Diamonds Factory has announced plans to open a European Hub in Dublin, following “rapid” turnover growth from €100k (£83,678k) to €1m (£836,785k) in a year. The jewellers’ Ireland team has doubled in size and will open an operations office in Ireland to meet this new demand, allowing the business to…
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1 August
Amanda Coleman launches new tournamaline collection
Amanda Coleman has unveiled a new one-of-a-kind tourmaline jewellery collection. Each piece is created around one-off, individual, ethically sourced tourmaline gemstones. Every piece is handmade to fit each individual stone. The pink, green or blue gemstones are set in place by 22ct gold vermeil or sterling silver handcrafted leaves. Designer…
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Jul- 2022 -29 July
Jewellery customers lower average purchases
Jewellery customers have lowered their average purchases in recent months as interest rate hikes and inflationary pressures throughout the UK have “dampened” consumer sentiment, according to Lily Arkwright. The sustainable jewellery retailer said it is seeing early signs of shift in consumer sentiment towards high value purchases. It added that…
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28 July
LVMH revenues rise 28% to £23.9bn in H1
LVMH has reported a 28% rise in revenues for the first half (H1) of 2022, from €28.6bn (£23.9bn) in H1 2021 to €36.7bn (£30.7bn), with all business groups achieving double-digit organic revenue growth over the period. The group’s Watches and Jewellery revenues grew 22% from €4.02m (£3.3m) in the first…
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27 July
Rough diamond sales drop in cycle 6 to $630m
De Beers Group has announced the value of rough diamond sales for the sixth sales cycle of 2022 has dropped to a provisional $630m (£523m), down from $657m (£545m) in cycle five. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De…
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27 July
Beaverbrooks profits surge 117% to £35.3m
Beaverbrooks has announced “record breaking” sales as its group operating profit surged 117% year-on-year from £16.3m to £35.3m in FY22, with turnover rising 64.4% year-on-year and 41.3% compared to its most profitable centenary year in 2019-2020. The family-owned national jewellery and watch retailer also saw a gross profit margin of…
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26 July
Leigh-on-Sea based Jeweller nominated for Entrepreneur Award
Leigh-On-Sea-based Jewellery business Inscripture founder Hayley Sturniolo has been named as a finalist in the Great British Entrepreneur Awards. The Great British Entrepreneur Awards, in partnership with Starling Bank, acknowledges and champions the hard work and uplifting stories of business owners across the UK, with an emphasis on their journey…
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25 July
Retail accounts for 10% of UK administrations in 2022, study finds
The retail sector accounted for 10% of administrations in the first six months of the year – the third highest industry in the UK – according to analysis by full-service law firm Shakespeare Martineau. It found more than 620 businesses, 62 of which came from the retail industry, filed for…
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