Retailers
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Aug- 2022 -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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25 July
Boodles to host exhibition showcasing 225-year story
Boodles is set to host an exhibition at the Lady Lever Art Gallery from 22 October to 5 March 2023, to showcase the jewellery brand’s 225-year story and show how Liverpool has helped shape the company’s growth. The exhibition will feature examples of work by 19th century Liverpool jewellery makers…
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22 July
Retail sales fall in June despite Platinum Jubilee celebrations
Retail sales dropped by 0.1% in June 2022 following a fall of 0.8% in May 2022 despite the Queen’s Platinum Jubilee boost, according to data from the Office of National Statistics (ONS). The data, which covers 29 May to 2 July 2022, revealed that sales volumes were 2.2% above its…
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21 July
Get-Diamonds launches virtual ‘try-on’ tool
Get-Diamonds has launched an augmented reality (AR) tool, ‘Virtual Hand’, that enables users to virtually try-on a variety of diamond rings in different sizes, cuts, and settings, using computerised imaging. Virtual Hand is intended for use by retailers as a service for their customers, and the first stage of the…
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