Retailers

Lily Arkwright’s engagement ring sales jump 73% amid heatwave

Lily Arkwright has reported a 73% rise in engagement ring sales last week (1 to 10 August) compared to the previous year, due to the August heatwave. Lily Arkwright said that the sunny weather has led to a rise in engagements, suggesting that hot weather “makes people feel more romantic”.…

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So-Le Studio creative director to become Sotheby’s guest curator

So-Le Studio has announced a collaboration with Sotheby’s London, which will see creative director Maria Sole Ferragamo become the first guest curator of their auction series The Luxury Edit. The auction series will showcase a city-specific curated collection of luxury items, including jewellery, watches and spirits in London, New York…

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Bernhard H. Mayer unveils nature-inspired jewellery

Qnet’s luxury jewellery brand, Bernhard H. Mayer, has announced new nature-inspired jewellery pieces for its Classics, Elemental and Timeless Tanzanite collections. New pieces to the Classics Collection include Autumn earrings and an Autumn Pendant, featuring precious diamonds and handcrafted 18K gold leaf drops in a pattern inspired by seasonal transformation.…

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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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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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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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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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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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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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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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