Retailers
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Aug- 2021 -13 August
Michael Spiers to launch new Plymouth showroom
Michael Spiers, the luxury jewellery and watches retailer, has announced that it is set to launch a new Plymouth showroom. Moving from the group’s current 52-54 Cornwall Street location, which it has operated from for over 50 years, the new site will sit at 2 Cornwall Street. With the shop…
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12 August
Ernest Jones launches new engagement ring collection
Ernest Jones has announced that it has enhanced its diamond offering with the addition of the ‘Eternal Diamond: Cut From The Stars’ collection which features 11 engagement ring styles. The new collection, which is priced from £1,599 to £12,500, comprises a centre stone featuring 89 facets (versus the traditional 57…
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11 August
Online retail sales decline eases in July, IMRG finds
The IMRG Capgemini Online Retail Index released today has found that after recording the steepest drops in history for two months in a row, the fall in online retail sales appears to be slowing, which could reportedly signal a return to stability in the near future. The report, which tracks…
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5 August
Astley Clarke to open flagship London store this Autumn
British jewellery brand, Astley Clarke has announced that it will debut its first UK flagship store at Seven Dials’ Monmouth Street, London, this Autumn. Spanning just over 900 sq ft, the jeweller’s first bricks and mortar home will stock fine and demi-fine elevated jeweller. Founded in 2006 by Bec Astley…
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5 August
Gembridge unveils new ethical policies
Gembridge has revealed new policies for listing coloured gemstones on its digital trading platform. The policies cover disclosure, ethical practices and responsible sourcing, to support online purchasing and improve transparency within the trade. The new policy “Trade With Trust” also aims to ensure that the attributes of each stone are…
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4 August
Signet Jewellers renegotiates £1bn ABL facility
Signet Jewellers has announced that it has reached a deal to renegotiate its $1.5bn (£1bn) asset based lending (ABL) facility in a move to wind up the sale of its credit portfolio. The new deal extends the group’s ABL facility by nearly two years until July 2026 with terms that…
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3 August
Hamilton and Inches celebrates 155-year anniversary with new exhibition
Hamilton and Inches has announced a new “Celebrating our Craft” exhibition from 26 August until 5 September 2021 to celebrate its 155-year history. Located at its recently renovated showroom in Edinburgh, the exhibition highlights the work of generations of artisans, with the earliest piece dating back to 1887. Amongst the…
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3 August
Prestons acquires majority stake in Winsor Bishop
Fine jewellery company Prestons has acquired Winsor Bishop, a Norwich-based independent family jewellers, for an undisclosed sum. According to documents filed on Companies House, Prestons’ holding group Davane Holding now owns a 75% stake in the Norfolk company. In turn, the firm has the right to “directly or indirectly” appoint…
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2 August
Myne London partners with Octavia Elizabeth on sustainable emeralds
Myne London has announced a new partnership with Octavia Elizabeth to supply the brand with ethical, sustainable and traceable emeralds. The jeweller currently offers a traceable route to market for emeralds from Swat Valley, Pakistan, whilst providing opportunities for women local to the region within the gemstone trade. The business…
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2 August
Fope H1 revenues soar 44% to £12.5m
Italian fine jewellery group Fope has reported a 44% year-on-year revenue growth to €14.6m (£12.5m) in H1 FY21. The figure represents a return to group revenues that are “essentially in line” with the company’s pre-pandemic H1 FY19 results. Moreover, Fope revealed that EBITDA for the period reached €2.4m (£2.05m), a…
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