Economy
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Jun- 2016 -28 June
Rough diamond demand stable in fifth sales cycle, says De Beers
The De Beers Group of Companies has announced rough diamond demand is stable in its latest sales cycle. Provisional sales for the company’s fifth sales cycle of 2016 stood at $560m (£420m). This was down on the $636m (£473m) raised in its fourth sales cycle of the year, but De…
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15 June
Gold continues to perform well as overall hallmarking figures fall in May
Gold jewellery continued to perform well in May as overall hallmarking figures fell 7.2% when compared with the same month last year. Hallmarking figures from the four UK assay offices – and compiled by the Assay Office Birmingham – found there was a total of 713,564 items hallmarked in May,…
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13 June
Retail footfall edges up in May
Retail footfall edged up 0.3% in May compared with the same month last year, according to data from the British Retail Consortium (BRC) and Springboard. The latest Footfall and Vacancies Monitor found the increase in retail footfall was up on the 2.4% decline seen in April and significantly above the…
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8 June
Jewellery and watch sales grow in May
Jewellery and watch sales grew in May in a month that brought ‘better news’ for UK retailers, according to new research. The latest Retail Sales Monitor from the British Retail Consortium (BRC) and KPMG found jewellery and watches to be third best performing sector, out of 12, in terms of…
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7 June
Polished diamond prices dip in May
The price of polished diamonds declined slightly in May as buyers waited for the JCK Las Vegas show, which took place between 3 to 6 June. Despite this, the Rapaport Group’s RapNet Diamond Index (RAPI) said trading at the show was “relatively weak” with slower traffic than in previous years.…
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2 June
Mobile sales fall for first time this decade
The percentage of online retail sales made through mobile devices fell in the first quarter of 2016 – the first time a decrease has been recorded since tracking started in 2010. That’s according to the latest IMRG and Capgemini Quarterly Benchmark, which found just under half (49.6%) of online retail…
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May- 2016 -24 May
De Beers reports ‘continued stability’ of rough diamond demand
The De Beers Group of Companies has announced the “continued stability” of rough diamond demand, following its latest sales cycle. In its fourth sales cycle of 2016 the company reported rough diamond sales of $630m (£431m) compared with the $666m (£456m) realised in its third sales cycle earlier this year.…
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16 May
9-carat gold soars 15.8% as overall hallmarking figures fall
The number of 9-carat items hallmarked in April jumped 15.8%, despite an overall decline in hallmarking figures. The latest data from the four UK assay offices – compiled by the Birmingham Assay Office – found there was a total of 790,594 items hallmarked in April, compared with 810,831 in April…
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16 May
High street footfall reaches two-year low
The high street has seen its deepest decline in footfall since February 2014, as shopper numbers fell by 4.6% in April. The latest Footfall and Vacancies Monitor from the British Retail Consortium (BRC) and Springboard found that overall retail footfall fell 2.4% compared with the same month last year, although…
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12 May
UK gold jewellery demand up 1% despite worldwide decline
Demand for gold jewellery in UK increased by 1% in the first quarter of 2016, despite an overall gold jewellery decline. That’s according to the latest report from the World Gold Council (WGC), which found global gold jewellery demand fell 19% in the first quarter of the year to 482…
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