Coronavirus
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Jul- 2020 -29 July
Ch. Dahlinger expands mask collection
Ch. Dahlinger has announced new measures of support for customers with the expansion of its protective, disposable masks collection. The move comes as the boxes and jewellery stands specialist said the development of the pandemic was “still not predictable”, but noted that its latest offering can assist jewellers and goldsmiths…
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28 July
LVMH profit plunges in half-year results
LVMH has announced that revenue in the first half of 2020 tumbled 27% to €18.4bn (£16.8bn) against the year prior. The luxury group, which owns Bulgari and Chaumet, reported that revenue in its watches and jewellery division plummeted by 39% to €1.32bn (£1.2bn) in the period. According to the group,…
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24 July
Retail sales boosted in June
The volume of retail sales rose by 13.9% in June against May figures, as non-food and fuel stores continued their recovery in the wake of the pandemic. According to the latest figures from the ONS, the two monthly increases of retail sales in May and June have brought total sales…
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24 July
The Goldsmiths’ Company hosts first virtual freedom ceremony
The Goldsmiths’ Company hosted its first virtual freedom ceremony event on 22 July in the company’s 700-year-history. The company announced five new members took part in the ceremony, with the new Prime Warden, Richard Fox, also recently appointed company history by becoming the first to take office virtually – as…
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20 July
Footfall sees ‘most modest’ decline since lockdown
Footfall rose by 4.5% last week against the week prior, according to the latest figures from Springboard. The group said this rise was largely driven by high streets and shopping centres, where footfall rose by 6.8% and 4.7%, respectively, while slipping 0.7% in retail parks. While this recorded rise was…
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17 July
Beaverbrooks welcomes mandatory face coverings
Beaverbrooks has embraced the latest government announcement that requires all customers to wear face masks in jewellers from 24 July. While the requirement for shoppers in Wales and Northern Ireland is kept under review, the jewellers said the move was a “really positive step”. The requirement was announced the week…
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16 July
NAJ set to cut jobs
The NAJ has confirmed it is facing a “number” of redundancies following a widespread restructuring programme across several trade associations. The proposed plan was confirmed by the NAJ following the publication of a statement from the British Allied Trades Federation (BATF) interim CEO, which was sent to all federation and…
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15 July
Swatch Group reports 46% drop in sales
Swatch Group has reported a 46% drop in sales in the first half of the year, due to the coronavirus pandemic. Although sales figures nearly halved, the group reported a 21.4% operating margin in its watches and jewellery segment for the month of January. Swatch Group, which owns brands such…
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14 July
Face coverings to be compulsory in shops from 24 July
Wearing a face covering in retail shops and supermarkets will be made compulsory from the 24 July, it is set to be officially announced later today (14 July). It is thought that those who are found to be flouting the new rules may be faced with a fine of up…
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13 July
Businesses must remain Covid-secure, warns HSE
The Health and Safety Executive (HSE) has warned businesses that they must ensure they are Covid-secure as lockdown measures ease across the UK. According to the authority, inspectors will be “out and about”, spot-checking employers that they are complying with health and safety law. HSE defines “Covid-secure” as being “adaptable…
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