Current Affairs
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Nov- 2016 -16 November
Hatton Garden BID launches area’s first ‘Christmas gift guide’
The Hatton Garden Business Improvement District (BID) has launched the jewellery quarter’s first Christmas gift guide, in a bid to capitalise on festive spending. Created to promote Hatton Garden and its fine jewellery offering, the guide will showcase over 50 pieces of jewellery including precious designs, bespoke pieces and luxury…
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14 November
London Diamond Bourse members vote in favour of resolution
The London Diamond Bourse (LDB) held an Extraordinary General Meeting on Thursday, 3rd November where the future of the organisation was discussed openly with all members present. The meeting was attended by members from all parts of the trade including workshops, specialist insurers, SME and major diamond dealers. The Council of…
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10 November
Rapaport: Trump victory will improve economy
Trump’s election victory coupled with Republican control of Congress will set the stage for improved economic conditions that will support increased demand for diamonds and jewellery, according to the Rapaport Group. In a statement on the US election result, the firm said lower taxes, higher domestic employment and the end of…
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10 November
Women ‘effectively working for free until end of 2016′ due to gender pay gap
Women will in effect work for free for the rest of the year because of the gender pay gap, a leading campaign group has said. The Fawcett Society has dubbed today (10 November) as Equal Pay Day (EPD) and claimed that the 13.9% pay gap means women are effectively working…
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9 November
Trump win sparks ‘record sales’ as UK investors flock to gold bullion
UK investors are purchasing gold bullion in “record levels” following the news that Donald Trump has been named President of the United States. BullionByPost, the UK’s leading online bullion dealer, said it has already sold £1m in gold bullion today with sales forecast to increase tenfold to £10m by the…
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9 November
Trump victory prompts gold to breach $1,300/oz
The World Gold Council has today released a market update following this morning’s news that Donald Trump has become the 45th President of the United States. Key takeaways from the report are as follows: Financial markets have reacted sharply. Global equity markets have fallen, market expectations of a December US…
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4 November
Helensburgh jeweller to close after 52 years
A jewellery store in Helensburgh, Scotland, is set to close its doors later this month after more than 50 years in business. Webster Jewellers – located on West Clyde Street for the last 52 years – will shut on Saturday 12 November after its owner, Iain Johnston, decided it is…
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3 November
BREXIT: Parliamentary approval needed to trigger Article 50
The government cannot kickstart Brexit without parliamentary approval and a vote from MPs in the House of Commons, the High Court has ruled. The ruling means Prime Minister Theresa May cannot trigger Article 50 of the Lisbon Treaty – the start of formal discussions to leave the European Union (EU)…
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2 November
Jewellery is the UK’s ‘most popular’ collectible investment
Jewellery is the most popular collectible investment in the UK, according to a recent study released by Lloyds Private Banking. It found that out of the one in six UK investors who held collectibles in their portfolio 9% of them invest in jewellery, compared with an average of 7% who…
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2 November
Diamond prices decline in October
Diamond markets were quiet in October with wholesale businesses closing for the respective Chinese, Jewish and Indian holidays. The latest RapNet Diamond Index (RAPI) from the Rapaport Group also found trading slowed as larger US holiday orders were already filled and dealers shifted to accommodate specific requirements from their retail…
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