Current Affairs
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Sep- 2016 -30 September
ACID launches campaign to create new UK unregistered design law
Design and intellectual property (IP) lobbyist body Anti-Copying in Design (ACID) is spearheading a campaign to create a new UK unregistered design law. The campaign will aim to ensure that UK designers are not disadvantaged by any erosion or loss of access to EU design rights – both registered and…
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6 September
Mixed month for diamond prices in August
The price of diamonds reported a mixed month in August, as polished inventory increased with steady manufacturing and sluggish demand. The RapNet Diamond Index (RAPI) – from the Rapaport Group – found the price of 1-carat diamonds fell 0.8% in August, while the price of 0.30-carat was flat. The price…
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Aug- 2016 -30 August
Iconic jewellery store to close after nearly 150 years
Prestons of Bolton – known to many as the ‘Diamond Centre of the North’ – is set to close its doors after nearly 150 years of trading in the town. The jewellery retailer, which has been based in Bolton town centre since it first opened in 1869, will shut down…
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24 August
UK Jewellers launch parliamentary petition to restrict offshore UK hallmarks
A group of UK silversmiths and jewellers have launched a campaign to restrict the use of distinctive traditional UK hallmarks, including city marks, to items hallmarked in the UK. For over 700 years UK hallmarks have only been struck in the UK, but the campaign said that there is now…
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23 August
Men in retail sector paid £4,523 more than women
Men in the retail and wholesale sector are paid on average £4,523 more than women, new research has claimed. According to figures released today by the Chartered Management Institute (CMI) and XpertHR, men are more likely than women to have been promoted into senior and higher paying management roles in…
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22 August
‘Unfair contract terms’ costing small firms billions
Half (52%) of small firms have been stung by unfair contract terms with suppliers, costing nearly £4bn in the last three years. New research from the Federation of Small Businesses (FSB) found suppliers are failing to make auto-rollover clauses clear (24%), tying business into lengthy notice periods (22%), charging high…
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18 August
Birmingham Jewellery Quarter reaches another milestone in quest for £2m investment
Several roads around Birmingham’s Jewellery Quarter are set to close this weekend to make way for a major filming production. The closures – beginning at 7am on 19 August until 6am the following day – are for the purpose of transforming the Jewellery Quarter’s streets into a “futuristic America” for…
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16 August
London Diamond Bourse announces EGM to discuss future location
The London Diamond Bourse (LDB) has announced it will hold an extraordinary general meeting (EGM) in the wake of data showing leases in the Hatton Garden area are set to skyrocket. The bourse hopes the meeting will provide an opportunity to consult its members as to the various options available…
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15 August
136.24-carat diamond recovered by Alrosa
Mining firm Alrosa Group has announced the recovery of a 136.24-carat diamond from its Nyurbinskaya mine. The gem-quality rough diamond, which is 3 Black Makeable 1 Сolour, measures 29.32 х 23.88 х 21.9 mm and is one of the largest rough diamonds ever to be recovered at the mine. Currently…
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10 August
Petra recovers 138.57-carat white diamond
Petra Diamonds has announced the recovery of a 138.57-carat white diamond from its Cullinan mine in South Africa. The diamond is classified as Type IIa, D colour, meaning it has high clarity, and will be offered for sale as part of the company’s upcoming sales process in Johannesburg next month.…
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