Current Affairs
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Nov- 2015 -18 November
Christmas kicks off in Hatton Garden with festive light switch-on
Christmas kicked off in Hatton Garden last night (17 November) with the area’s first ever Christmas lights switch-on. Organised by the Hatton Garden Business Improvement District (BID), the event took place between 5pm and 7pm at the corner of Hatton Garden and 120 Holborn, and featured music, entertainment and VIP…
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Oct- 2015 -29 October
£1.6bn of jewellery lost in Britain’s sewers
As much as £1.6bn worth of jewellery may have disappeared down Britain’s drains over the years, according to new research from drainage specialist Lanes Group. The YouGov survey of 2,011 adults found that 14% of Britons had personally lost a piece of jewellery to a drain, with an average value…
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29 October
RapNet suspends members suspected of falsifying GIA reports
RapNet, the diamond trading network from Rapaport, has suspended 10 members pending further investigations surrounding alleged falsifications of Gemological Institute of America (GIA) reports. RapNet said the members have also been suspended by the GIA for allegedly participating in a scheme that hacked into the GIA’s computer system and upgraded…
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9 October
INFOGRAPHIC: The world’s most famous diamonds
The diamond is a stone admired by many, from the Cullinan Diamond which weighed a staggering 3,106.75 carats and was approximately three quarters of a kilo to the Hope Diamond that is allegedly cursed, some famous diamonds have even booked their place in history. In the below infographic Gear Jewellers, a jewellery retailer in…
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8 October
Hatton Garden thief wants to show police where he hid share of loot
One of the Hatton Garden jewellery thieves has claimed that police are ignoring his offer to show them where he hid his share of the loot. Danny Jones, who has admitted his part in the £20m theft at the Hatton Garden Safe Deposit company, says he wants to be let…
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5 October
Local councils to receive control of business rates
Local councils are set to get control of business rates following a major overhaul of the system announced by George Osborne today. Speaking at the Conservative Party conference, Osborne announced that councils will be able to set their own level of rates, giving local authorities the freedom to compete with…
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1 October
Compulsory 30-day refund rules take effect
The Consumer Rights Act 2015 has come into force today which aims to make the law clearer to businesses while offering consumers greater protection. Under the legislation, consumers who buy faulty goods will now be entitled to a full refund for up to 30 days after the purchase. Before the…
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Sep- 2015 -16 September
US high schools to run jewellery sales courses
The Diamond Council of America’s Beginning and Advanced Jewelry Sales courses have been approved by the Louisiana Department of Education for use in the state’s high schools. The move means Louisiana students will be able to choose jewellery sales as a formal study area and gain knowledge and skills for jewellery retail.…
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11 September
Tiffany wins trademark case against Costco
Global jewellery brand Tiffany & Co has won a landmark trademark dispute against Costco in the US. The case concerned Costco’s claim that ‘Tiffany’ is a generic term for a pronged ring. The court found that Costco was liable for trademark infringement and trademark counterfeiting in its use of ‘Tiffany’ on…
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1 September
Hatton Garden Safe Deposit enters liquidation
The Hatton Garden Safe Deposit company, which was hit by a £10m jewellery heist earlier this year, has gone into liquidation. The firm, which is owned by Sudanese father and son Mahendra and Manish Bavishi, appointed accountancy firm SPW after it became insolvent. Speaking to Jewellery Focus, Stella Davis of…
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