Current Affairs
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Sep- 2015 -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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Aug- 2015 -21 August
Gem Diamonds cites challenging diamond market as profits fall
UK-based diamond production firm Gem Diamonds has been affected by the challenging diamond market as profits fell in the first half of the year. In its first-half financial report for the six months ending June 30, 2015, Gem Diamonds reported that its pre-tax profits fell from $56.2m (£35.7m) in the…
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20 August
Lucara recovers 336-carat diamond in Botswana
Diamond production company Lucara has recovered a type IIa, 336-carat diamond from its Karowe Mine in Botswana. In addition the company also reported a number of “exceptional” diamonds, including a 184-carat, a 94-carat and an 86-carat stone. A 12-carat pink stone was also recovered, however the company said that it…
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7 August
Winsor Bishop thanks ‘heroes’ following store raid
Winsor Bishop has thanked members of the public for their help following an attempted robbery on the store on Wednesday morning. The Norwich-based jewellery store said it would like to thank all of the “heroes” on London Street who helped during and after the raid on Wednesday morning, when six…
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5 August
Ministers launch consultation on Sunday Trading hours
The power to extend Sunday trading hours for high street shops could be devolved to local authorities, according to plans proposed by ministers today. Under the plans, local councils will be given the power to extend Sunday trading hours within their geographical area, or specific parts of their geography where…
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5 August
Diamond market mood plummets to 2008 levels
Diamond prices fell again in July as market sentiment slumped to levels not seen since the 2008 downturn, according to the latest report from Rapaport. The report said that manufacturers rejected large quantities of rough supply as trading and manufacturing activity plummeted. It said that rough prices are unsustainable due…
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4 August
Paul Spurgeon designs episcopal ring for Bishop of Gloucester
British designer Paul Spurgeon has designed an episcopal ring commissioned by the recently consecrated Bishop of Gloucester, Rachel Treweek. Treweek, who is the third female bishop but the first female diocesan bishop – a more senior position than the other two female bishops, commissioned Spurgeon to design her episcopal ring…
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Jul- 2015 -31 July
Hatton Garden jeweller jailed over stolen watches
Seven men including a Hatton Garden jeweller have been jailed for 64 years for their varying involvement in 10 smash and grab raids across London. Reece Dunford, 31 of Osprey Road, Waltham Abbey, Essex, played a role in all the robberies at high-end shops in the West End. Sometimes he carried…
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8 July
Summer Budget 2015: National Living Wage to be introduced
Chancellor George Osborne has announced the launch of a new National Living Wage that will be launched from April next year. Delivering his emergency budget speech earlier today, Osborne announced that all businesses across the UK will have to pay working people over the age of 25 at least £7.20…
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