Manufacturers

Diamond market slows ahead of Christmas period, Rapaport reveals

According to Rapaport, Diamond market sentiment was at its weakest last month after the Hong Kong show demonstrated a slowdown in Chinese demand. With the number of diamonds on RapNet declining by 3.3% in September to 1.45 million, buyers from mainland China are said to be cautious, as the US-China…

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Facets PR goes into liquidation owing £190,000

The jewellery industry public relations firm Facets PR, set up by former Retail Jeweller editor Sarah Carpin, has gone into voluntary liquidation owing almost £190,000. A Statement of Affairs published on Companies House showed Facets Communications Limited – the company’s legal name – had appointed a voluntary liquidator, affirming speculation…

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Q&A: Michael Aldridge on the CMJ’s latest accounts

The Company of Master Jewellers has undergone some key changes in the last couple of years, refocusing the business on its core purpose – a buying group for independent high street jewellers. Michael Northcott caught up with chairman Michael Aldridge in the wake the the CMJ’s new accounts being published…

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CMJ revenue plummets 41% but profit returns

The Company of Master Jewellers’ revenues have fallen by 42% according to its latest accounts, published on Companies House this morning. Turnover for the business fell from £4.16m to £2.42m in the 12 months ending 31 March 2019 compared with the previous year, and “sales value of goods purchased by…

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Family-run Newry Jewellers unveils expansion plans

Newry-based Jack Murphy Jewellers has announced it has plans in place to extend into the corner building next door to the already established Hill Street showroom, acquiring an additional 2,760 sq ft of retail and office space. Work has already begun, with hopes to have the expansion completed in time…

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Waltons of Caversham joins the Hallmark Jewellers Group

Jewellery retailer Waltons of Caversham has joined as the latest member of the Hallmark Jewellers Group (THJ). THJ is an independent jewellery buying group, currently consisting of over 40 retail jewellers with shops established throughout the United Kingdom. Founded in 1986 and currently chaired by Harvey Morgan of Harveys the…

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ROUNDUP: Hong Kong International Jewellery Show in full swing

Organised by the Hong Kong Trade Development Council (HKTDC), the 36th HKTDC Hong Kong International Jewellery Show opened yesterday at the Hong Kong Convention and Exhibition Centre (HKCEC). The five-day show (28 Feb to 4 March) has attracted 2,615 exhibitors from 38 countries and regions, among which Jordan, Latvia and…

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Gold drops 2.8% in November hallmarking

Gold hallmarking fell by 2.8% in November 2018 compared with the same period the previous year, this is despite overall volumes increasing by 1.8% according to figures compiled by the Birmingham Assay Office. The number of gold pieces hallmarked decreased from 492,537 in November 2017 to 478, 589 in 2018.…

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Goldsmiths’ Company Charity to fund new Cambridge research in precious metals

The Goldsmiths’ Company Charity is to support three new PhD studentships at Cambridge University in order to advance research in precious metals and help develop new technical expertise. The Goldsmiths’ Company programme in precious metals research, which will be based at Cambridge’s Department of Materials Science and Metallurgy, will build…

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Alrosa pilots GIA’s M2M programme

GIA (Gemological Institute of America) has announced that Alrosa, the world’s largest producer of rough diamonds, is piloting the Institute’s M2M program. M2M is a digital platform that brings together GIA’s ability to scientifically match rough diamonds to the resulting polished gems with information from each step in the value…

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