News

Pandora reports 8% organic growth in Q2 despite macroeconomic headwinds

Pandora has reported 8% organic growth in the second quarter of 2025, with revenues rising to DKK 7.05bn (£800m) despite foreign exchange, tariff and commodity price pressures. Like-for-like (LFL) sales were also up 3%, while network expansion contributed 5% to growth.  LFL sales rose 8% in the US and 6%…

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46% of independent retailers report lower Q2 sales, Bira finds

Nearly half (46%) of Britain’s independent retailers reported lower sales in the second quarter of 2025 compared with the same period last year, according to new figures from the British Independent Retailers Association (Bira). The decline was attributed to a squeeze on household budgets and falling consumer confidence as key…

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UK quarterly GDP beats expectations despite slowdown

UK GDP grew 0.3% in the three months to June, behind the 0.7% it grew in the first quarter, as a result of US tariffs and higher business costs, according to data from the Office for National Statistics (ONS). However, it is better than expected growth as economists polled by…

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Claire’s appoints Interpath as administrators

Fashion jewellery and accessories brand Claire’s has appointed Will Wright and Chris Pole from Interpath as joint administrators to its UK, European services and European distribution businesses, effective 13 August 2025. With UK headquarters in Birmingham, the company operates 306 stores across the UK and Ireland, employing more than 2,150…

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Claudia Bradby celebrates 25th anniversary with new piece

Claudia Bradby is set to launch a new mantra range that builds on her the world is your oyster designs in celebration of the company’s 25th anniversary. Available from 24 September, the new Glimmers design is double-sided, and offers a touchstone necklace and bracelet delivering the “signature cool-girl charm the…

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Iimpro jewellery marketplace launches in UK

Iimpro, a jewellery-focused social commerce platform, has launched, aiming to make video-led shopping easier for brands, influencers and customers. Founded by industry figures Steven Milne and Davis Fang, the service combines live-streaming, short videos and integrated e-commerce in a single app.  Launched in June 2025, Iimpro allows designer-makers and established…

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Wolf unveils new Asia Pacific sales director

Wolf has announced the appointment of Francesco Musto as its new sales director for Asia Pacific. Musto brings a wealth of experience with over 13 years of experience in luxury retail and e-commerce within the APAC region, including more than six years in the watch and jewellery sector. Most recently,…

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De Beers and Endiama find new kimberlite field in Angola

De Beers Group and Angola’s state-owned diamond company Endiama have discovered a new kimberlite field in the country, the first found by De Beers in more than 30 years. The joint venture intersected kimberlite in July in its first drill hole into a high-priority cluster of targets identified during airborne…

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Lovisa opens first regional store at Queensgate Peterborough

Jewellery retailer Lovisa has opened its newest store at Queensgate Peterborough, its first store in the region. The Australian brand has taken a 1,630 sq ft unit on the centre’s Lower Mall, next to Boots. It offers earrings, necklaces, bracelets, rings, body jewellery and hair accessories, and operates more than…

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Gemfields sells Fabergé to SMG Capital for $50m

Gemfields has announced the sale of luxury jewellery brand Fabergé to US-based SMG Capital for $50m (£37.2m). The company will receive $45m (£33.5m) on completion of the deal, expected on 28 August, and a further $5m (£3.73m) in quarterly royalty payments at 8% of Fabergé’s revenue.  According to Gemfields, the…

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