News
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Dec- 2022 -19 December
Laings announces £60m turnover in post-pandemic rebound
Retail jeweller Laings has announced a 62% increase in turnover, up to £60m, in its results for the year ended 31 May 2022. The company’s pre-tax profit was £5.4m up from £2.8m in 2021. Its gross margin also rose to 34% from 32.8%. The results were supported by “healthy growth”…
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16 December
Goldsmiths upgrades Solihull showroom
Goldsmiths has relocated its Solihull showroom to a new larger location in the Touchwood shopping centre. Goldsmiths’ Solihull features a whole new interior design, and includes Goldsmiths diamond jewellery offering alongside engagement, wedding, and eternity rings, and a large new hospitality area plus a repairs and service lounge. Craig Bolton,…
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15 December
Bank of England raises interest rates by 0.5% to 3.5%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 3.5%, the highest level in 14 years. At a meeting held on 14 December 2022, the Bank’s MPC voted by a majority of 6-3 to increase rates by…
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15 December
Suzy Levian unveils new Diamondesque collection
Jewellery designer Suzy Levian has launched her latest collection, Diamondesque, made of cubic zirconia and sterling silver looks that aim to mimic the luxuriousness of fine diamond jewellery at a fraction of the price. The sterling silver white cubic zirconia hoop earrings feature three rows of round cut white cubic…
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14 December
So-le Studio opens first flagship store
So-le Studio has opened its first-ever boutique, a flagship store in the heart of Milan located at Via Sant ‘Andrea 10. Over 2800 square metres, it is surrounded by a building with a double loggia dating back to 1600. The flagship store was designed by Fondamenta, a Milan-based architectural practice…
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14 December
Charlotte Reedtz launches first collection
Danish jewellery brand Charlotte Reedtz has launched its first collection entitled Magic Wish. The collection is made up of 16 rings and 15 pairs of earrings that are all available in 18ct white or yellow gold. The feature of each piece is the chosen stone. Each stone within the collection…
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13 December
Astrid & Miyu boosts revenue by 40% with revitalised loyalty programme
Astrid and Miyu has announced a 40% boost to total revenue after revitalising its loyalty programme with data-driven loyalty and engagement platform, LoyaltyLion. It has fifteen stores across London, Bristol, Manchester, Leeds and New York, all offering piercing, welding, jewellery recycling and engraving services as well as contemporary jewellery. This…
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13 December
Irish jeweller teams up with Montblanc for Dublin boutique
Irish jeweller Paul Sheeran has teamed up with luxury retailer Montblanc to open a new boutique in Dublin. The store will be Montblanc’s first in Dublin and will allow Paul Sheeran jewellery to be sold alongside Montblanc’s range of leather accessories. Paul Sheeran Jewellers is an Irish, family owned and…
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12 December
Clogau releases Christmas range
Welsh gold designer Clogau has released its 2022 Christmas range including various pieces of gold jewellery and a Christmas gift box. The highlight of the launch is the 12 days of Clogau gift box which is a limited-edition box worth over £1200 including six unique jewellery pieces and six accessories.…
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12 December
UK economy returns to growth in October
The UK economy returned to growth in October following the period of national mourning after the death of the Queen, according to the latest figures from the Office for National Statistics (ONS). UK GDP is estimated to have grown by 0.5% in October 2022, following a fall of 0.6% in…
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