News
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Aug- 2022 -9 August
Signet Jewellers acquires Blue Nile
Signet Jewellers Limited has announced it has signed a definitive agreement to acquire Blue Nile, an online retailer of engagement rings and fine jewellery, for $360m (£297m) in an all cash transaction. The strategic acquisition of Blue Nile accelerates Signet’s efforts to expand its bridal offerings and grow its accessible…
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9 August
Bernhard H. Mayer unveils nature-inspired jewellery
Qnet’s luxury jewellery brand, Bernhard H. Mayer, has announced new nature-inspired jewellery pieces for its Classics, Elemental and Timeless Tanzanite collections. New pieces to the Classics Collection include Autumn earrings and an Autumn Pendant, featuring precious diamonds and handcrafted 18K gold leaf drops in a pattern inspired by seasonal transformation.…
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8 August
Hayes & Lake adds four new retailers
Hayes and Lake has announced it will go live in four new stores this week, bringing the number that carry the brand to 12. The new stores include John Baldwin Jewellers in Tavistock, Christopher George Jewellers in Cardiff, Francis and Gaye in Coventry, and David Summerfield Jewellers in Newcastle. Having…
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5 August
UK recession can be averted, claims Truss
In an interview with Sky News’s Kay Burley last night (4 August), foreign secretary Liz Truss claimed she could avert a recession if she wins the leadership contest. The claim comes after the Bank of England projected that the UK would enter a recession in this year’s fourth quarter, with…
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5 August
London Diamond Bourse launches Practical Diamond education course
The London Diamond Bourse (LDB) has launched its new education programme, the Practical Diamond Knowledge course, which marks the LDB’s first in-house training course. The Practical Diamond education course has been developed alongside polished diamond expert Craig Sievewright. The course is aimed at those buying or selling diamonds, and designed…
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4 August
Footfall declines in July as north-south divide grows
Footfall weakened in July to -14.2% below 2019 from -12.3% in June 2022 with the month’s performance also highlighting the growing divide between the north and south of the country, according to the latest data from Springboard. July saw a -17% decline compared with 2019 in high streets, a -18.6%…
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4 August
Andre Michael launches lab-grown diamond range
Andre Michael has introduced its first lab-grown diamond jewellery range for retailers in the UK and Ireland. The range comprises rings, earrings and pendants which are available in certified D/E/F- colour lab-grown diamonds in classic designs starting from 0.50cts. Much of the offering will be in larger sizes, differentiating from…
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4 August
BoE hikes rates to 1.75%, warns UK to enter recession until 2024
The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since 1995. In its latest announcement, the BOE also projected that the UK would fall into a recession in the fourth quarter of the year, which is expected to last for…
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3 August
Vanilla Ink relaunches INKubator Programme
Glasgow based jewellery school Vanilla Ink CIC has announced the launch of its flagship INKubator Programme. Newly designed, packaged and produced, the 2023 INKubator will focus heavily on jewellers skills development, while still maintaining the old feel and structure of prior Programmes. Also new for 2023, Vanilla Ink is producing…
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3 August
Diamonds Factory unveils European expansion amid ‘rapid growth’
Diamonds Factory has announced plans to open a European Hub in Dublin, following “rapid” turnover growth from €100k (£83,678k) to €1m (£836,785k) in a year. The jewellers’ Ireland team has doubled in size and will open an operations office in Ireland to meet this new demand, allowing the business to…
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