News
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Aug- 2022 -2 August
Just Diamonds sees 25% surge in FY22 revenues
Just Diamonds has reported a 25% rise in revenues year-on-year in the 2022 financial year (FY22), driven by a “growing appetite” for its lab-grown diamonds and jewellery lines. Just Diamonds is a Birmingham-based supplier of lab-grown diamonds, natural diamonds and gem-set jewellery. The company said that several UK suppliers have…
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1 August
Amanda Coleman launches new tournamaline collection
Amanda Coleman has unveiled a new one-of-a-kind tourmaline jewellery collection. Each piece is created around one-off, individual, ethically sourced tourmaline gemstones. Every piece is handmade to fit each individual stone. The pink, green or blue gemstones are set in place by 22ct gold vermeil or sterling silver handcrafted leaves. Designer…
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1 August
Artisan sees ‘excellent growth’ in diamond sales
Artisan, the jewellery manufacturer based in Hatton Garden, has “far exceeded” its growth targets amid a rise in diamond sales and growth in Artisan’s mount and semi-set mount business. The diamond sales have been via Artisan’s live diamond feed from approved partners across the world, providing customers with access to…
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Jul- 2022 -29 July
Jewellery customers lower average purchases
Jewellery customers have lowered their average purchases in recent months as interest rate hikes and inflationary pressures throughout the UK have “dampened” consumer sentiment, according to Lily Arkwright. The sustainable jewellery retailer said it is seeing early signs of shift in consumer sentiment towards high value purchases. It added that…
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28 July
Vrai unveils Bezel Solitaire collection
Vrai has announced the launch of its latest range, The Bezel Solitaire collection, described as “where modern meets art deco”. The collection features Vrai created diamonds surrounded by a solid gold bezel, marrying the signature Bezel line with the classic Solitaire collection for a “contemporary yet timeless allure.” A 14k…
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28 July
LVMH revenues rise 28% to £23.9bn in H1
LVMH has reported a 28% rise in revenues for the first half (H1) of 2022, from €28.6bn (£23.9bn) in H1 2021 to €36.7bn (£30.7bn), with all business groups achieving double-digit organic revenue growth over the period. The group’s Watches and Jewellery revenues grew 22% from €4.02m (£3.3m) in the first…
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27 July
Rough diamond sales drop in cycle 6 to $630m
De Beers Group has announced the value of rough diamond sales for the sixth sales cycle of 2022 has dropped to a provisional $630m (£523m), down from $657m (£545m) in cycle five. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De…
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27 July
Beaverbrooks profits surge 117% to £35.3m
Beaverbrooks has announced “record breaking” sales as its group operating profit surged 117% year-on-year from £16.3m to £35.3m in FY22, with turnover rising 64.4% year-on-year and 41.3% compared to its most profitable centenary year in 2019-2020. The family-owned national jewellery and watch retailer also saw a gross profit margin of…
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26 July
Leigh-on-Sea based Jeweller nominated for Entrepreneur Award
Leigh-On-Sea-based Jewellery business Inscripture founder Hayley Sturniolo has been named as a finalist in the Great British Entrepreneur Awards. The Great British Entrepreneur Awards, in partnership with Starling Bank, acknowledges and champions the hard work and uplifting stories of business owners across the UK, with an emphasis on their journey…
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26 July
Global jewellery industry to grow by 4%
The jewellery industry is expected to rebound and grow globally between 3-4% over the next four to five years, with demand expected to increase from younger consumers and domestic markets with less international travel taking place, according to The Sheffield Assay Office. During the pandemic, the jewellery industry saw revenues…
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