News
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Jul- 2022 -25 July
Retail accounts for 10% of UK administrations in 2022, study finds
The retail sector accounted for 10% of administrations in the first six months of the year – the third highest industry in the UK – according to analysis by full-service law firm Shakespeare Martineau. It found more than 620 businesses, 62 of which came from the retail industry, filed for…
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25 July
Boodles to host exhibition showcasing 225-year story
Boodles is set to host an exhibition at the Lady Lever Art Gallery from 22 October to 5 March 2023, to showcase the jewellery brand’s 225-year story and show how Liverpool has helped shape the company’s growth. The exhibition will feature examples of work by 19th century Liverpool jewellery makers…
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22 July
De Beers rough diamond production falls 4%
The De Beers Group has reported that rough diamond production fell by 4% to 7.9 million carats in the second quarter of 2022 (Q2), despite a “strong” demand for rough diamonds continuing in the quarter. In Botswana, production decreased by 4% to 5.5 million carats due to lower grade ore…
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22 July
Retail sales fall in June despite Platinum Jubilee celebrations
Retail sales dropped by 0.1% in June 2022 following a fall of 0.8% in May 2022 despite the Queen’s Platinum Jubilee boost, according to data from the Office of National Statistics (ONS). The data, which covers 29 May to 2 July 2022, revealed that sales volumes were 2.2% above its…
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21 July
Get-Diamonds launches virtual ‘try-on’ tool
Get-Diamonds has launched an augmented reality (AR) tool, ‘Virtual Hand’, that enables users to virtually try-on a variety of diamond rings in different sizes, cuts, and settings, using computerised imaging. Virtual Hand is intended for use by retailers as a service for their customers, and the first stage of the…
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21 July
Hallmarking rises 14.6% in June but Gold sees drop
The total number of pieces hallmarked in June 2022 rose 14.6% when compared with June 2021, according to the latest figures from the Birmingham Assay Office. Some 770,358 pieces were hallmarked, compared with 672,021 pieces over the same period in 2021. Silver hallmarked pieces saw the only increase, rising 39.3%…
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20 July
Constantin Wild celebrates 175th anniversary with charity auction
Jeweller Constantin Wild has celebrated its 175th anniversary with a charity auction of a new piece, Tears of Hope. The piece of jewellery, designed by Caterina Murino, is a unique gold brooch which also can be worn as a pendant featuring a 4.58-carat Brazilian rubellite and a small diamond, and…
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20 July
Lark & Berry launches summer 2022 piercings range
Lark and Berry has launched its 14K gold piercing range, Ear Envy, for summer 2022, comprising coloured gemstones and earrings in choices of white diamonds, white gold and yellow gold. The collection comprises a ‘Trio Stone Crawler’ earring in white gold which includes a trio of coloured stones, a ‘Lightning…
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19 July
Dimexon launches first ESG report
Ethical diamond supplier Dimexon has announced the launch of its first Environmental, Social and Governance (ESG) report – “Diamonds with Purpose”. The report aims to highlight ESG achievements over the years and to set new sustainability and ethical goals for 2023, 2025 and 2030. Among its aims include 100% traceability…
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19 July
Petra FY22 revenues hit £486.7m
Petra has announced that its revenues hit $585.2m (£486.7m) in the financial year ending 30 June 2022 (FY22), up year-on-year from $406.9m (£338.43m). This comprises a 44% rise in revenues to $584.1m (£485.81m) from diamond sales, and additional revenues from profit share agreements of $1.1m (£914,903). Petra said the increase…
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