News
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Jul- 2022 -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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18 July
Footfall drops as heatwave hits UK
Footfall across UK high streets are down -7.3% on last week as the country experiences a heatwave, according to Springboard. However, high streets in coastal towns have seen a surge of footfall, rising by 9.0%. The largest drop was seen in greater London, which was down -13% across high streets…
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18 July
Richemont Q1 sales rise 12% to £2.55bn
Richemont has reported sales growth of 12% for the first quarter ending 30 June 2022, rising from €4.39bn (£3.72bn) to €5.26bn (£4.46bn), with its Jewellery Maisons business also delivering 12% sales growth from €2.51bn (£2.13bn) to €3bn (£2.55bn). The group’s other business areas, mostly composed of Fashion and Accessories Maisons,…
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15 July
Goldsmiths unveils new Belfast showroom
Goldsmiths has opened its first new concept showroom in Northern Ireland, at Victoria Square, Belfast. The new Goldsmiths showroom features a new interior design, as well as a line-up of luxury timepieces and fine-jewellery brands creating a retail environment of the future. It includes a newly introduced, large, dedicated Cartier…
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14 July
Charles Nobel eyes expansion as it celebrates 50th anniversary
Family-owned and run jewellery business, Charles Nobel is celebrating its 50th anniversary, and has said it is focusing on enhancing its range of diamond jewellery for the future. The New Milton business was founded in 1972 by Keith and Jenny Bollard, with the couple moving from the North of England…
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14 July
Robinson Pelham unveils new collections amid 25th anniversary
British fine jewellers, Robinson Pelham, has launched several new collections and updated colourways and iterations of its classics to celebrate 25 years in business. The new collections include Entwined rings which are a limited-edition capsule set featuring two geometric rings, one in carre diamonds with rainbow sapphires, and the other…
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13 July
Cost of living crisis starts to impact sales, BRC finds
On a total basis, sales decreased by 1.0% in June, against an increase of 10.4% in June 2021, according to the latest figures from BRC’s sales monitor. This is below the three-month average decline of 0.8% and the 12-month average growth of 3.0%. UK retail sales decreased 1.3% on a…
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12 July
Scott Henshall and Mark Lloyd combine to launch new range
Fashion designer Scott Henshall and jeweller Mark Lloyd have created and designed a new jewellery range, based upon heraldic and mythical creatures. One of the first pieces from the range was “The Filmcoin cuff” a gold bracelet that was worn by Lady Victoria Hervey at the 2022 Cannes Film Festival.…
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11 July
Ardazaei launches Midnight in the Persian Garden collection
Luxury womenswear brand Ardazaei has launched ‘Midnight in the Persian Garden’, an evening wear collection of red-carpet gowns and cocktail dresses, tailoring, jewellery and accessories. In what the company calls a “poetic ode to the transcendent beauty of nature”, ‘Midnight in the Persian Garden’ aims to honour the complex systems…
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8 July
Cost of living crisis weighs on retail sales growth
High levels of inflation and the deepening cost of living crisis have prompted further slowing of retail sales growth, according to BDO’s High Street Sales Tracker (HSST). It found that total like-for-like (LFL) sales, combined in-store and online, increased by +8.4% in June compared to the equivalent month in 2021,…
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