News
-
Jul- 2022 -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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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%…
Read More » -
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…
Read More »
