News
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Mar- 2022 -17 March
Christie’s unveils headline pieces for April auction
Christie’s has announced its April 13 ‘Magnificent Jewels auction, which will be headlined by The Fuchsia Rose, an intense purple-pink diamond of 8.82 carats, priced at $4-6m (£3-4.5m). The auction also includes a selection of coloured and colourless diamonds, along with historic jewels from “renowned private collections”, and an assemblage…
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17 March
Signet Jewelers sales surge 49.7% to $7.8bn
Signet Jewelers Limited has announced its total sales surged 49.7% to $7.8bn (£5.95bn) in the 52 weeks ending January 29 2022 (FY22), up $2.6bn (£1.98bn) year-on-year and up 27.5% on a two-year basis. For the full year, brick and mortar total sales grew 56.2% year-on-year to $6.3bn (£4.8bn) and 17.2%…
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17 March
BoE raises interest rates to 0.75%
The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate the effect of the rising costs of living and the impact that the conflict in Ukraine is having on the global economy. The Monetary Policy Committee (MPC) voted with a…
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16 March
Fabergé expands Heritage Collection with new locket
Fabergé has revealed it has expanded its Heritage collection with the launch of a new locket in honour of National Panda Day. The panda locket is crafted from 18k yellow gold, coated in black and white lacquer and features black diamond eyes and golden paw prints. Sitting on a green…
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16 March
Retail sales monitor shows ‘cause for optimism’, Bira says
The British Independent Retailers Association (Bira) has said there is “cause for optimism” after the recent BRC-KPMG retail sales monitor for February 2022 which revealed that UK retail sales increased 2.7% on a Like-for-like basis from February 2021. According to the BRC the performance comes on top of an improved…
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15 March
NAJ expands team through gov kickstarter scheme
The National Association of Jewellers has welcomed Ahmed Mohammed and Mojtaba Noori into its team as part of the government-funded Kickstart scheme. Mohammed and Noori have joined the team as part of the UK’s plan to help people aged between 16-24 to get back into work. The Kickstart scheme was…
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15 March
F.Hinds launches new Chapelle store in West Midlands Designer Outlet
F.Hinds has announced the opening of its new Chapelle store in the new West Midlands Designer Outlet in Cannock, bringing Chapelle’s portfolio up to 13 stores. The store is fitted with “modern” furnishings and reportedly offers savings of at least 30% off RRP. Chapelle stocks a range of diamonds, jewellery…
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14 March
Hallmarking surges 127% in February
The total number of hallmarked pieces climbed 127.3% to 852,725 February 2022, up from 375,183 for the same period in 2021. According to the Birmingham Assay Office, Gold hallmarked pieces increased 72.8% to 304,854, against last year’s 176, 420. Silver saw the largest increase in hallmarked pieces, jumping 180.8% year-on-year.…
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14 March
H. Samuel owner donates £766k to Red Cross Ukraine
Signet Jewelers Limited, the owner of H .Samuels, has announced the foundation will donate £766k to the Red Cross Ukraine humanitarian relief efforts, through its global network. Signet has also suspended business interaction with Russian-owned entities since the beginning of the invasion, in unity with all those in the world…
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11 March
Programme of events unveiled for Vicenzaoro this March
Vicenzaoro is set to rally sector institutions, thought leaders and key influencers for five days of talks and conferences on the evolution and prospects of the gold and jewellery industry. The event will take place in Vicenza from 17th to 21st March 2022 during the International Jewellery Show organised by…
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