News

Festive jewellery spending increases 29% YOY, Mastercard reveals

Jewellery spending has increased 29% year-on-year in the run up to Christmas, according to the latest data by Mastercard SpendingPulse. Events such as weddings were seen as a key driver for the uplift in jewellery sales, as is the assumption many wanted to treat themselves and loved ones this Christmas.…

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B​​erry’s to open third York store

Berry’s, a luxury jewellery specialist, has announced the opening of a new premises on York’s Stonegate next spring, marking the company’s third store on the street and in the city of York. The new premises will cover a total of 70 square metres of retail space, alongside the two current…

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Andre Michael launches new tanzanite collection

Jeweller Andre Michael has announced the launch of a new collection of premium, responsibly sourced tanzanite jewellery, which is now available to retailers in the UK and Ireland. The evenly saturated deep blue tanzanites, weighing between one and four carats, feature in a wide assortment of fine jewellery items. The…

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Petra Diamonds ​​sees Q3 sales up 30.7% to £96.7m

Petra Diamonds has announced its Q3 sales for FY22 totalled $128.3m (£96.7m), up 30.7% year-on-year compared to $98.1m (£73.9m) in Q3 FY21. The company’s Q3 results also increased by 11.6% compared to $114.9m (£86.6m) in Q1 FY22. Altogether, the sales combined to a total of $264.7m (£199.6m) year-to-date in FY22,…

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SGT teams up with Ethical Metalsmith

The Scottish Goldsmiths Trust (SGT) and Ethical Metalsmiths have teamed up to bring the Radical Jewellery Makeover (RJM), a community jewellery mining project which started in the USA – to the UK for the first time. Between now and 7 January 2022, the RJM Scotland team is asking people to…

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De Beers Group appoints managing director

De Beers Group has announced the appointment of Thembinkosi Moses Madondo as managing director of De Beers Group Managed Operations, effective from 1 January 2022. The appointment follows the announcement that Nompumelelo ‘Mpumi’ Zikalala will leave the business to take up the position of CEO of Anglo American’s Kumba Iron…

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Alrosa diamond sales surge 71.7% to £2.95bn

Alrosa has reported its total rough and polished diamonds sales increased by 71.7% in the first 11 months of 2021, up to $3.91bn (£2.95bn) from $2.28bn (£1.72bn) in 2020. This total includes $3.73bn (£2.81bn) of rough diamond sales and $179m (£134.95m) of polished diamond sales. Meanwhile, the company’s rough and…

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Lesche launches new Christmas collection

Ahead of the holidays and the new year, Lesche has released five new styles of bracelets and necklaces from its Christmas collection. The new releases, which come in green, red, black and white, as well as daintier stones, are made from 18k gold-plated brass and secured with a gold clasp.…

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Alrosa and AWDC renew cooperation agreement

Alrosa has announced a renewal of its cooperation agreement with the Antwerp World Diamond Centre (AWDC), the official representative of the Antwerp diamond industry. The objective of the agreement is to improve the scope and efficiency of the ties between Alrosa and AWDC, and to commit to supporting the diamond…

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Vurchoo launches new ‘Studs of Hope’ collection

Jewellery brand Vurchoo has launched a new ‘Studs of Hope’ collection of affordable earrings. Comprising gold, silver and mixed metals as well as ethically sourced gemstones, Studs of Hope brings ethical jewellery to the masses for £36. Each design, which ranges from the colourful ‘Not So Evil Eye’ of Guatemala…

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