News
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Jan- 2022 -25 January
Maya Gemstones unveils new multi-purpose collection
Maya Gemstones has introduced the new Listen collection, a range of pieces that can be worn as either ear cuffs or rings – solo or stacked. The collection comprises four multi-purpose pieces, available in plain 18ct white gold, plain 18ct yellow gold and two pieces with mini round-cut brilliants on…
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25 January
Signet raises revenue forecast to £5.77bn
Signet Jewelers Limited has announced its total sales rose year-on-year by 30.4% to $2.4bn (£1.78bn) for the nine weeks ending January 1 2022 (Q4), with its full year total revenue guidance increasing to $7.78bn (£5.77bn). Preliminary same store sales grew by 25.2% year-on-year for the period, and by 35.1% on…
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25 January
How to manufacture in the UK?
When I founded Augustine Jewels over 10 years ago, I searched around for manufacturing in England. I was determined that Augustine Jewels would be Made in Britain. I hope that the key learnings from that period might help others to manufacture in the UK. Step 1 – Manufacturing Strategy The…
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24 January
2021 footfall found to be 31% lower than in 2019
Footfall across all UK retail destinations was –31.1% lower than in 2019, but up from -39.1% in 2020, with retail parks continuing to display a “notable resilience” than either high streets or shopping centres in retaining footfall, according to Springboard’s 2021 report. Springboard said that “it was the three month…
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24 January
Berry’s to launch new collection for 125th anniversary
Luxury jewellers, Berry’s, has announced it will launch an exclusive jewellery collection in the spring to celebrate its 125th year in the business in 2022. In addition to the collection, the jewellers will also launch a number of store openings, events and partnerships, as well as in-store activations across the…
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21 January
White Haathi launches ‘Eye See You’ collection
Jewellery brand White Haathi has launched a capsule collection named the ‘Eye See You’ line. The new capsule is a luxury silver jewellery collection that the company said “amalgamates heritage, minimalism and timeless fashion that creates jewellery as unique as you”. It is crafted with consideration to contemporary, modern Indian,…
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21 January
Richemont Q3 sales rise 32% to £4.72bn
Richemont has reported its sales surged 32% year-on-year to €5.65bn (£4.72bn) in the third quarter ending 31 December 2021 (Q3), up 38% from pre-Covid levels. Over the nine-month period, the group’s growth was led by its Jewellery Maisons division which saw its sales reach €3.34bn (£2.79bn) in Q3, up year-on-year…
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20 January
Hallmarking climbs 46.8% in December
The total number of hallmarked pieces climbed 46.8% to 863,843 in December 2021, up from 588,575 for the same period in 2020.According to the Birmingham Assay Office, gold went up 26.5% to 370,853 in December, against last year’s 293,269. Silver saw the largest increase in hallmarked pieces, jumping 69.4% year-on-year.…
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20 January
De Beers Group executive vice president to step down
De Beers Group has announced that Stephen Lussier, its executive vice president for Brands and Consumer Markets, will step down from his executive responsibilities on 1 April 2022 after serving 37 years with the company. Lussier will continue to contribute to De Beers as a strategic advisor and will continue…
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19 January
Inflation hits 30-year high
Inflation reached 5.4% in December, its highest rate since CPIH stood at 5.1% in May 1992, according to the latest figures from the Office for National Statistics (ONS). It revealed the consumer prices index including owner occupiers’ housing costs (CPIH) rose 4.8% in the 12 months to December 2021, up…
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