News
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May- 2025 -8 May
Pandora lowers profit guidance amid tariff fears
Pandora has revealed that it has lowered its EBIT margin guidance for the full year to “around 24%”, down from 24.5%. The retailer cited currency fluctuations and ongoing uncertainties around US trade tariffs as key factors behind the reduction in its margin expectations. Despite this, the company saw its sales…
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8 May
De Beers to close lab-grown diamond brand
De Beers Group has announced its intention to close its lab-grown diamond jewellery brand, Lightbox, marking its commitment to natural diamonds. As part of the closure process, De Beers Group is discussing the sale of certain assets, including inventory, with potential buyers. The business was launched with transparent linear pricing…
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8 May
BoE cuts interest rates to 4.25%
The Bank of England (BoE) has cut interest rates to 4.25%, down from the previous rate of 4.5%, marking the fourth rate cut since last year’s peak of 5.25%. At its meeting ending on 7 May, the bank’s monetary policy committee (MPC) voted by a majority of 5–4 to reduce…
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7 May
Hallmarking slump narrows to 1.8% in March
The total number of items hallmarked by the four UK Assay Offices saw a modest decline of 1.8% in March compared with 16.8% in February. In total 5,36,442 pieces of jewellery were hallmarked in March 2025 compared with 5,46,530 in 2024, a decline of 10,088. Gold hallmarking was up 5.2%…
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7 May
Jewells to open at Eldon Square and Lakeside
Jewellery brand Jewells has announced that it is set to open two new stores in Lakeside, Essex and Eldon Square, Newcastle. The 1,000 sq ft store in Lakeside shopping centre, which opens on Friday 30 May, is one of seven UK Jewells locations launching on the same day as part…
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6 May
Dior unveils the Diorexquis collection
Dior has announced the launch of its Diorexquis Haute Joaillerie collection, inspired by Christian Dior’s legacy. The artistic director of Dior Joaillerie has designed a line, with three themes; enchanting landscapes, delicate bouquets and magical galas and three pieces; a necklace, ring and earrings. Featuring an interplay of volumes and…
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2 May
Wolf and Marla Aaron launch the Baby Everything Box
Wolf has announced that it has joined forces with New York-based designer Marla Aaron, to launch a new jewellery box, the Baby Everything Box. The new design is a scaled down take on Aaron’s original Everything Box. She is known for her lock and carabiner inspired creations. The piece is…
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2 May
Carolina Bucci partners with Make-A-Wish UK charity
Eponymous jewellery brand Carolina Bucci has partnered with Make-A-Wish UK charity with the launch of three limited-edition sterling silver bracelets to support its Art of Wishes charity initiative. The Wish children were invited to attend a creative workshop with Bucci in her design “mood room” in London in January. Each…
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1 May
Wolf to make Luxury by JCK debut
Wolf has announced that it will exhibit at Luxury by JCK, in the Venetian hotel in Las Vegas in June, its first appearance at the event. Wolf will present the new edition of the ‘Ballet’ musical jewellery box collection, Sleeping Beauty. It features two interchangeable hand-painted ballet dancers with different…
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1 May
De Beers Auctions resumes operations after Botswana relocation
De Beers Group has announced that its Auctions business has resumed operations following the successful relocation of the business’s headquarters from Singapore to Gaborone, Botswana. The completion of this relocation unites De Beers Group’s global diamond trading activities in Gaborone, enhancing “operational efficiency and supporting Botswana’s position as a major…
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