News
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Aug- 2021 -17 August
Unemployment falls to 4.7% as job vacancies hit record high
UK unemployment fell to 4.7% for the quarter to 30 June 2021, a drop of 0.2% when compared to the previous three month period. According to the ONS, this was coupled by a 0.3% rise in the UK employment rate to 75.1% in the same period, closing the gap with…
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16 August
Fabulous announces final physical shop closure
Jo Stroud, the owner and managing director of Fabulous, has announced the closure of the jewellery designer company’s final physical site. Stroud revealed that Fabulous has decided to close its final shop in Leamington Spa after 16 years to meet the growing demand for e-commerce sales. The brand, which traded…
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16 August
BlueRock Diamonds discover 56.6 carat diamond stone
BlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa has announced the discovery of a 58.6 carat stone. Mike Houston, executive chairman for the group stated that the expected sales value of the stone will be “significant” as it is a “D”…
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13 August
Alrosa sees Q2 profits reach £3.1bn amid ‘stronger’ sales
Alrosa has reported that net profit for Q2 climbed 26% QOQ to RUB 30.2bn (£3.1bn) from RUB 24bn (£2.4bn) the previous year as the group experienced a stronger return on sales. Revenue for the period also increased by 3% QOQ to RUB 94bn (£9.5bn) and was primarily driven by a…
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13 August
Michael Spiers to launch new Plymouth showroom
Michael Spiers, the luxury jewellery and watches retailer, has announced that it is set to launch a new Plymouth showroom. Moving from the group’s current 52-54 Cornwall Street location, which it has operated from for over 50 years, the new site will sit at 2 Cornwall Street. With the shop…
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12 August
Ernest Jones launches new engagement ring collection
Ernest Jones has announced that it has enhanced its diamond offering with the addition of the ‘Eternal Diamond: Cut From The Stars’ collection which features 11 engagement ring styles. The new collection, which is priced from £1,599 to £12,500, comprises a centre stone featuring 89 facets (versus the traditional 57…
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12 August
Lucara Q2 revenues soar 517%
Diamond mining company Lucara Diamond Corp saw revenues soar 517% year-on-year to $46.3m (£33.4m) in Q2 FY21. The Canadian group, which operates Botswana’s Karowe Mine, also swung to a net profit of $6m (£4.33m) for the three month period ended 30 June, up from Q2 FY20’s $13.9m (£10m) net losses.…
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11 August
Online retail sales decline eases in July, IMRG finds
The IMRG Capgemini Online Retail Index released today has found that after recording the steepest drops in history for two months in a row, the fall in online retail sales appears to be slowing, which could reportedly signal a return to stability in the near future. The report, which tracks…
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11 August
NAJ names suppliers’ showcase participants
The National Association of Jewellers (NAJ) has announced a list of suppliers participating in the 2021 NAJ Summit’s “suppliers’ showcase”. One of the five core pillars of the inaugural summit, the showcase provides retailers with a chance to reconnect with a range of groups across all three days of the…
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10 August
British Academy of Jewellery announces Final Show winners
The British Academy of Jewellery has announced the names of students who won awards at the opening night of its Final Show 2021 in London. Hosted at exhibition space Koppel 540, this year’s show featured pieces produced by students at the academy’s London campus over the last 12 months, with…
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