News
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Aug- 2021 -4 August
Birmingham Assay Office to launch LGD screening service
The Birmingham Assay Office has announced that it will now screen laboratory-grown diamonds (LGDs) as a part of its jewellery valuation service. SafeGuard Valuations will automatically screen all diamond-set items to determine whether they are natural or potential lab grown. It comes in a bid from the organisation to support…
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3 August
Hamilton and Inches celebrates 155-year anniversary with new exhibition
Hamilton and Inches has announced a new “Celebrating our Craft” exhibition from 26 August until 5 September 2021 to celebrate its 155-year history. Located at its recently renovated showroom in Edinburgh, the exhibition highlights the work of generations of artisans, with the earliest piece dating back to 1887. Amongst the…
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3 August
Prestons acquires majority stake in Winsor Bishop
Fine jewellery company Prestons has acquired Winsor Bishop, a Norwich-based independent family jewellers, for an undisclosed sum. According to documents filed on Companies House, Prestons’ holding group Davane Holding now owns a 75% stake in the Norfolk company. In turn, the firm has the right to “directly or indirectly” appoint…
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2 August
Myne London partners with Octavia Elizabeth on sustainable emeralds
Myne London has announced a new partnership with Octavia Elizabeth to supply the brand with ethical, sustainable and traceable emeralds. The jeweller currently offers a traceable route to market for emeralds from Swat Valley, Pakistan, whilst providing opportunities for women local to the region within the gemstone trade. The business…
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2 August
Fope H1 revenues soar 44% to £12.5m
Italian fine jewellery group Fope has reported a 44% year-on-year revenue growth to €14.6m (£12.5m) in H1 FY21. The figure represents a return to group revenues that are “essentially in line” with the company’s pre-pandemic H1 FY19 results. Moreover, Fope revealed that EBITDA for the period reached €2.4m (£2.05m), a…
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Jul- 2021 -30 July
Global gold demand holds steady in Q2
Global demand in gold held steady during Q2 FY21 at 955.1t, a year-on-year decline of 1% from Q2 FY20’s 960.5t. According to the World Gold Council’s latest gold demands trends report, this has come as a result of increasing consumer demand being offset by “less bullish” investors. The three months…
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30 July
Lucara recovers 393.5 carat white diamond
Lucara Diamond has announced the recovery of a 393.5 carat top “white Type IIa gem” quality diamond from its 100% owned Karowe Diamond Mine located in Botswana. The diamond was recovered from direct milling of ore sourced from the M/PK(S) unit of the South Lobe. During the same production month,…
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29 July
Alrosa commits £155m to ESG initiatives in 2020
Alrosa, the global diamond company, has revealed its social and environmental investments totalled $216m (£155m) in 2020. The investment represents approximately 8% of the group’s total revenue for the year, and consisted mainly of social commitments. Some $141m (£101m) was contributed towards pension funds under non-state insurance programmes for employees,…
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29 July
Jack Murphy Jewellers raises £1,200 for charity
Jack Murphy Jewellers has revealed that two of its employees raised £1,200 For Pips Hope and Support charity. Employees Rory Murphy and Nuala O’Neill recently took part in a skydive on behalf of the jewellers. The funds raised will enable the development and delivery of this community service during these…
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28 July
NAJ names Continental UK as headline sponsor
The National Association of Jewellers (NAJ) has named fine jewellery supplier Continental UK as its NAJ Summit headline sponsor. Based in Hong Kong, Continental has operated within the UK market for over 45 years through a customer service team in Borehamwood, Hertfordshire. The group is known for its 9k illustration…
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