News
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Mar- 2021 -12 March
Victorian necklace to lead Fellows auction
A historic necklace which features 15 different coloured gems is set to go under the hammer at Fellows Auctioneers with an estimate of £2,500 – £3,500. The 15 carat gold multi-gem and enamel necklace from the Victorian era comprises 15 distinct gems, including sapphire, emerald and demantoid garnet. Some of…
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11 March
Goldsmiths to launch revamped store concept
Goldsmiths has announced it plans to enhance its network of stores throughout the UK with a new luxury store concept which will be rolled out from Autumn 2021. The new stores, which have been conceived in partnership with UK-based design collective Quadrant Design, will combine a contemporary luxury design with…
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11 March
Taylor & Heart secures £500k GLIF loan
Taylor and Hart, a bespoke jewellery designer, has secured a £500,000 loan funding from the Greater London Investment Fund (GLIF). The cash injection includes £250,000 in conjunction with the government backed Coronavirus Business Interruption Loan Scheme (CBILS). Founded in 2011, Taylor and Hart offers individual engagement ring designs to its…
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10 March
De Beers Group reaches £396m in rough diamond sales cycle
De Beers Group has revealed its provisional value for the Cycle 2 2021 rough diamond sales for the period 22 February to 08 March 08 March 2021 to be $550m (£396m). The group also revealed its actual Cycle 1 2021 sales value between18 January and 2 February 2021 to be…
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10 March
Pandora posts 12% organic growth for February
Luxury jewellery retailer Pandora has reported a year-on-year organic growth of 12% for February 2021. The month also represented a year-on-year total sell-out growth of 7%, while the quarter to date achieved 4% organic and 1% sell-out expansions when compared to Q1 of FY20. The results are part of a…
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9 March
Pursuit commits £125k to fund for independent jewellers
EPoS software and solutions specialist, Pursuit, has committed £125,000 to an industry support fund to provide greater assistance to independent jewellery retailers looking to update their systems and digital operations. The Pursuit Partnership Fund was created to support businesses that are “ready to take the next step” in EPoS and…
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9 March
Theme for Retail Jewellers Congress revealed
The JET Business Network (JBN) has announced the theme of its Retail Jewellers Congress will be ‘Grow your presence, grow your people, grow your profit’. The jewellery industry summit, which prioritises how digital operations and people can influence profit, will identify the key difficulties for jewellers going into 2021 and…
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8 March
De Beers extends UN Women partnership
De Beers Group has announced the extension of its global partnership with UN Women for a further five years, as it works towards achieving gender parity across its workforce by 2030. The group will now join the newly-formed HeForShe Alliance and said it is committed to increasing the representation of…
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8 March
Platinum sales ‘instrumental’ in jewellery market recovery
The Platinum Jewellery Business Review (PJBR), commissioned by the Platinum Guild International (PGI), has reported platinum sales have been “instrumental” in the jewellery market’s recovery. According to the PJBR, sales surged across key markets over the holiday season, including in China, India, Japan and the US. In the States, platinum…
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5 March
Alkemistry online sales soar 315%
Independent fine jewellery brand The Alkemistry has reported a “record” 315% growth in year-on-year e-commerce sales, despite the pandemic’s impact on business at its Floral Street concept store. In its latest update, the group said it was able to capitalise on shifting consumer trends during the period, as it noted…
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