News
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Jan- 2021 -22 January
Retail sales fall to lowest ever annual level
The retail sector has suffered its largest annual fall since records began, with total sales down 1.9% against the year prior, as restrictions on non-essential retail continued to impact the sector as a whole. This was the biggest decline since records began in 1997, according to the ONS. After declines…
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21 January
CMJ appoints two new board members
The Company of Master Jewellers (CMJ) has appointed two new board members to replace members who have retired. Peter Simpkins of Simpkins Jewellers became a new retailer board director on 1 January 2021, replacing Jason Allum of Allum and Sidaway who had served on the CJM for eight years. Judith…
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21 January
Lilienthal Berlin launches new meteorite watch collection
Lilienthal Berlin has released a new limited edition series,“The Infinite Freedom of the Universe” which features real pieces of meteorite in the centre of the dial for a starting price of €1,199 (£1,059). Together with the case made from “high quality” titanium, a scratch-resistant glass case back, Superluminova-coated hands and…
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20 January
Petra Diamonds revenue slides 8%
Petra Diamonds saw revenue fall by 8% to $178.1m (£130m) in the first half of 2020, down from $193.9m (£) the previous year, attributed to the continuous impact of Covid-19. The group sold 1,712,797 carats in 2020, which was marginally less than in 2019, when 1,743,807 carats sold. In 2020,…
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20 January
Goldsmiths’ Company hires new head for 2021 fair
The Goldsmiths’ Company has appointed Matthew Burgess to be the new head of its 2021 fair, covering for Harriet Scott who is on maternity leave. Burgess, a digital engagement and arts professional, has previously worked with leading Mayfair galleries, artists and museums in the UK, as well as around the…
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19 January
Istanbul Jewelry Show postponed until May
Organisers for the annual Istanbul Jewelry Show have announced that the event has now been postponed until 27-30 May 2021. The trade show was originally set to take place between 25-28 March 2021, but has been scheduled in light of ongoing restrictions on international travel. The rescheduled event will take…
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19 January
Alrosa to maintain zero buyout obligations
Alrosa has announced it will maintain its zero buyout obligation on goods allocation for the seventh consequent month. Seeing the diamond industry’s long-term health and stability as a priority, the company said it will keep fully flexible trading conditions for its long-term clients during the first trading session of 2021.…
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19 January
NAJ welcomes new team member
The National Association of Jewellers (NAJ) has appointed Victoria Louise as its new membership liaison. Louise brings years of experience in the jewellery industry, having previously worked at V by Laura Vann as a global sales representative and Espree jewellery, where she was a member of the development team. Furthermore,…
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19 January
Sunak looks to raise corporation tax in March budget
Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated £400bn borrowed by the UK throughout the pandemic. According to The Financial Times, the alleged move has sparked uproar among business owners who claim they are still struggling with the economic impact of Covid-19. However, it…
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18 January
Jewellery industry to become sustainability leader, says new report
The new Jewellery Trend Report by jewellery brand Taylor & Hart has identified that the industry will become a leader in environmentalism and sustainability in the coming years. According to the report, two-thirds of brands are currently monitoring their environmental impact more closely, while consumers are also purchasing jewellery and…
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