News
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Jan- 2021 -15 January
Supreme Court sides with small firms in business interruption case
The Supreme Court has delivered its judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case, with the court’s ruling in the favour of small firms potentially forcing insurers to pay out £1.2bn in CBI claims. Following the judgement, thousands of policyholders will now have their claims for…
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14 January
Signet welcomes ‘strong’ holiday trading
Signet Jewelers has reported a period of strong trading over the holiday season, with total sales reaching $1.8bn (£1.3bn), flat to last year, in the nine weeks ended 2 January 2021. In the same period, same store sales improved 5.6% year over year. Meanwhile, e-commerce sales soared by 60.8% against…
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14 January
Hamilton & Inches to hold bespoke items exhibition
Hamilton & Inches has urged anyone who has bespoke items created by its craftspeople during the company’s 155 year history to come forward and be part of the extensive Celebrating Our Craft exhibition which will be on display from March 2021. The jewellers have created special pieces for a wide…
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14 January
Lark and Berry partners with Swedish bank Klarna
Lark and Berry has announced its new partnership with Klarna Bank AB to provide customers a “flexible and alternative” e-store shopping experience. The partnership will allow customers to shop from the safety of their own home by deciding at checkout to pay in three instalments on purchases of up to…
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13 January
BlueRock production increases 10% in 2020
BlueRock has announced that in 2020 the number of carats produced increased by 10% to 15,371 carats from 14,033 carats in 2019, despite the Kareevlei Diamond (KVD) mine being closed due to Covid-19 for a period of 50 days. The company’s processed tonnes increased by 25% to 402,000 tonnes from…
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13 January
Green Rocks Created Diamonds becomes first lab grown grower
Green Rocks Created Diamonds has announced it is the first laboratory grown grower in the world, according to the Gemmological Institute of America’s (GIA) new laboratory grown diamond report. GIA’s report reveals whether the diamond was created by HPHT or CVD, and is the first report which notes whether the…
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12 January
Lucapa’s Mothae diamonds sell for £4.1m
Lucapa has announced that a parcel of 4,676 carats rough diamonds from the Mothae kimberlite mine were sold for a total of $5.6 million (£4.1m). The diamond sale marks the largest carat price received from the Mothae mine in its history with the company. The sale included a number of…
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12 January
NAJ moves June summit to September
The National Association of Jewellers (NAJ) has decided to further delay its all-encompassing membership event due to the ongoing Covid pandemic. The event has already been postponed from September 2020 until June 2021, with the summit now taking place 11-13 September later this year. The summit includes the Retail Jewellers’…
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11 January
Gembridge to protect customers with launch of new escrow account
Gembridge has announced it has opened a U.S. dollar-based escrow account with a Singaporean banking group to provide safe transactions for global buyers and sellers. Gembridge is a regulated marketplace for certified gemstones, pearls and jewellery for a verified community of buyers, sellers and consignees. The company said it will…
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11 January
Tag Heuer appoints Tommy Fleetwood as new brand ambassador
Tag Heuer has appointed five-time European Tour winner Tommy Fleetwood as its new brand ambassador. The British professional golfer will represent the luxury watch brand’s new Connected watch Golf Edition. Fleetwood will represent the luxury smartwatch and will work closely with the Tag Heuer Connected team’s software engineers in Paris,…
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