News
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Oct- 2020 -7 October
Diamond breaks world record for online auction bid
A 102.39 carat D Flawless oval diamond has been sold at Sotheby’s Hong Kong auction for $15.7m (£12.2m), breaking the world record for the highest value ever bid for a jewel in an online auction. Before its sale, the highest price paid for a jewel in an online auction was…
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7 October
Rosberry’s reports strong auction sale
Rosberry’s London has reported strong sales for its Jewellery and Watches Auction, which took place on 22 September. The auctioneer reported a sold rate of 82% to local and international bidders. Among the items being sold included diamonds, which were estimated to sell between £4,000-6000 but sold for £7,500, and…
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6 October
Lucy Slyvester launches Autumn collection
Lucy Slyvester has revealed her new Autumn jewellery collection for the Halloween season. The Oxfordshire-based designers’ new line includes designs based on stag beetles, flies, moths, dragonflies and crab claws, all created with either solid silver or gold. Slyvester believes the new collection’s pieces ‘‘are a perfect fit for an…
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6 October
Watches of Switzerland raises guidance as sales surge
Watches of Switzerland has announced that revenue for the first 10 weeks of Q2 has been “stronger than expected” at £202.7m, up 20.2% in constant currency and 18.3% in reported terms against the prior year. The group also reported sales to date of £145.1m, up by 12.6% against the prior…
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5 October
Hatton Garden burglar ordered to pay back nearly £6m
The final member of the Hatton Garden burglary gang to be jailed has now been ordered to pay back nearly £6m by the Met Police, or serve an extra seven years in jail. Michael Seed was sentenced to ten years’ imprisonment in March 2019 after being found guilty of conspiracy…
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5 October
De Beers launches ReSet initiative
De Beers Group has announced the launch of Reset, a new initiative by the diamond company to engage in conversations with jewellery designers around sustainability and to promote the positive impact of natural diamonds. The ReSet Collection launches today (5 October) and is a collaboration with five leading US designers,…
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2 October
Demand for yellow gold jewellery ‘resilient’, says NAJ
UK retailers are seeing growing demand for yellow gold jewellery, according to the NAJ’s retail ambassador Helen Dimmick. According to the association, gold prices since the start of lockdown have “driven sentiment that the yellow metal has lasting value and pushed customers increasingly to seek repairs and remodelling of their…
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2 October
TJA-Connect launch virtual trade show for Christmas
The Jewellery App-Connect (TJA-Connect) has launched a virtual trade show to help retailers and traders in time for Christmas. The TJA-Connect is adding the virtual trade show to their business-to-business directory ahead of the holiday to ‘‘to give the trade a helping hand, virtually in time for Christmas’’. The online…
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1 October
Alkemistry to have Kumachi event at London Craft Week
Alkemistry has revealed it will have a presence at London Craft Week, with an event promoting their Kumachi bracelet. The brand is hosting a workshop at its jewellery store which will allow customers to learn about how to make their own Kumachi bracelets. The Kumachi bracelet, which was created during…
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1 October
Diamond auction set to break three world records
Sotheby’s Hong Kong is set to hold an “unprecedented” online auction of a 102.39 carat D Flawless oval diamond on 5 October. According to 77 Diamonds, the piece is expected to sell for tens of millions of dollars, without reserve, selling to the highest bidder irrespective of the price offered.…
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