News
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Sep- 2020 -14 September
Insolvent companies cost taxpayers £250m
Insolvent companies that were unable to pay their debts in the first six months of 2020 have cost British taxpayers almost £250m, according to Altus Group. The software group found that the amount paid to former members of staff was up by £133.79m in the period against the prior year,…
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11 September
De Beers takes ‘flexible’ approach to rough diamond sales
De Beers Group today announced the value of rough diamond sales for the sixth and seventh sales cycles of 2020. The provisional sales of cycle seven totalled $320m (£249.7m), up from $287m (£224m) reported in the seventh cycle of 2019. In addition, rough diamond sales in cycle six totalled $116m…
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11 September
Lucy Quartermaine reports 70% sales increase in Q2
Lucy Quatermaine has reported a substantial increase in sales via their website during lockdown and this year’s second quarter. The award-winning jewellery designer, based in Cheshire, saw a 70% increase in sales per month compared to the previous year. Quartermaine saw the largest sales increase of 77% in June, which…
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11 September
Businesses hit by local lockdowns to receive grants
Businesses in England that are required to shut due to local lockdowns will now be able to claim up to £1,500 per property every three weeks, the Government has announced. Chief secretary to the Treasury, Steve Barclay, announced the new funding plan yesterday (10 September) as part of ongoing efforts…
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11 September
LVMH plans counter lawsuit against Tiffany & Co
LVMH has announced it plans to file a counter lawsuit against Tiffany & Co after the collapse of a takeover deal. Tiffany & Co filed a lawsuit against the company after LVMH cancelled its proposed $16.2bn (£12.4bn) acquisition of the French luxury retailer earlier this week. The initial lawsuit was…
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10 September
125,500 retail jobs lost since start of 2020
Some 125,515 retail jobs have been lost since the start of 2020, according to the latest data from the Centre for Retail Research (CRR). Of this figure, 43,381 jobs were lost through administrations, 10,556 through CVAs and 71,578 through rationalisation schemes. The UK’s embattled high street has also seen the…
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10 September
Hublot launches Big Bang Ferrari 1000 GP
Hublot has announced that it will mark the Scuderia Ferrari 1000th Grand Prix by launching the Hublot Big Bang Ferrari 1000 GP on 13 September. The model is available in two versions, with both released in a limited edition of 20 pieces. According to the brand, the first of the…
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10 September
Fellows auctions rare Hennell bracelet
A rare Art Deco diamond bracelet from jewellery designer and silversmith Hennell is now up for auction at Fellows. The piece is set entirely with diamonds, and marks the first Hennell jewellery to be sold by the auction house. The bracelet features as Lot 391 in Fellows’ Fine Jewellery sale,…
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10 September
NAJ encouraging consumers to buy jewellery this Christmas
The NAJ has announced it has actioned a significant fund to deliver a targeted press and PR advertising campaign to influence the general public to buy jewellery this Christmas. The campaign will be delivered by an external PR agency, for a five-figure sum, to influence a targeted group in society…
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10 September
Government launches new ‘bounce back’ plan for retailers
A new series of measures has been announced by the UK Government to support businesses in the consumer and retail industries during the Covid-19 pandemic. The plans, announced by Minister for exports Graham Stuart, will offer immediate support to businesses by ensuring specialists provide advice on online retail and international…
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