News

Price of gold reaches ‘record’ high

The price of gold reached a “record high” of $1,943 (£1,513) per ounce this morning (27 July), amid increasing tensions in the US and China trade row.   The price rise of 2.2% saw gold overtake its previous record that was recorded in the wake of  Black Monday in September 2011.…

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Swarovski to cut 1,600 HQ roles

Swarovski plans to cut around 1,600 roles at its Austrian headquarters in a bid to restructure its business, Reuters has reported.  Amid difficult market conditions and pandemic-related losses, around 1,000 jobs are set to be axed this autumn, with a further 600 to be cut by 2022. Around 4,600 employees…

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Applications for Kassandra Lauren Gordon Fund open tomorrow

Applications for The Kassandra Lauren Gordon Fund, to provide financial support to black jewellers will open tomorrow (28 July). The news comes as The Goldsmiths’ Company announced its collaboration with Gordon,, who wrote an open letter to the jewellery industry highlighting how current practices and systems limit accessibility and entry…

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First public Fellows auction totals £1m

The first public auction to be held by Fellows since March garnered a total hammer price of over £1m.  The Fine Jewellery sale, which took place at the independent, family-owned auction house in Birmingham on 23 July, lasted a total of six hours from 11am to 5pm.  Bidders from all…

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Retail sales boosted in June

The volume of retail sales rose by 13.9% in June against May figures, as non-food and fuel stores continued their recovery in the wake of the pandemic.  According to the latest figures from the ONS, the two monthly increases of retail sales in May and June have brought total sales…

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Former Baselworld organiser launches ‘HourUniverse’

MCH Group, the trade show organiser behind Baselworld, has launched its new platform ‘HourUniverse’, which will hold an event in April in Basel, Switzerland. The company said: “With Baselworld having been put to rest, the MCH teams have put all their expertise and the feedback from customers, buyers, visitors into…

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The Goldsmiths’ Company hosts first virtual freedom ceremony

The Goldsmiths’ Company hosted its first virtual freedom ceremony event on 22 July in the company’s 700-year-history. The company announced five new members took part in the ceremony, with the new Prime Warden, Richard Fox, also recently appointed company history by becoming the first to take office virtually – as…

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E-commerce platform for independent retail launches

Retaissance, a new global platform for independent brands and buyers, is set to unveil its soft launch this week. Independent brands will be able to use Retaissance to build a “comprehensive” online profile, which highlights their key features and brand values. It can also showcase a chosen selection of standout…

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Christie’s Geneva sales total £45m

Christie’s luxury sales in Geneva, which took place over the course of July, realised a combined total of £45,885,630. This total included the sale of 195 pieces of jewellery, 226 watches, and 819 fine wines, with a combined sell through rate of 81%. Registered bidders came from 42 countries, across…

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Lark and Berry releases new podcast episode

Lark and Berry has announced the release of its latest podcast episode, which looks to “dive deeper” into the controversies around mining and growing diamonds. The Diamond Disruptor podcast has been produced by the brand since 2019, and the podcast has now debuted part two of its ‘Controversy’ series. Its…

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