News
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May- 2020 -18 May
Impact of Covid-19 on platinum market ‘less than expected’
The impact of the global pandemic on the platinum market has been “less than expected”, according to the World Platinum Investment Council (WPIC). In its Platinum Quarterly publication for the first quarter of 2020, the group claimed the net effect of the pandemic was “less than feared”, despite having a…
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18 May
Missoni partners with Timex Group
Missoni has announced a new license agreement with Timex Group that will see the development and distribution of a new timepiece collection. The line of watches will “combine the impeccable precision of a Swiss Made movement with a rigorously Made in Italy design”, and feature characteristic Missoni additions such as…
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15 May
IEG launches #Safebusiness for jewellery shows
The Italian Exhibition Group (IEG) has announced the launch of its new #Safebusiness project in efforts to ensure its upcoming jewellery shows, Vicenzaoro and Oroarezzo can go ahead safely. IEG worked alongside its outfitting and catering companies, technicians and international operators in order to formulate the plan, and the project…
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15 May
Astrid & Miyu supports Women’s Aid
Astrid & Miyu has announced it is supporting Women’s Aid by donating 100% of profits from its Rainbow Collection to the charity which supports domestic abuse survivors. Support from the London-based jewellery brand follows findings from a recent Women’s Aid survey that found abuse has worsened since the start of…
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15 May
WFDB announces new committee for Get Diamonds
The World Federation of Diamond Bourses (WFDB) has announced the new ownership committee of its subsidiary Get Diamonds. In a letter, Yoram Dvash, acting president of WFDB announced the appointment of 12 members of the committee, which include five representatives of major bourses, five diamond dealers from various countries and…
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15 May
IRC launches ‘We are open’ scheme amid Covid-19 crisis
The Independent Retailers Confederation (IRC), a group of trade organisations representing different independent retail sectors across the UK, has launched ‘We are open’, an online map and directory of independent shops that are still open and operating responsibly during the Covid-19 pandemic. Under the government’s guidance some high street retailers…
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14 May
Hean Studio resumes operations
Hean Studio has revealed it is now reopen for business. The precious metal castings specialist had initially stopped operations in light of the ongoing pandemic. However, it has now reopened with a team of skeleton staff in order to keep employees safe and enable social distancing in line with government…
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14 May
Online retail sales soar to 10-year high amid Covid-19 crisis
Online sales growth surged to a 10-year high in April, up 23.8% year-on-year, amid the ongoing Covid-19 pandemic. That’s according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. According to the report, the spike in sales was “overwhelmingly” driven by…
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14 May
Usdaw welcomes scrutiny of the Protection of Workers as it calls for the bill to progress
Shop workers trade union Usdaw has welcomed further scrutiny of the Protection of Workers (retail and age-restricted goods and services) (Scotland) Bill (Scotland) at the economy, energy and fair work committee meeting. Usdaw calls for the bill to complete stage one and progress to stage two of the legislative process,…
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14 May
Watches of Switzerland reports 5.9% increase in revenues in Q1 results
Watches of Switzerland has reported a 5.9% increase in group revenues to £819.3m in the year to 26 April, ahead of recently revised guidance. In the 46 weeks to 15 March 2020, group revenue increased by 15.8% across both the UK, which was up by 9.4% and the US, which increased…
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