News
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Oct- 2019 -18 October
Retail footfall plummets as autumn begins
Footfall in non-food stores fell by 9.9% year-on-year in September, according to the Retail Traffic Index published by Ipsos Retail Performance. Compared with August, the average weekly footfall in the month fell by -7.3%. Additionally, the number of shoppers visiting the high street in London and the south east continued…
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17 October
GIA commits $1.3m to artisanal mining education project
Gemological Institute of America (GIA) in Tanzania will expand distribution of its gem guide for artisanal miners to other communities and countries in Africa. Speaking at the ICA Congress in Bangkok on 15 October, GIA President and CEO Susan Jacques announced a four-year, $1.3m (£1m) commitment, funded from the GIA…
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17 October
JewelStreet to launch Covent Garden pop-up
Online marketplace for independent handcrafted jewellery, JewelStreet, is to launch a jewellery pop-up shop in Covent Garden, London, to celebrate International Jewellery Designer Day from 19 October to 21 October. The pop-up will feature handcrafted jewellery from 30 independent designers, live demonstrations of jewellery making will also be taking place…
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15 October
Silver and platinum up in September hallmarking
Both the number of silver and platinum pieces hallmarked in September 2019 increased by 4.5% and 14.4% respectively, according to figures compiled by the Birmingham Assay Office. Silver hallmarked pieces increased from 361,441 to 377,587 and platinum items increased from 23,055 to 26,383 during the month. However, this was offset…
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15 October
BRC ‘disappointed’ with business rates relief in Queen’s speech
The British Retail Consortium has responded to the Queen’s speech, praising its approach to crime and sustainability but was “surprised and disappointed” at its approach to business rates. Commenting on the speech, which tackled issues such as immigration, crime, business rates and brexit, The BRC said: “The Government should implement…
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11 October
E-Commerce Handbook Case Study: Ruby & Oscar
Give me a brief description of your business Ruby & Oscar was established in 2018. We offer lab created and natural, semi precious stones set within a selection of silver and gold designs. Operating solely online, we are able to pass on excellent savings directly to our customers. What is…
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9 October
Links of London enters administration placing 350 jobs at risk
British jewellery brand Links of London has entered administration, placing around 350 jobs at risk. Matt Smith and Dan Smith, restructuring partners at Deloitte, have been appointed as joint administrators to the company. The brand is owned by the Greek Folli Follie Group, with headquarters in London, and sells luxury…
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8 October
Ingle & Rhode crowdfunds as demand for ethical Jewellery booms
Ethical fine jeweller, Ingle and Rhode launched a crowdfunding campaign earlier this week to help cater for the high demand of ethical wedding bands and wedding rings from millenials. Launched on Seedrs, the funding round has a minimum target of £150,000, representing 4.6% of the business. The investment will be…
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7 October
Chrono24 attracts €43m investment to help fuel growth
The investment comes from new York-based Insight Partners and unnamed Asian finance funds that have made substantial co-investments. Founder and co-CEO Tim Stracke said he is “looking forward to an exciting future”. He said: “Continuous growth without taking major losses has always been an essential component of our growth strategy.…
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7 October
Diamond market slows ahead of Christmas period, Rapaport reveals
According to Rapaport, Diamond market sentiment was at its weakest last month after the Hong Kong show demonstrated a slowdown in Chinese demand. With the number of diamonds on RapNet declining by 3.3% in September to 1.45 million, buyers from mainland China are said to be cautious, as the US-China…
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