News
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Dec- 2025 -26 December
UK shoppers to spend £3.6bn in Boxing Day sales
UK shoppers are expected to spend £3.6bn during the Boxing Day sales this year, according to the latest Barclays Consumer Spend report, despite a fall in the number of people planning to take part. Barclays said the average Boxing Day shopper plans to spend £253, up from £236 in 2024.…
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24 December
Platinum jewellery demand holds up despite price volatility
Global demand for platinum jewellery has remained resilient in the third quarter of 2025 despite volatility in precious metal prices, according to the latest Platinum Jewellery Business Review from Platinum Guild International (PGI). PGI said elevated gold prices continued to weigh on overall jewellery demand, but platinum gained share in…
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23 December
GIA to introduce redesigned coloured stone reports
The Gemological Institute of America (GIA) will introduce redesigned coloured stone reports and expand its country-of-origin determination services from 1 January 2026. The institute said the updated reports will feature a revised layout intended to present key gemological information more clearly. The changes are designed to make it easier for…
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22 December
Kering to acquire 20% stake in Raselli Franco
Kering has agreed to acquire a minority stake in Raselli Franco Group, one of Europe’s largest independent luxury jewellery manufacturers, in a deal that paves the way for full ownership by 2032. The French luxury group said it will initially acquire a 20% stake in the family-owned Italian business for…
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19 December
LVMH appoints Laura Burdese as chief executive of Bulgari
LVMH has appointed Laura Burdese as chief executive of Bulgari, with effect from 1 July 2026. Burdese, who is currently deputy chief executive of the jewellery brand, will succeed Jean-Christophe Babin, who is stepping down after 12 years in the role. She will report to Stéphane Bianchi, group managing director…
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18 December
Natural Diamond Council reports surge in large diamond discoveries
The Natural Diamond Council has published a new report examining a recent increase in the discovery of exceptionally large diamonds, which it links to advances in mining and recovery technology. The report, Record-Breaking Diamonds, is the latest in the council’s Diamond Reports series and focuses on diamonds weighing more than…
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18 December
BoE cuts interest rates to 3.75%
The Bank of England (BoE) has voted to cut interest rates from 4% to 3.75%, the lowest the level has been since February 2023, and marking the fourth rate cut made this year. The bank’s Monetary Policy Committee (MPC) voted by a majority of five to four to reduce Bank…
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17 December
Richemont UK FY sales rise 5% to record £277m
Richemont has revealed that its UK sales rose 5.3% to a record £277m for the year ended 1 March 2025. Furthermore, the company’s gross profit rose from £113.6m to just under £124m with operating profit almost tripling from £12.5m to £32m. Meanwhile, its net profit for the year jumped from…
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16 December
Thomas Sabo to launch new SS26 jewellery collection
Thomas Sabo is set to launch its new Spring and Summer 2026 jewellery collection on 22 January 2026 in selected stores and online. The collection references 2026 as the Year of the Horse and spans three established lines: Sterling Silver, Rebel at Heart and Charm Club. The ranges are titled…
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16 December
Manish Jogia acquires Newey’s Jewellers
Manish Jogia, the owner of independent jeweller Sonny’s Jewellers and luxury boutique JQ Diamonds, has officially acquired Newey’s Jewellers, further solidifying his investment in the Jewellery Quarter. Newey’s, located in its established premises in the Jewellery Quarter, is now part of Jogia’s expanding jewellery family. Although the long-term plans for…
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