News
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Aug- 2019 -27 August
Pursuit reveals automated picking list innovation
A unique stock management tool is one of three new products being launched at IJL by jewellery sales, inventory and back-office systems technology producer Pursuit. The new innovation, Pick-lister, removes the need for compiling picking lists manually. It combines software with a handheld device that records the barcode and a…
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27 August
FF Group searching for Links of London buyer
Links of London owner Folli-Follie Group (FF Group) has confirmed that it has appointed firms Deloitte and Savigny to the potential sale of the retailer. Last week Sky News reported that the group had been looking for a new owner, with sources telling the broadcaster it was “almost inevitable” a…
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21 August
CMJ revenue plummets 41% but profit returns
The Company of Master Jewellers’ revenues have fallen by 42% according to its latest accounts, published on Companies House this morning. Turnover for the business fell from £4.16m to £2.42m in the 12 months ending 31 March 2019 compared with the previous year, and “sales value of goods purchased by…
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20 August
Taylor & Hart raises £3.6m for latest funding round
London-based e-jeweller Taylor and Hart has completed a landmark funding round led by Active Partners, the total round amounts to just over £3.6m participation from existing investors Launchub Ventures. With this latest round of funding, the jeweller will continue working towards a vision of ‘disrupting’ the process of buying fine…
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20 August
Gold slumps 7.3% in July hallmarking
The number of gold pieces hallmarked in July 2019 decreased by 7.3%, according to figures compiled by the Birmingham Assay Office. Palladium also decreased by 30.3% to 4356 pieces hallmarked, and the amount of platinum pieces hallmarked during the month decreased by 2% to 26,599 items. However, the average volume…
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20 August
Isabella Liu to release new ‘nature’ inspired collection
Jeweller Isabella Liu is set to release the Butterfly Lovers line of jewellery, which draws its inspiration from nature. The collection also takes inspiration from the legend of Liang Shanbo and Zhu Yingtai, the ‘Chinese Romeo and Juliet’. The lovers’ spirits, portayed in the form of a pair of butterflies,…
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20 August
EC One becomes B-Corp certified
London based jewellery boutique EC One has become the second jeweller in the UK to become B-Corporation Certified. The accreditation process to become a B-Corp involves an in-depth analysis of the business’ entire social and environmental performance, to assess its impact on its workers, community, environment and customers. Other well-known…
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14 August
Over 50 retailers sign letter demanding business rates fix
Over fifty major retailers have come together to demand the government takes action to fix the “broken” business rates system. In a letter to the new chancellor, Sajid Javid, retailers have called on the government to put business rates “at the heart” of the promised new economic package. The letter,…
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14 August
Watches of Switzerland revenues jump 17.8% in Q1
Watches of Switzerland has reported a 17.6% increase in total revenue to £209.4m for the three months to 28 July 2019. The group also saw “strong” like-for-like growth of 10.8% during the period, with sales increasing by 11.5% and 8.7% in the UK and US respectively. During the last three…
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14 August
Houlden appoints James Rice as director
Luxury jewellery consortium, the Houlden Group, has announced the appointment of James Rice as the latest director to join the board. Rice is currently sales and marketing director of Hull based Hugh Rice, a luxury family-run jeweller founded in 1965 which has since expanded from Hull and Beverley, throughout Yorkshire…
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