News
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Jul- 2019 -25 July
Retail employment falls 2.3%, 14th consecutive quarter of decline
Retail employment has fallen by 2.3% during the three-month period ending 30 June, marking the 14th consecutive month of decline. According to the figures from the BRC, the decline is equivalent to around 72,000 more jobs lost than compared to the same period last year. Full-time employment also saw a…
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25 July
Versus & Versace announces new AW19 collections
Versus and Versace has announced its new AW19 collection watches. Included in the collection is the new Chain Reaction watch, inspired by the namesake sneaker collection, of which it features the same “distinctive” pattern. Topping the case, the bezel is “enriched” with three screws, the Greca and a striped pattern…
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24 July
Guinness World Record set for ‘most diamonds set in one ring’
Prince Bhandari, a Mumbai-based jeweller, has set a new Guinness World Record for the ‘Most Diamonds Set in One Ring’ in 2019. Recreating the Lotus Temple in Delhi, in two-tone 18ct white and rose gold, the ring is studded with 7,777 pieces of round, brilliant-cut natural diamonds of EF colour…
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23 July
Vintage Patek Philippe watch could fetch £65,000 at auction
An “extremely rare” Patek Philippe watch could fetch in excess of £65,000 at Fellows Auctioneers. Lot 185 in Fellows’ upcoming Watch Sale, taking place on Tuesday 13 August 2019, is the 18ct yellow gold chronograph wrist watch which has been dubbed “spider lugs” due to its unusual back. According to…
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22 July
Alrosa raises $6.5m at Vladivostok rough diamond auction
Diamond mining company Alrosa has summed up the results of the international auction for special size rough diamonds (over 10.8 carats) held in Vladivostok, Russia, this July. The company sold 112 gem-quality diamonds weighing 1,780 carats, and the total revenue from the sale of stones amounted to $6.5m (5.2m). Evgeny…
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22 July
Number of insolvencies fall over second quarter
The number of insolvencies in the UK has fallen by 14% for the second quarter of this year. The study compiled by ‘Big Four’ firm KPMG found that 310 companies filed for administration between April and June, a fall of 14% compared with the first quarter. The results are on…
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19 July
Jewelstreet to host interactive jewellery pop-up shop in July
Jewelstreet, the online marketplace for independent jewellery, is hosting a unique one-week pop-up shop at Westgate Oxford from Monday July 22 to Sunday July 28, 2019. The event will feature handcrafted rings, necklaces, earrings and more from 28 of the world’s leading independent designers, including Alison Fern Jewellery, Allumer and…
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18 July
Online retail sales bounce back in June
Online retail sales rose by 8.5% year-on-year, the strongest growth this year, according to the latest IMRG Capgemini eRetail Sales Index. Sales bounced back after a slump in May, which saw online sales suffer their worst growth on record at +1.9%. Clothing recorded the highest growth so far this year…
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18 July
David M Robinson announces inaugural Jewellery Design Awards
Jewellers David M Robinson has announced the launch of its inaugural DMR Jewellery Design Awards, in celebration of its 50th anniversary. In order to enter, schools are invited to design a necklace inspired by the theme of ‘family’, and the competition will be split across two categories, awarding a prize…
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17 July
Watches of Switzerland sees profits surge 181% in FY results
Watches of Switzerland has reported a 181% rise in profits before tax to £20.1m, in its first set of results after the company was floated on the London Stock Exchange. For the year ending 28 April 2019, the group also revealed its revenues surged by 22.5% to £773.5m during the period, and…
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