News
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Jan- 2025 -14 January
Ramsdens sees profits and revenues surge in FY24
Ramsdens has reported a profit before tax of £11.4m, up 12%, and revenues of £95.6m, up 14%, for the year ended 30 September 2024. The group stated that record profit was driven by growth across all four key income streams. Its gross profit also increased 13% from £45.8m to £51.5m.…
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13 January
Chisholm Hunter profits plummet to £2.63m
Chisholm Hunter has revealed that its profit before tax dropped from £5.35m to £2.63m for the year ended 31 March 2024. The group’s turnover also slightly dipped from £57.91m to £57.884m in the face of a competitive marketplace. Its gross profit also fell from £10.38m to £9.95m. However, looking ahead,…
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10 January
Dior presents Gem Dior collection
Dior has announced the launch of its latest collection, the Gem Dior collection. The collection is “enriched by unprecedented models”, such as earrings in yellow, rose or white gold. The collection also includes a bracelet sublimated by a gradation of sapphires and spessartite garnets. The collection has been designed as…
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10 January
Diamond market remains stable but cautious in 2025
The diamond market was stable in December, with holiday sales matching the industry’s modest expectations, according to Rapaport’s RapNet Diamond Index. However, the diamond trade entered 2025 with caution due to the sluggish consumer demand in the US and competition from the synthetics market. Rapaport reduced prices on the Rapaport…
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9 January
Zambia re-introduces 15% export duty on emeralds
The government of Zambia has re-introduced a 15% export duty on all emeralds effective 1 January 2025. The move revokes a suspension that had been in place since 2020 and directly impacts the world’s largest emerald producer Kagem Mining Limited. Kagem is 75% owned by Gemfields and 25% owned by…
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9 January
Mikimoto launches new Snake brooch to celebrate Lunar New Year
Mikimoto has launched a new Snake brooch in celebration of the forthcoming Lunar New Year. Drawing inspiration from traditional Chinese beliefs, the brooch blends cultural symbolising with contemporary designs. Set in 18K yellow gold, the snake, which features a little spinel eye, slithers along the platinum branch decorated with an…
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8 January
Hamilton and Inches profits fall despite turnover increase
Hamilton and Inches has revealed that its profit before tax fell to £875,787, down from £1.32m, for the year ended 30 March 2024. This fall in profits came despite the company posting a turnover of £11.6m, the second highest year of sales in company history. The company made investments across…
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8 January
Loveness Lee launches new Snake Chinese Zodiac Signet Ring
Loveness Lee has launched its new Snake Chinese Zodiac Signet Ring in celebration of the Chinese Lunar New Year taking place on 29 January 2025. Crafted with a textured band and contrasting smooth polished surface, the new unisex signet style ring encapsulates the essence of Chinese heritage through intricately hand-written…
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7 January
BRC warns of 2025 falling sales volume despite December sales growth
The British Retail Consortium (BRC) has warned of possible falling sales volume in 2025 despite the modest increase in total retail sales experienced in December 2024. UK total retail sales in December 2024 increased by 3.2% year on year, against a growth of 1.9% in December 2023, according to new…
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7 January
Tom Wood to launch Snakeskin Rings for Lunar New Year
Tom Wood has announced it will launch its new Snakeskin Rings on 13 January 2025 in celebration of the Chinese Zodiac’s Lunar New Year. Expertly crafted in three of the brand’s signature shapes – Cushion, Kay and Oval – the Snakeskin rings showcases a “unique” variation of the jasper stone,…
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