News
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May- 2019 -22 May
Watches of Switzerland seeks £660m valuation in London IPO
Watches of Switzerland said it is seeking a market capitalisation of up to £660m in its upcoming London public listing. According to reports the retailer intends to sell shares in a range of 250-277p as it seeks to pay off some of its debts. The retailer is now focusing on…
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22 May
Online retail sales see subdued growth in April
Online retail sales saw sales growth of just 5.2% year-on-year (YoY) in April, according to the latest IMRG Capgemini eRetail Sales Index. The group said this compares “poorly” to the strong performance seen in April of last year (+12.5%), but continued an ongoing trend of subdued growth seen since the…
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21 May
Bea Jareno Jewellery celebrates 15 years of Afiok collection
Bea Jareno Jewellery is set to celebrate 15 years of its Afiok collection by holding a special showcase event. Between the 27 and 30 June, the company will be taking part in the Handmade in Oxford show at the Waterperry House, with a special private viewing on the Thursday evening.…
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21 May
Five arrested over jewellery raid at Amir Jewellers
Five men have been arrested by the Metropolitan Police after the group raided the Amir Jewellers jewellery store in Maida Vale, London. According to the BBC, the thieves were armed with knives, a crowbar and a hammer and rode mopeds during the attack, which took place at around 5pm on…
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20 May
Richemont Group sales jump 27% in 2018
The Richemont Group, which owns Cartier, IWC and Jaeger-LeCoultre, has reported a 27% increase in group sales to €13,989m (£12,261m) for the year ending 31 March 2019. Excluding Yoox Net-A-Porter and Watchfinder, sales rose by 8% at actual and constant exchange rates, and the brand saw growth in all business…
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20 May
Arabel Lebrusan unveils new Crown Collection
Award-winning designer Arabel Lebrusan has unveiled her latest ethical jewellery collection – the Crown Collection. The new collection is a “showcase of elegantly crafted” women’s rings in beautiful diadem, coronet, tiara and wishbone shapes, all set with ethically sourced diamonds. The Crown Collection allows each individual piece to either stand…
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17 May
Kingston Jewellers seeking partners for own brand lab diamond range
Kingston Jewellers has announced five months after the launch of its Nova Lab Diamond Collection sales through the retail and online channels have “exceeded all expectations”. As such the firm has announced it is seeking a new partner for the venture and is relaunching a dedicated online B2C and B2B…
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17 May
Timex launches re-envisaged Q Timex watch
Global watchmaker Tiex has launched Q Timex, a diver-inspired reissue of the 1970s original. The brand said that to modernise the watch for present day wear, Q Timex features a stainless-steel case and bracelet with a domed acrylic crystal and a modern quartz movement. It also features a “diver-inspired” look…
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16 May
RJC appoints new board and committee members at its 2019 AGM
The Responsible Jewellery Council (RJC) held its first virtual annual general meeting this week – appointing a series of new board members. The event, held in partnership with leading software and audience engagement technology provider, Lumi, was broadcasted to all RJC member companies globally from Chatham House in London on…
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16 May
Gold, silver and platinum up in April hallmarking
Both the number of gold and silver pieces hallmarked in April 2019 increased by 6.6% and 3.3% respectively, according to figures compiled by the Birmingham Assay Office. Gold hallmarked pieces increased from 299,542 to 319,410 and silver items increased from 335,827 to 346,798 during the month. Additionally, the average volume…
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