News
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May- 2019 -29 May
Three arrested following Duke Street jewellers smash and grab
Detectives investigating a smash and grab raid at the Hour House jewellery store, which saw Made in Chelsea star Spencer Matthews hide in the jewellery shop’s vault during the attack, have made three arrests. Mathews was there to collect a watch at the jewellers in Duke Street, Marylebone, which was…
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28 May
Retail sales volumes jump 1.8% despite Brexit uncertainty
In the three months to April 2019, the quantity of goods bought in retail sales increased by 1.8%, when compared with the previous three months. This was supported by a strong growth in non-store retailing, which reached a “record high” of 9.4%. When compared with the previous year, the quantity…
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24 May
Retail investment intentions lowest in survey history, says CBI
Retail Investment intentions for the year ahead have weakened to the lowest balance in survey history, at -65%, according to the latest CBI Distributive Trades Survey. It’s a sharp drop from February 2019 (-33%), and comes as retail sales in the year to May fell at the fastest pace since…
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24 May
RapNet to vote on synthetics service
RapNet, the world’s largest diamond trading network with daily listings of over $7.4bn (£5.8bn), will be voting on whether it should provide diamond listing and pricing services for synthetic diamonds. Voting will be limited to registered RapNet members who log in to RapNet.com and will take place from 26 May…
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23 May
Thomas Sabo announces CVA plans, five stores to close
Jewellery brand Thomas Sabo has proposed CVA plans which will see five UK stores close. According to reports the CVA will not affect its wholesale business which is run by Thomas Sabo Germany. The business also plans to move any staff that are affected by the CVA to other areas…
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23 May
Nadine Aysoy updates ‘ancient Chinese-inspired’ Celeste collection
Fine jewellery brand, Nadine Aysoy, has unveiled six new additions to its ‘Celeste’ collection. The collection is inspired by art, sculptures and ancient Chinese tradition, using smooth disks of White Jade, which signifies harmony, courage and unconditional love. The collection features new ring and earring styles, petite designs with smaller,…
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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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