News

Goldsmiths’ Company Charity to fund new Cambridge research in precious metals

The Goldsmiths’ Company Charity is to support three new PhD studentships at Cambridge University in order to advance research in precious metals and help develop new technical expertise. The Goldsmiths’ Company programme in precious metals research, which will be based at Cambridge’s Department of Materials Science and Metallurgy, will build…

Read More »

Beaverbrooks operating profit increases to £13.7m

Operating profit before discretionary payments at Beaverbrooks the Jewellers increased to £13.7m during the 53 weeks ended 3 March 2018, its newly published accounts reveal. The company’s annual report and financial statements showed a £1.4m operating profit increase from £12.3m to £13.7m in the 2017/18 period. Annual turnover also increased…

Read More »

Strong double-digit growth for gold and platinum in October hallmarking

Hallmarking increased by an average of 1.6% in October 2018 compared with the same period the previous year, according to figures compiled by the Birmingham Assay Office. This was supported by double-digit growth in gold, increasing by 60,849 to 509,390 hallmarked pieces, and platinum, rising by 4,593 to 28,652 items…

Read More »

Winston Pink Legacy sold for £38.5m at Christie’s Geneva

The Winston Pink Legacy diamond has been sold for €44,423,358 (£38.5m) at Christie’s November Luxury auction in Geneva. Registered bidders from 51 countries, across six continents, participated in the ‘Magnificent Jewels’ sale. The Winston Pink legacy, the largest and fancy vivid pink diamond ever offered at auction by Christie’s, realised…

Read More »

Historic Chester jewellery store saved from closure

Lowe & Sons, located in Chester, has been saved from closure after its lease was bought by Powells Fine Jewellery, and is set to reopen on 16 November 2018. The independent and historic jewellery store has been trading in the region since 1770 and has occupied its existing premises in…

Read More »

Jewellery & Watch to host ‘consolidated’ 2019 show

The Jewellery & Watch exhibition has announced a ‘consolidated 2019 show’, as its new owner, ITE Group, develops a plan to boost the show in 2020. Having purchased the exhibition and its sister show, Spring Fair, in May 2018, the exhibitions and conferences organising firm has outlined plans to grow…

Read More »

Birmingham gold bangle scam trio jailed

Three jewellers who falsely claimed that sets of gold bangles they manufactured and sold were made from higher quality gold have been jailed for a total of 14 years. Ibrar Hussain, 38, and Sabhia Shaheen, 40, of Shiza Jewellers, based at 681 Stratford Road, together with 47-year-old Mohammed Afsar, known…

Read More »

Holts Gems reveals joint venture with Hearts of London Group

Holts Gems, one of the oldest jewellers in Hatton Garden, is launching a joint venture with diamond specialists Hearts of London Group, focusing on the growing demand for coloured gemstones in personal and bespoke fine jewellery. The new retail business will launch in the first quarter of 2019 under the…

Read More »

Pandora reduces FY expectations amid ‘unsatisfactory Q3’

Pandora has reduced its full-year expectations after experiencing an “unsatisfactory” third quarter in 2018. In Q3 group revenue decreased 3% in local currency due to “timing of shipments, change of inventory levels in the wholesale channel and negative total like-for-like”. Revenue from its estore increased 52% in local currency, up…

Read More »

World Gold Council reports 6% increase in jewellery demand for Q3 2018

Jewellery demand in Q3 of 2018 saw price-led year-on-year growth of 6%, as lower gold prices during July and August encouraged bargain hunting among “price-sensitive consumers”. According to the latest report by the World Gold Council, growth in India and China was up 10% in each region, outweighed weakness in…

Read More »