News

Tracr appoints Jim Duffy as GM to lead the next phase of the platform’s development

Tracr, the end-to-end diamond industry blockchain being developed by De Beers Group in collaboration with industry stakeholders, has announced the appointment of Jim Duffy as general manager to lead the next phase of the platform’s development. Duffy is joining Tracr as the platform starts to build greater scale, with more…

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Rare 1950s Rolex could fetch £60,000 at auction in Birmingham

A rare, early Rolex Submariner estimated to be worth between £40,000 – £60,000 is to go under the hammer at a Fellows auction this month. The gentleman’s stainless-steel Oyster Perpetual Submariner is due to be sold on Tuesday 28th August at Fellows Auctioneers in Birmingham. According to Fellows the “fascinating…

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Gold and Platinum up double digits in latest Hallmarking figures

The number of gold and platinum pieces hallmarked in July 2018 increased significantly by 12.5% and 20.2% respectively, according to figures compiled by the Birmingham Assay Office. However, the average volume of silver fell by 22.2% to 331,498 compared with 426,156, while palladium decreased by 21.4% to 6,252 hallmarked items.…

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Pawnbrokers H&T Group sees revenues and profits jump in H1 2018

Pawnbroking firm H&T Group has reported it continued to achieve profit growth and revenue growth from all of its core revenue streams in the first half of 2018. The pawnbroker that deals with watch brands such as Rolex, Tag Heuer and Breitling saw its profit before tax in the six…

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Retail footfall down 0.8%, shopping centres continue to suffer

Retail footfall fell by 0.8% in July when compared to the same time last year, despite the high street again seeing a slight rise. The figures from the British Retail Consortium (BRC) and Springboard show that high street footfall increased by 0.3% which was the third consecutive month of growth.…

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Cooksongold launches revamped store to mark 100 year anniversary

Jewellery supplier Cooksongold has launched a revamped store in celebration of 100 years in Birmingham’s Jewellery Quarter. According to the group the complete refurbishment will allow for “a greater experience with thousands more products on display in what will be the UK’s largest jewellery making store”. The company has also…

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Pandora CEO steps down following profit warning

Pandora has announced Anders Colding Friis is stepping down as president and CEO of the company effective 31 August 2018. The company saw its shares slump nearly a quarter on Tuesday 7 August when it announced it was reducing its sales and profit growth forecast, and after a follow-up announcement…

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Study finds diamonds are still the favoured gem among female Brits

Research shows diamonds are still the favoured gem for female Brits with tanzanite coming in second according to UK online jewellers Gemporia. The research was conducted amongst 1,866 women across the UK, aged between 18-80, and revealed that nearly a quarter (22%) of respondents chose diamond as their top gem,…

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Laings flagship Glasgow store unveils renovations

Luxury jewellers, Laings has unveiled the results of its recently renovated flagship store in Glasgow. Laings currently has seven stores in Glasgow, Edinburgh, Cardiff and Southampton.The Glasgow store is located at the Argyll Arcade which is also home to over 30 jewellers. Laings said the renovation, which will help it…

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Footfall drops in July as customers avoid high street in heatwave

The heatwave drew customers away from the high street in July, as footfall fell by 10.8% compared with the same month in 2017. According to the Ipsos Retail Traffic Index, footfall was down in all regions compared with July 2017 with Scotland and Northern Ireland seeing 6.5% less shoppers on…

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