News
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Apr- 2017 -7 April
UK retailers fail to lift sales despite higher footfall
Despite positive footfall levels in March, sales for UK retailers failed to grow. According to accountancy firm BDO’s High Street Sales Tracker (HSST), UK retailers have failed to grow sales for the fourth month in a row, with like-for-like sales flat (0%) in March despite warmer weather and Mother’s day…
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7 April
Simon Rainer given freedom of The Goldsmiths’ Company
Simon Rainer, former CEO of the British Jewellers’ Association (BJA), has been given the freedom of The Goldsmiths’ Company. Rainer was awarded with the title at a ceremony in Goldsmiths’ Hall on 5 April. Afterwards, he was escorted by wardens to the Guildhall, where he was invited to apply for…
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6 April
Gender pay gap reporting comes into effect
Thousands of companies will publish their gender pay gap figures for the first time today under a new legal requirement. Companies in the UK with 250 or more employees will be required to publish their gender pay gaps figures by April 2018, which the government said will help to “break…
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6 April
GIA creates free gem guide for artisanal miners
The Gemological Institute of America (GIA) has produced a gem guide which they will give to artisanal miners free of charge. Working in association with NGO Pact and women’s mining communities in Tanzania, the guide offers basic gemmological and market knowledge in gem-producing areas. It has been launched as a…
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6 April
Independent jeweller closes after 23 years in business
AD Moth Jewellers in High Wycombe has closed down after 23 years in business, following the retirement of its owner. Tony Moth, 79, who has worked in the jewellery industry for 62 years, ran the jewellers which was located in the town’s centre. Moth told the Bucks Free Press that…
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5 April
£30,000 of jewellery stolen from Newbury pawnbrokers
Police are appealing for information following a burglary at a pawnbrokers in Newbury. Approximately £30,000 of jewellery was taken from the Gold Buying Shop, alongside cash and bankcards. Thames Valley Police said offenders forced open the back door of the shop. Numerous boxed jewellery items including diamond rings, men’s signet rings,…
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5 April
De Beers sees £465m in rough diamond sales
De Beers has seen its rough diamond sales rise to $580m (£465m) in its third sales cycle of the year. The mining group’s sales grew 5% from the revised figure of $553m (£443m) in the second cycle, but was 13% lower than last year’s March sale. According to Rapaport, De…
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5 April
UK’s ‘first responsible jewellery conference’ announces 2017 speakers
Flux Fair Luxury – the UK’s first responsible jewellery conference – has announced the speakers who will be taking part in this year’s two-day conference. The event, which takes place in three weeks, has confirmed that Lisa Levinson from Forevermark, Claus Teilmann-Petersen, vice-president of group ethics at Danish jewellery brand…
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5 April
Baselworld shortens show following a drop in attendance
Baselworld has announced that its 2018 show will be six days long instead of the usual eight, following a drop in the number of exhibitors. There were 200 less exhibitors compared with the following year, making it a drop of 13.3%. Meanwhile, more than 10,600 buyers from 100 countries attended…
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4 April
‘Pink Star’ diamond sells for record-breaking £57m
A rare diamond known as the ‘Pink Star’ has been sold at auction in Hong Kong for $71m (£57m) – a new world record for any gemstone sold at auction. The oval-cut pink diamond, which weighs almost 60 carats, is the largest internally flawless vivid pink diamond that the Gemological…
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