News
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Mar- 2017 -7 March
Non-food retail sales record first quarterly decline in six years
Non-food retail sales fell in the three months to February 2017, making it the first quarterly decline for the category since November 2011. The latest Retail Sales Monitor from the British Retail Consortium (BRC) and KPMG found non-food retail sales fell 0.4% on a like-for-like basis and 0.2% on a…
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6 March
Asquiths Jewellers in York set to close after 24 years
Asquiths Jewellers on Goodramgate in York is set to close in April due to falling footfall and an increase in rent. The store, which also has a Darlington branch that is not set to close, has been trading in the city for 24 years but will not be renewing its…
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3 March
De Beers starts production at world’s largest new diamond mine
Gahcho Kué, the world’s largest new diamond mine in the last 13 years, has officially begun commercial production. The mine, a joint venture with De Beers Group (51%) and Mountain Province Diamonds (49%), is expected to produce approximately 54 million carats of rough diamonds over its lifetime. Production ramp up…
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2 March
Earliest example of Iron Age gold jewellery found in Staffordshire
The earliest example of Iron Age gold jewellery in Britain has been found in a farmland field in Staffordshire. The collection, which has been named the Leekfrith Iron Age Torcs, was discovered by two metal detectorists – Mark Hambleton and Joa Kania – just before Christmas. At an unveiling on…
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Feb- 2017 -28 February
De Beers reports ‘good demand’ in second sales cycle of 2017
The De Beers Group of Companies has reported “good demand” for rough diamonds in its second sales cycle of the year. Provisional sales for the company’s second sales cycle of 2017 stood at $545m (£438m), although this was down on its first sales cycle of the year which sold rough…
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27 February
Watchfinder opens Canary Wharf store
Pre-owned luxury watch retailer Watchfinder has opened a new store in Canary Wharf, London, following a £5m funding package from HSBC. The funding is part of a larger investment in Watchfinder from HSBC, which aims to allow an “enhanced and increased range of luxury watch supply available to its online…
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24 February
Rapaport opens auction with more than 120,000 carats of diamond
Rapaport has opened its melee auction this week with more than 120,000 carats of diamond on offer. The auction offers a broad range of recycled and finely assorted premium quality diamond parcels in all shapes, qualities and sizes. The recycled diamonds are sourced from retailers, pawnshops and refineries from around…
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22 February
Bransom reports ‘high level of interest’ from J&W Show
Bransom Retail Systems has reported “high levels of interest” at the Jewellery & Watch Show for its new cloud-based mobile point-of-sale (mPoS) solution. Chris Garland, MD of the company, said its existing customers had shown a great deal of interest in adding the new mPOS tablet solution to their existing…
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21 February
Gold drags down January hallmarking figures
Gold hallmarking has continued to fall at the start of 2017, dragging down overall hallmarking figures for the month of January. Figures released by the four UK assay offices, and compiled by the Birmingham Assay Office, found there was a total of 266,613 gold articles hallmarked during the month –…
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20 February
Jewellery from best-selling author Jackie Collins to go under the hammer
Jewellery owned by the late best-selling author Jackie Collins is set to be sold at auction later this year. The collection of jewels will include a 6.04-carat diamond and platinum ring estimated at $100,000 (£80,000)-$150,000 (£120,000); an Art Deco diamond, emerald, stone and platinum necklace at $40,000 (£32,000)-$50,000 (£40,000); and…
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