News
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Oct- 2016 -21 October
Retailers stuck with ‘unsellable stock’ after granting high volume of returns
Retailers are ‘struggling to cope’ with the volume of refund requests they feel obliged to grant, despite items being unfit for resale. That’s according to new research from Barclaycard which claims retailers are stuck between accommodating shoppers’ demand and balancing their bottom line, with almost six in 10 (57%) giving…
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20 October
Two arrested following raid at Colchester jewellers
Two men have been arrested following a burglary at a Colchester jewellers in the early hours of Thursday morning (20 October). Police were called to Ernest Jones in Shewall Walk, Culver Square, at around 2:45am on Thursday, 20 October, after reports that burglars had repeatedly struck display windows in a…
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20 October
Independent jewellers encouraged to participate in Small Business Saturday
Small Business Saturday, the annual campaign to promote small businesses across the UK, is encouraging independent jewellers to participate on Saturday, 3 December. Now in its fourth year, Small Business Saturday is estimated to have generated some £623m worth of spending across the country’s small businesses on 6 December, 2015…
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19 October
Goldsmiths’ Company issues final call for Make Your Mark entries
The deadline for the inaugural Make Your Mark Awards is at 5pm on Friday 21st October 2016, the Goldsmiths’ Company has announced. Judges will be looking for the best design of a precious metal piece incorporating a UK hallmark within the design, and says the spirit of the awards is…
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18 October
New luxury boutique opens after extensive refurbishment
Mappin & Webb has opened a luxury boutique in Tunbridge Wells following extensive refurbishment. The new 750 sq. ft. boutique features a dedicated Rolex sales area as well as a comprehensive collection of Mappin & Webb fine watches and jewellery. The new boutique is located in a historic grade 1…
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17 October
Foreign spend on British high streets soars post-Brexit
UK retailers are enjoying a post-Brexit boom in spending from international consumers, according to the latest figures from Worldpay. In the 10 weeks following the referendum, growth in foreign card spend has increased by 5.8% compared to previous 10 week period. Whilst 6% of this growth increase was witnessed by traditional bricks and mortar retailers,…
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13 October
Hallmarking falls 11.5% in September
The total number of hallmarked items fell 11.5% in September, a decrease of 115,994 pieces when compared with the same month last year. The figure – from all four UK assay offices and compiled by the Birmingham Assay Office – found the total number of hallmarked items in September stood…
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12 October
Essex jewellers hit by £10,000 armed robbery
A jewellery store in Brentwood, Essex, has been hit by armed raiders who are believed to have made off with at least £10,000 worth of jewellery. Police were called to the Bonds of Brentwood shop on Ingrave Road at around 12:50pm yesterday (Tuesday, 11 October), after four men on mopeds…
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11 October
Iconic 100 Hatton Garden building to be sold by the end of the year
A Singaporean investment company, UOL Group, will acquire the 120 Holborn site in Hatton Garden by the end of the year. The site incorporates the iconic 100 Hatton Garden building, which houses many jewellery businesses including the London Diamond Bourse (LDB), along with retail units along Hatton Garden. UOL announced…
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11 October
Jewellery and watch profits up 4% for LVMH
The jewellery and watches division of luxury goods group (LVMH) has reported a 4% increase in revenues for the first nine months of the year. The division was boosted by a strong performance from Bvlgari, which continued to gain market share. The brand showed “major creative” momentum by enhancing its…
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