News
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Nov- 2016 -17 November
October online sales growth at highest since Black Friday 2014
The value of online retail sales grew 18.9% in October compared with the same month last year – the highest year-on-year growth rate for any month since Black Friday 2014. The latest IMRG Capgemini eRetail Sales Index found the growth was up on a comparatively low rate in October 2015,…
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17 November
Coloured diamonds steal show at Geneva auction
Coloured diamonds remain “highly desirable”, according to auction house Sotheby’s following its recent jewellery sale in Geneva. Leading the show was a 17.07-carat emerald-cut Fancy Intense Pink diamond that soared over its pre-sale estimate of 11.81m to 14.76m Swiss Francs (£9.5m-£11.8m) to sell for 20.8m Swiss francs (£16.7m). An Internally…
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16 November
Hatton Garden BID launches area’s first ‘Christmas gift guide’
The Hatton Garden Business Improvement District (BID) has launched the jewellery quarter’s first Christmas gift guide, in a bid to capitalise on festive spending. Created to promote Hatton Garden and its fine jewellery offering, the guide will showcase over 50 pieces of jewellery including precious designs, bespoke pieces and luxury…
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16 November
High street struggles to ‘meet demand of time-poor and tech-savvy customers’
High street retailers are struggling to meet the demand of time-poor and tech-savvy customers, according to a new study new research from Barclaycard. The survey of 2,000 UK adults found increasingly busy and technology-savvy shoppers cite lack of time as a primary reason for buying online more often (32%), with…
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15 November
Jeweller’s carpet worth thousands after collecting gold flecks for 15 years
A jewellers worn-out carpet is set to be valued at thousands of pounds after gathering specks of gold dust and and platinum for the past 15 years. Aurum of Jersey, in St Helier, Jersey, has decided to replace its workshop carpet, which will be sent to a bullion merchants and…
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15 November
De Beers reports ‘good demand’ in ninth sales cycle
The De Beers Group of Companies has reported ‘continued good demand’ for rough diamonds for the ninth sales cycle of the year. Provisional sales for the company’s ninth sales cycle of 2016 stood at $470m (£378m). This was down from the $494m (£398m) raised in De Beers’ eighth sales cycle,…
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14 November
London Diamond Bourse members vote in favour of resolution
The London Diamond Bourse (LDB) held an Extraordinary General Meeting on Thursday, 3rd November where the future of the organisation was discussed openly with all members present. The meeting was attended by members from all parts of the trade including workshops, specialist insurers, SME and major diamond dealers. The Council of…
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10 November
Gold pieces slump 20.6% in bleak October hallmarking results
The number of gold items hallmarked fell 20.6% to 489,924 articles – from 617,421 in the same month last year – as hallmarking recorded a gloomy month in October. Latest figures released from the four UK assay offices, and compiled by the Birmingham Assay Office, found overall hallmarking during the…
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10 November
Rapaport: Trump victory will improve economy
Trump’s election victory coupled with Republican control of Congress will set the stage for improved economic conditions that will support increased demand for diamonds and jewellery, according to the Rapaport Group. In a statement on the US election result, the firm said lower taxes, higher domestic employment and the end of…
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10 November
Women ‘effectively working for free until end of 2016′ due to gender pay gap
Women will in effect work for free for the rest of the year because of the gender pay gap, a leading campaign group has said. The Fawcett Society has dubbed today (10 November) as Equal Pay Day (EPD) and claimed that the 13.9% pay gap means women are effectively working…
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