News

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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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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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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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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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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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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Deadline for Make Your Mark Awards draws near

Submissions for the inaugural Make Your Mark Awards are set to close next week on Friday, 21 October at 5pm. Entrants to the awards, which is run by The Goldsmiths’ Company Assay Office, will have the opportunity to win various prizes as well as having their work seen by a…

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‘Extremely rare’ blue diamond Cartier ring could fetch £20.3m

Sotheby’s has announced it will auction an “extremely rare” fancy-vivid blue diamond ring by Cartier, which could fetch up to $25m (£20.3m). ‘The Sky Blue Diamond’ will be one of the star lots at Sotheby’s Geneva Jewellery sale on 16 November and will be exhibited in the auction house’ New…

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Brexit strategy ‘must focus on fair deal for consumers’, says BRC

The British Retail Consortium (BRC) has called on the government to put consumers first in the forthcoming Brexit talks. In a letter to Secretary of State for International Trade Liam Fox, the BRC said the government’s strategy must focus on finding opportunities for lowering import costs as well as avoiding…

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Beaverbrooks to support Payroll Giving campaign

Beaverbrooks the Jewellers has announced its support for the launch of a new phase of the Geared for Giving campaign. The campaign, which is calling for every employer in the UK with over 250 employees to offer Payroll Giving to their staff, aims to double the amount raised for charities…

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