News
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Jun- 2016 -15 June
90% of fashion designers against Brexit, claims study
A survey from the British Fashion Council (BFC) has revealed that the majority of UK designer businesses would prefer Britain to remain in the EU. Some 290 designers responded to the survey, with 90% stating their preference to remain in the EU, 4.3% voting to leave, 2.4% were undecided and…
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14 June
Belfast jeweller awarded MBE in Queen’s Birthday Honour list
Belfast jeweller Peter Lunn has been awarded with an MBE in the Queen’s Birthday Honour list for service to commerce, charity and sport in Northern Ireland. Lunn, who is the executive chairman of Lunn’s jewellers which was founded by his father in 1954, a founding member and retired director of…
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13 June
Five jailed over £7m Monopoly money scam on jewellery stores
A gang of conmen who used Monopoly money to trick jewellery store owners as part of a £7m scam have been sent to jail for a combined total of 22 years. The sentencing follows an investigation into organised frauds, including an elaborate fraud in Bristol where a jeweller lost £420,000…
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13 June
Retail footfall edges up in May
Retail footfall edged up 0.3% in May compared with the same month last year, according to data from the British Retail Consortium (BRC) and Springboard. The latest Footfall and Vacancies Monitor found the increase in retail footfall was up on the 2.4% decline seen in April and significantly above the…
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13 June
Watches of Switzerland set to open new Knightsbridge store
Watches of Switzerland is set to complete what it calls a ‘golden triangle’ of London stores with the opening of its new Knightsbridge store later this month. The three-storey showroom will open on Brompton Road on 27 June and will feature the UK’s largest Patek Philippe in-store boutique, a rolex…
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10 June
Blue diamond sells for record-breaking £17.5m
The Cullinan Dream has sold at auction for $25.3m (£17.5m), making it the most expensive fancy intense blue diamond to have ever gone under the hammer. The 24.18-carat diamond – sold at Christie’s Magnificent Jewels & The Cullinan Dream auction in New York on Thursday 9 June – is named…
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9 June
NAJ appoints new chairman and vice-chairman
The National Association of Jewellers (NAJ) has announced the appointment of a new chairman and vice-chairman. Simon Johnson, owner of Marmalade Fine Jewellery, was confirmed as the NAJ’s chairman at the organisation’s annual general meeting yesterday evening (Wednesday, 8 June) while Harriet Kelsall, of eponymous jewellery brand Harriet Kelsall Bespoke…
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8 June
Royal Mint to sell gold bars into pensions for first time
The Royal Mint, which supplies all of the UK’s coinage, is to offer investors the chance to own gold bars within their pensions for the first time. The plans will see the Royal Mint offer private individuals and pension scheme providers access to buy and manage gold held within their…
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8 June
Jewellery and watch sales grow in May
Jewellery and watch sales grew in May in a month that brought ‘better news’ for UK retailers, according to new research. The latest Retail Sales Monitor from the British Retail Consortium (BRC) and KPMG found jewellery and watches to be third best performing sector, out of 12, in terms of…
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7 June
Polished diamond prices dip in May
The price of polished diamonds declined slightly in May as buyers waited for the JCK Las Vegas show, which took place between 3 to 6 June. Despite this, the Rapaport Group’s RapNet Diamond Index (RAPI) said trading at the show was “relatively weak” with slower traffic than in previous years.…
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