News
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Oct- 2024 -30 October
Budget: Increases to employers’ NI and minimum wage
The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ National Insurance contributions…
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29 October
AG Group announces in-house assay office
Allied Gold and Brown and Newirth owner AG Group has announced that it has opened an in-house assay office at its group headquarters. The move follows a historic agreement with the Sheffield Assay Office, marking the first-ever fine jewellery manufacturing Sheffield sub-office. The partnership has received full approval from the…
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29 October
Gecko launches new Christmas collection with Laura Ashley
Gecko Jewellery has announced a new partnership with lifestyle brand Laura Ashley for the launch of its new Christmas collection. The collection features a diverse range of jewellery, including necklaces, earrings, bracelets, and rings, each piece exuding a “unique charm and elegance” all inspired by Laura Ashley’s heritage designs. The…
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28 October
Marco Bicego partners with Watches of Switzerland Group
Marco Bicego has announced a new retail partnership with Watches of Switzerland Group. As a result, the brand’s jewellery lines will be available in 10 of the group’s multi-brand showrooms Mappin and Webb and Goldsmiths. These will be located in high profile, prominent locations, primarily shopping centres, in cities such…
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28 October
De Beers production drops 25% in Q3
De Beers Group has recorded a 25% decrease in production to 5.6 million carats in the third quarter. The company attributed the drop to prolonged periods of lower demand, higher than normal levels of inventory in the midstream and a continued focus on managing working capital. In Botswana, production decreased…
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25 October
Atelier VM to open first UK flagship store
Atelier VM has announced that it is set to open its first UK flagship store in London’s Burlington Arcade. The new store covers a total area of 401 sq ft, and will be located at House 5 of the Burlington Arcade hall. The brand launched in the UK in 2018…
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25 October
Gem Diamonds revenues rise to $42.7m in Q3
Gem Diamonds has seen its revenues surge to $42.7m (£32.8m) in Q3 2024 compared with $34.8m (£26.78m) in Q2 2024, as it sold 25,617 carat diamonds. It also revealed that the average price per carat also improved, rising to $1,603 (£1,233.5) from $1,424 (£1,095.7) in the prior three months. The…
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24 October
Petra Diamonds revenues drop 76% despite rise in production
Petra Diamonds has reported a 76% drop in revenues to $23m (£17.74m) in Q1 FY2025 from $113m (£87.16m) the prior quarter despite a 7% increase in diamond production to 679,625 carats from 636,743 carats in the prior period. The group stated that business was impacted by the deferral of the…
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24 October
Connoisseurs launches three new diamond care essentials
Connoisseurs has announced the launch of its new Diamond Care Essentials line. The new collection includes three new products designed to “protect and enhance the brilliance of diamond jewellery”. The first product is the Diamond Dazzle Cloth, an Ultra Soft Micro Suede Cloth for removing oils/lotions and fingerprints and comes…
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23 October
Abbott Lyon launches personalised advent calendars
Abbott Lyon has announced the launch of its personalised advent calendars in time for Christmas. Both calendars contain 12 pieces curated from a selection of the brand’s most popular designs. The calendars are made to order and give customers the option to personalise four of the 12 pieces inside. The…
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