News
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Jun- 2016 -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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7 June
Jeremy France Jewellers named Winchester’s ‘Independent Business of the year’
Jeremy France Jewellers has scooped the award for the ‘Independent Business of the Year’ at the Winchester Business Excellence Awards 2016. The event at Guildhall on Friday, 3 June, was attended by the city’s finest independent businesses, with rally driving champion Penny Mallory kicking off proceedings and the Mayor of…
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6 June
Retail crime cost UK retailers over £2.34bn in 2015
Crime cost UK retailers more than £2.34bn last year, according to the recent UK Retail Fraud Survey 2016 published by Retail Knowledge. Launched at the Retail Risk conference and sponsored by WIS International, the survey found that employee theft was identified as the single biggest cause, with 68% of retailers…
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3 June
Two new agents appointed to represent Edblad in UK
Two new agents have been appointed to represent Swedish jewellery brand Edblad in the UK. Nordic Agencies, the brand’s official distributor in the UK, has appointed Kim Smiley and Amanda Scrimshaw to cover the Midlands and North East England, respectively. Nordic Agencies said the appointments will help to continue Edblad’s…
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2 June
‘Aurora Green’ sells for record breaking £11.7m
The 5.03ct ‘Aurora Green’ diamond has gone under the hammer for $16.8m (£11.7m) – a world auction record for a green diamond. The rectangular-cut fancy vivid green diamond was sold at Christie’s Hong Kong Spring Sales of Magnificent Jewels for more than $3.3m (£2.3m) per carat. In total, the auction…
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2 June
Mobile sales fall for first time this decade
The percentage of online retail sales made through mobile devices fell in the first quarter of 2016 – the first time a decrease has been recorded since tracking started in 2010. That’s according to the latest IMRG and Capgemini Quarterly Benchmark, which found just under half (49.6%) of online retail…
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1 June
Swimwear model jailed for murder of Bristol jeweller
An ex-swimwear model has been jailed for 15 years for murdering her ex-boyfriend – a millionaire and jewellery store owner – in Spain. Mayka Kukucova shot Andrew Bush three times in 2014 at his Spanish villa near Marbella on the Costa del Sol after arriving with his Russian girlfriend Maria…
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1 June
Pressure mounts on retailers as shop prices continue to fall
Overall shop prices reported deflation of 1.8% in May from the 1.7% decline in April, according to the latest British Retail Consortium (BRC) and Nielsen Shop Price Index. Non-food deflation slowed to 2.7% from 2.9% in April, which is in line with the 12-month average, while food prices moved back…
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May- 2016 -31 May
NAJ plans ‘Made in Britain’ mark to boost jewellery sales
The National Association of Jewellers (NAJ) is considering plans to launch a ‘Made in Britain’ mark in a bid to drive jewellery sales. Hallmarking of gold and silver is currently undertaken by British assay offices which determine the metal content of the product rather than where the product was made.…
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