News
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Jun- 2016 -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. Thatโs 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 โMade in Britainโ mark to boost jewellery sales
The National Association of Jewellers (NAJ) is considering plans to launch a โMade in Britainโ 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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31 May
WFDB launches Young Diamantaires programme
The World Federation of Diamond Bourses (WFDB) has launched the Young Diamantaires programme at its recent 37th World Diamond Congress in Dubai. The project, which came out of discussions held by the WFDBโs Promotion Committee, aims to promote ongoing communications between younger diamond industry members and reaching out to new…
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27 May
Signet Jewelers reports record first quarter earnings
Signet Jewelers, the parent company of UK-based H Samuel and Ernest Jones, has reported record earning for the first quarter of the year. For the 13 weeks ending April 30, 2016, the company reported diluted earnings per share grew 26.4%. Same-store sales for the retail conglomerate were up 2.4% with…
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27 May
Bruce Cleaver named CEO of De Beers Group
De Beers Group as announced the appointment of Bruce Cleaver as CEO, following Philippe Mellierโs decision to step down from the role after five years with the company. Cleaver – who will begin his role on 1 July – serviced as De Beersโ executive director and was responsible for strategy…
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26 May
Tiffany & Co reports “difficult” quarter as sales fall
Tiffany & Co has reported a โdifficultโ quarter as worldwide net sales fell 7% to $891m (ยฃ606m) in the first quarter of the year. The fall in worldwide net sales reflected declines in all regions except Japan, which Tiffany attributed to a continuation of softness in spending by both local…
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25 May
World’s largest fancy intense blue diamond could fetch ยฃ19.8m
The worldโs largest fancy intense blue diamond – the โCullinan Dreamโ – to go under the hammer could fetch up to $29m (ยฃ19.8m). The 21.18ct diamond will be auctioned as the centrepiece of Christieโs Magnificent Jewels and The Cullinan Dream auction on 9 June 2016 in New York, with the…
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24 May
De Beers reports ‘continued stability’ of rough diamond demand
The De Beers Group of Companies has announced the โcontinued stabilityโ of rough diamond demand, following its latest sales cycle. In its fourth sales cycle of 2016 the company reported rough diamond sales of $630m (ยฃ431m) compared with the $666m (ยฃ456m) realised in its third sales cycle earlier this year.…
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