News
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Jan- 2025 -17 January
Richemont’s jewellery maisons boost Q3 sales
Richemont has reported a 10% increase in its Q3 sales to €6.2bn (£5.2bn), driven by its jewellery sales which saw a 14% rise to €4.5bn (£3.80bn), adding to 71% of group sales. The group’s four jewellery maisons, Buccellati, Cartier, Van Cleef and Arpels and Vhernier’s sales growth was fuelled by…
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16 January
Wolf awarded Positive Luxury Butterfly Mark
Wolf has announced that it has been awarded the Butterfly Mark by Positive Luxury. The company has spent the last 12 months undertaking an ESG+ 2.0 framework assessment across its global operations. Wolf joins over 170 brands, retailers and suppliers in being awarded with the Butterfly Mark. Simon Wolf, CEO,…
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16 January
Susan Jacques to retire as GIA president and CEO
The Gemological Institute of America (GIA) has announced the planned retirement of its president and CEO, Susan Jacques, at the end of 2025. Jacques became GIA’s president and CEO on 1 January 2014 after serving as interim CEO for six months. Before that, she was a member of the GIA…
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15 January
London Diamond Bourse launches Women’s Network
The London Diamond Bourse (LDB) has announced the launch of its new Women’s Network. The Women’s Network is an initiative aimed at empowering and supporting the women who shape the diamond and jewellery industry. The inaugural event ‘Coffee and Diamonds’ took place at the LDB in December, hosting the women…
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15 January
UK hallmarking falls 3.3% in 2024
The total number of items hallmarked by the four UK Assay Offices dropped 3.3% in 2024. In total 7,763,014 pieces of jewellery were hallmarked in 2024 compared with 8,031,340 in 2023, a decline of 268,326. Gold hallmarking dropped 1.8% from 3,521,940 pieces hallmarked down to 3,457,909. However, gold 999 saw…
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14 January
HS Walsh and Sons awarded Royal Warrant
HS Walsh and Sons, a supplier of horological tools and equipment, has been awarded a Royal Warrant. The business was first granted a Royal Warrant from Queen Elizabeth II in 2016 which was renewed in 2021. With the ascendance of King Charles III the company sought to obtain his appointment…
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14 January
Ramsdens sees profits and revenues surge in FY24
Ramsdens has reported a profit before tax of £11.4m, up 12%, and revenues of £95.6m, up 14%, for the year ended 30 September 2024. The group stated that record profit was driven by growth across all four key income streams. Its gross profit also increased 13% from £45.8m to £51.5m.…
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13 January
Chisholm Hunter profits plummet to £2.63m
Chisholm Hunter has revealed that its profit before tax dropped from £5.35m to £2.63m for the year ended 31 March 2024. The group’s turnover also slightly dipped from £57.91m to £57.884m in the face of a competitive marketplace. Its gross profit also fell from £10.38m to £9.95m. However, looking ahead,…
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10 January
Dior presents Gem Dior collection
Dior has announced the launch of its latest collection, the Gem Dior collection. The collection is “enriched by unprecedented models”, such as earrings in yellow, rose or white gold. The collection also includes a bracelet sublimated by a gradation of sapphires and spessartite garnets. The collection has been designed as…
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10 January
Diamond market remains stable but cautious in 2025
The diamond market was stable in December, with holiday sales matching the industry’s modest expectations, according to Rapaport’s RapNet Diamond Index. However, the diamond trade entered 2025 with caution due to the sluggish consumer demand in the US and competition from the synthetics market. Rapaport reduced prices on the Rapaport…
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