News
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Mar- 2016 -1 March
Polished diamond prices remain firm in February
The price of polished diamonds continued to rise in February continuing the uptrend since November, according to new figures. The latest RapNet Diamond Index (RAPI) from the Rapaport Group said the market was supported by continued shortages, while trading slowed during the month as dealers in China and Hong Kong…
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1 March
London Diamond Bourse launches new IIDGR window service
The London Diamond Bourse (LDB) today launched a new window service which will enable members diamonds to be sent to the IIDGR Lab in Maidenhead for grading or screening. LDB chief operating officer Victoria McKay said: “Our partnership with IIDGR, part of the De Beers Group of Companies, continues to…
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Feb- 2016 -29 February
Beaverbrooks named in Sunday Times ‘100 Best Companies to Work For’
Family-owned Beaverbrooks has been named in the Sunday Times ‘100 Best Companies to Work For’ for the 13th consecutive year. The company has been recognised as the best mid-sized retailer to work for in the UK, ranking 16th in the 250 to 3,000 employee category – up three places from…
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29 February
Signet Jewelers announces strong fourth quarter
Signet Jewelers, one of the world’s largest retailer of diamond jewellery, has reported a strong fourth quarter in its latest preliminary trading update. In the 13 weeks ending 30 January 2016, the company reported same store sales increased by 4.9% compared with the same period a year earlier with diluted…
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29 February
Angola’s largest diamond sold for £11.5m
Lucapa Diamond Company has sold the record-breaking 404.2-carat diamond, which it recovered earlier this month in Angola, for $16m (£11.5m). The selling price of $39,580 (£28,574) per carat is a record price for a white diamond recovered at the Lulo mine, with the company saying it is “further evidence of…
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29 February
NAJ announces unification in two national papers
The National Association of Jewellers (NAJ) had announced its unification in two national newspapers in a bid to help raise consumer awareness. To start making the wider public aware of the unification, which saw the British Jewellers’ Association and the National Association of Goldsmiths combine, a notice has been placed…
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26 February
Tunbridge Wells historic jewellers to close its doors
Historic jewellery store in Tunbridge Wells, Payne & Son, is set to close after becoming a ‘victim to the rise in online shopping’. The store, which originally started as Payne & Son (Silversmiths) in Kent in 1790 and then opened an outlet in the town 146 years ago, is being…
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25 February
Rapaport launches Investment Diamond Grading Report
The Rapaport Group has announced the launch of a new diamond grading report – the Rapaport Investment Diamond Report (IDR). The new report conservatively grades diamonds based on Gemological Institute of America (GIA) standards. It will also provide additional gemological information including tint, location and colour of inclusions as well…
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24 February
Mobile devices account for 51% of all online sales in Q4
The percentage of online retail sales in the UK exceeded 50% for the first time ever in the fourth quarter (Q4) of 2015, according to new figures released. According to data from the latest IMRG and Capgemini Quarterly Benchmarking report, smartphones and tablets accounted for 51% of UK online retail…
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23 February
Jersey Pearl sales jump 39% after creative Valentine’s campaign
Jewellery designer and retailer Jersey Pearl has reported a surge in sales over the Valentine’s Day period, following an innovative marketing campaign. The jewellers ‘Share the Love’ campaign, which culminated with an artist-lead window display, lead to a “peak in footfall” and a 39% increase in sales in the week…
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