News
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Feb- 2016 -3 February
Shop prices fall 1.8% in January
Overall shop prices in the UK fell 1.8% in January compared with the same month last year, new figures figures show. That’s according to British Retail Consortium (BRC) and Nielsen’s monthly Shop Price Index, which found the fall was down from the 2% fall in December and in-line with the…
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2 February
Polished diamond prices rise for third consecutive month
Prices of polished diamonds have continued to rise in January as shortages continued to support the market, which also saw a boost from the holiday season. That is according to the latest RapNet Diamond Index (RAPI) which found the price of 1-carat, GIA-graded diamonds rose 0.9% during the month. RAPI…
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1 February
Jeweller joins crowdfunding campaign to help flood victims
A West Yorkshire jeweller has joined a crowdfunding initiative to help raise money for local businesses in Calder Valley, which were affected by the Boxing Day floods. Element Jewellery is supporting the ‘Calderdale Rising’ campaign, launched on Friday 15 January, and has been trending as the most popular campaign on…
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1 February
Retail growth steady but expected to slow next month
Retail sales were steady over the year to January beating retailers’ expectations of a slight slowdown, according new data from the Confederation of British Industry (CBI). The organisation’s latest monthly Distributive Trends Survey of 126 companies found that 41% of retailers said that sales volumes were up in January on…
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Jan- 2016 -29 January
Unseasonable weather damages independent retail sales in Q4
A “dramatic reversal of fortunes” in the last three months of 2015 has brought an end to an 18 month run of turnover growth for independent retailers. The British Independent Retailers Association’s (BIRA) Sales Monitor for the fourth quarter of 2015 found unseasonably warm and wet weather, falling footfall, falling…
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29 January
Edinburgh Assay Office celebrates one year of Heathrow sub office
The Edinburgh Assay Office is celebrating its first full year of operating a sub office at Heathrow Airport. The Hallmarking in Transit (HIT) service, which launched in January last year, was developed to streamline the supply chain for gold and gem set importers. It allows importers of precious metal jewellery…
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28 January
De Beers rough diamond sales slump 39% in 2015
Rough diamond sales for De Beers slumped 39% to 19.9 million carats in 2015, according to the firm’s parent company Anglo American. In its production report for the fourth quarter of 2015, the company said that the drop in sales was due to a 12% fall in production to 28.7…
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26 January
Hot Diamonds makes two key appointments to drive retail growth
Jewellery brand Hot Diamonds has announced the promotion of two employees in an effort to drive retail growth in its independent channel. Andrew Mills has been promoted from brand manager to head of independent sales, while Makala McAuley has been promoted from customer services to brand ambassador administrator. Mills has…
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26 January
De Beers sells £380m worth of diamonds in first sale of 2016
De Beers has announced it sold $540m (£380m) worth of rough diamonds in the first sales cycle of 2016 – more than doubling the value achieved in the final sales cycle of 2015. The company, which holds 10 sales cycles each year, said that the sales achieved was a “significant”…
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25 January
Online sales ‘nearly double’ for jewellery on ‘Cyber Weekend’
Online sales of jewellery over Cyber Weekend – the weekend following Black Friday – nearly doubled, according to the Edinburgh Assay Office. Figures from the office’s Hallmarking and Fulfillment Service, which provides online jewellery retailers with integrated hallmarking and direct final mile delivery to consumers, increased “significantly” in 2015 compared…
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