News
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Apr- 2016 -18 April
9-carat rockets 16.4% in upbeat March hallmarking figures
The total number of hallmarked items grew 5.4% in March, boosted by an 8.2% jump in the number of gold articles. That’s according to the latest data from the four UK assay offices – compiled by the Birmingham Assay Office – which found there was a total of 740,976 articles…
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18 April
Three charged following armed robbery at Winchester jewellers
Three men have been arrested and charged following an armed robbery at a jewellers in Winchester on Friday 15 April. Police were called to the incident shortly after 9am at Justice Jewellers in Parchment Street, after two men wearing motorcycle helmets entered the store armed with an imitation firearm. The…
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18 April
Early Easter and bad weather deters shoppers away from high street
An early Easter and bad weather conditions deterred shoppers from the high street in March, as footfall fell 2.7% compared with the same month last year. The British Retail Consortium (BRC) and Springboard Footfall and Vacancies Monitor found the decline in March was lower than the 1.1% fall in February.…
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15 April
Returning online shoppers spend ‘almost twice as much as new visitors’
Returning online shoppers spent almost double (66%) what new visitors spent (34%) following the close of the 2015 holiday period, according to new research. The E-commerce Quarterly report from marketing firm Monetate, which analyses a random sample of seven billion online shopping experiences throughout each quarter of the year, said…
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15 April
Tustains Jewellers set to undergo ‘major refurbishment’
Warwickshire jewellers Tustains has announced plans to triple the size of its showroom as part of a “major investment” planned for the summer. The firm, which has been based in Leamington for more than 120 years, will undergo a significant expansion this year in a move which is expected to…
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13 April
Tiffany & Co to boost onine sales with Net-A-Porter
Tiffany & Co has announced it will start selling selected designs on luxury designer and fashion e-commerce site Net-A-Porter. The announcement means that Net-A-Porter will be the only authorised online destination beyond Tiffany’s own channels where customers can find the company’s jewellery. Tiffany said the move will help the brand…
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13 April
LVMH first quarter results boosted by jewellery and watch sales
Luxury products group LVMH recorded revenue of €8.6bn (£6.8bn), an increase of 4% on the same period last year. Organic revenue growth was 3% compared with the same period in 2015, which meant the company was hindered by exchange rates. The results were boosted by its watches and jewellery division…
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13 April
New CEO appointed to National Pawnbrokers Association
The NPA has announced the appointment of a new chief executive to succeed Ray Perry, the current CEO, in June of this year. Stu McInroy joins from the Bookmakers’ Committee where he was general secretary for the statutory body parented by the Department for Culture, Media and Sport for the last seven years. He has…
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12 April
De Beers reports stable rough diamond demand
The De Beers Group has reported stable rough diamond demand, following its third sales cycle of 2016. The company reported rough diamond sales of $660m (£465m) compared with the $617m (£434m) realised in its second sales cycle earlier this year. The company said continued stability in polished diamond prices and…
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12 April
UK retail sales fall flat in March due to early Easter
Retail sales in the UK neither grew or declined in March as an early Easter distorted sales figures during the month. That’s according to the latest Retail Sales Monitor from the British Retail Consortium (BRC) and KPMG, which found like-for-like sales declined 0.7% compared with the same month last year…
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