News
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May- 2016 -23 May
Steven Stone Jewellers appoints new director
Steven Stone Jewellers has appointed Max Stone as director of the family-owned business. Stone, who represents the third generation of the family-owned company, will oversee the company’s Hale showroom in Cheshire, with the firm’s Palm Beach showroom operated by his father, Steven Stone, and its London showroom run by Max’s…
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23 May
VIDEO: Man jailed after failed jewellery store robbery dressed as a woman
A man who attempted to carry out an armed robbery at a Surrey-based jewellers while dressed in women’s clothing has been jailed. The attempted robbery took place shortly after 5pm on Friday, 19 February, when Ryan Valentine, 39, entered the jewellery shop on Leatherhead high street wearing a long black…
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20 May
Goldsmiths’ Company appoints Boodles MD as prime warden
The Goldsmiths’ Company has appointed Michael Wainwright – managing director of luxury jewellery retailer Boodles – as its new prime warden. He was inaugurated to the role on Wednesday, 18 May, at the annual prime warden’s changeover service at London’s St Vedast. Wainwright has described himself as “passionately commercial” and…
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20 May
Oppenheimer diamond sells for record £39.5m
A new world record for any jewel sold at auction as been set by the Oppenheimer Blue diamond after it sold for $57.5m (£39.5m). The diamond, which is the largest fancy vivid blue diamond ever offered at auction, was sold at the Christie’s auction of ‘Magnificent Jewels’ held at held…
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19 May
Mappin & Webb to rebrand following “significant investment”
Fine jewellery retailer Mappin & Webb is set to undergo a re-brand this summer following “significant” investment from parent group Aurum Holdings. The 240-year-old brand will re-launch in June, with a high-profile marketing campaign, new-look stores and a highlighted product range to highlight its positioning to a broader and younger…
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19 May
Small firms lose four days a month to administration
Over half of smaller business owners (55%) say their company growth is being held back by the amount of time they have to dedicate to administration, new research has found. The survey from the Federation of Small Businesses (FSB) – answered by 1,685 business owners – found the average small…
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18 May
New LDB president appointed as Harry Levy named chairman
The London Diamond Bourse (LDB) has appointed Menachem Prager as its new president, simultaneously creating a new chairman role. Current president Harry Levy has been appointed to the newly created position. Former vice-president Prager, who is the principal of a successful diamond company, has been a member of the bourse…
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18 May
Pink diamond sells for record-breaking £21.8m
The seller of the most expensive polished diamond ever sold at auction has broke another record with the sale of the largest fancy vivid pear-shaped pink diamond. The 15.38-carat diamond – named ‘Unique Pink’ – sold for $31.56m (£21.8m) at Sotheby’s Geneva on Tuesday 17 March and became the most…
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17 May
De Beers and Namibia sign long-term sales agreement
The Government of the Republic of Namibia and the De Beers Group of Companies has signed a 10-year sales agreement. The agreement – the longest-ever signed between the two partners – will include the sorting, valuing and sales of Namdeb Holdings’ diamonds. Namibia will see a significant increase in rough…
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16 May
9-carat gold soars 15.8% as overall hallmarking figures fall
The number of 9-carat items hallmarked in April jumped 15.8%, despite an overall decline in hallmarking figures. The latest data from the four UK assay offices – compiled by the Birmingham Assay Office – found there was a total of 790,594 items hallmarked in April, compared with 810,831 in April…
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