News
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Jan- 2016 -29 January
Unseasonable weather damages independent retail sales in Q4
A โdramatic reversal of fortunesโ 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 Associationโs (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 firmโs 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 ยฃ380m worth of diamonds in first sale of 2016
De Beers has announced it sold $540m (ยฃ380m) 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 โsignificantโ…
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25 January
Online sales โnearly doubleโ for jewellery on โCyber Weekendโ
Online sales of jewellery over Cyber Weekend – the weekend following Black Friday – nearly doubled, according to the Edinburgh Assay Office.ย Figures from the officeโs Hallmarking and Fulfillment Service, which provides online jewellery retailers with integrated hallmarking and direct final mile delivery to consumers, increased โsignificantlyโ in 2015 compared…
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25 January
Petra Diamonds revenue falls 28% in first-half results
Petra Diamonds has announced that revenue for the first six months of the financial year – ending December 31 – fell 28% to $154m (ยฃ108m). The fall in revenue was despite a 2% increase in production to 1,629,403 carats – compared with 1,601,069 carats in the same period last year…
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22 January
2016 ‘likely to be volatile’ claims De Beers CEO
De Beers Group chief executive, Philippe Mellier, warned of likely โvolatilityโ in the diamond industry in 2016. Addressing a sightholder reception on Wednesday, Mellier said despite โencouraging signsโ in the industry at the start of 2016, the recovery in the diamond sector remained โdelicateโ and there there is likely to…
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21 January
Edblad launches new ‘experimental’ brand
Swedish brand Edblad has announced the launch of what it calls a new โexperimentalโ brand – Edblad LAB. The company said that the brand, which debuts with a silver and gold collection, aims to test and try out new materials, techniques and designs in order to โdevelop and breathe life…
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20 January
Tiffany & Co sales rise in the UK despite disappointing festive period
Tiffany & Co has reported an increase in sales in the UK despite a Christmas holiday period many found disappointing. For the two month period ending 31 December, Tiffany said on a constant exchange rate basis worldwide net sales declined by 3%, while same-store sales declined by 5%. Declines in…
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