News
-
Nov- 2015 -3 November
Blue fancy colour diamonds in hot demand for Q3
As the diamond industry gears up for its for the holiday season, fancy colour diamond prices are holding steady. According to the Fancy Colour Diamond Index, prices of these diamonds remained stable during the third quarter of 2015, at a time when white diamond prices showed declines of 6 – 10%. The…
Read More » -
2 November
Man jailed for smash-and-grab jewellery store raid
A man who was part of a moped-riding gang which robbed a jewellery store in Brent, London, with hammers and axes has been jailed for five and a half years. Lookman Shekoni, 24, of Josephine Avenue, Lambeth, had previously pleaded guilty at Harrow Crown Court on Monday, September 28 to…
Read More » -
2 November
Petra Diamonds’ production up but diamond prices slump
Petra Diamonds has reported an increase in production but a fall in diamond prices in its trading update for the period July 1 to October 27. In its first quarter results for 2016, Petra reported no revenues as its first diamond sale of the financial year was not until October…
Read More » -
Oct- 2015 -30 October
Four rings stolen from Wrexham Goldsmiths
Four rings have been stolen by thieves from a jewellery store in Wrexham, North Wales. The incident, which happened at around 12:30pm on Thursday, October 29 at Goldsmiths in Regent Street, saw one man waited outside the shop while another entered and asked to see some rings. While examining one…
Read More » -
29 October
£1.6bn of jewellery lost in Britain’s sewers
As much as £1.6bn worth of jewellery may have disappeared down Britain’s drains over the years, according to new research from drainage specialist Lanes Group. The YouGov survey of 2,011 adults found that 14% of Britons had personally lost a piece of jewellery to a drain, with an average value…
Read More » -
29 October
RapNet suspends members suspected of falsifying GIA reports
RapNet, the diamond trading network from Rapaport, has suspended 10 members pending further investigations surrounding alleged falsifications of Gemological Institute of America (GIA) reports. RapNet said the members have also been suspended by the GIA for allegedly participating in a scheme that hacked into the GIA’s computer system and upgraded…
Read More » -
29 October
Retail sales to grow 2.5% in December, says Mintel
Retail sales in the UK are to grow 2.5% during December taking total sales up to £42bn, according to forecasts from market research firm Mintel. According to the company’s Christmas Shopping Habits UK 2015 report 21% of Britons say they will spend more online this Christmas, down from 25% in…
Read More » -
27 October
Dix Noonan Webb enters jewellery market with Bonhams hires
International coins and medals specialists Dix Noonan Webb is entering the jewellery market with two Bonhams hires briefed to launch a new jewellery department. The new division will open for business on 11 November 2015, headed up by Frances Noble (assisted by Laura Smith), both of whom join from Bonhams. The new…
Read More » -
26 October
70% of jewellery shoppers look for a ‘trust mark’ online
More than 90% of shoppers say knowing their online jewellery purchase is the genuine article is ‘very important’, while 70% of consumers will look for a trust scheme on the site before committing to a purchase. This is according to a survey commissioned by the Edinburgh Assay Office in partnership…
Read More » -
26 October
UK smugglers gold could fetch £2.5m at auction
Almost 150 kilos of smuggled gold jewellery, estimated to be worth more than £2.5m, is set to be sold at auction in Belfast this week. The gold was seized during an investigation by HM Revenue and Customs (HMRC) into a £9m smuggling plot that saw the gang’s leader, Chaudry Ali…
Read More »
