News
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Jan- 2025 -2 January
Laings sees turnover hit £68.4m
Family-owned jeweller Laings has posted turnover of £68.4m for the year ended 31 May 2024. This number represents an increase of 8% compared with the previous year. Alongside this, the company posted a profit before tax of £2.1m in the period. Laings stated that it will return attention to updating…
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Dec- 2024 -24 December
Swarovski launches ‘most sustainable crystals’ to date
Swarovski has launched its most sustainable crystals to date, the Swarovski ReCreated Crystals. The new crystals combine Swarovski’s savoir-faire with its circularity framework, which focuses on reducing waste and keeping materials in use. The crystals are made with breakage from its crystal manufacturing process. Multicolored breakage is remelted and transformed…
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24 December
Footfall rises ahead of Christmas but remains lower than 2023 levels
Footfall rose for the second consecutive week last week across all UK retail destinations with retail parks and shopping centres paving the way, according to MRI Software’s new data. However, levels were still considerably lower than the same week last year. For the week to 22 December, footfall rose by…
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23 December
BRC warns of ‘spending squeeze’ in January
The British Retail Consortium has warned of a January spending squeeze, as BRC-Opinium data between 10 and 13 December showed that people’s spending intentions dropped 6pts. It comes as public confidence in the state of the economy “took a nosedive”, falling 8pts to -27, creating a widening gap between expectations…
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23 December
Petra Diamonds revenues drop 7% despite 17% rise in volumes
Petra Diamonds has reported a 7% drop in tender three FY 2025 sales to $71m (£56.6m) despite selling 700,803 carats, up 17% compared with the combined 600,161 carats sold in tenders one and two. The group stated that its sales were affected by a continued weak market across most size…
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20 December
Karina Brez unveils Stirr It Upp collection
Karina Brez has announced the launch of its Stirr It Upp collection, inspired by stirrups. The collection includes a stirrup created with 18K gold, diamonds, and gemstones. Each gemstone in Stirr It Up is carefully chosen to “highlight and enhance the craftsmanship of each design”. Karina Brez, founder, said: “My…
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19 December
Tatty Devine unveils ‘Party Like It’s 1999’ collection
Tatty Devine has announced the launch of its latest collection ‘Party Like It’s 1999’, just in time for New Year’s Eve. The brand stated that the collection was inspired by the vibrant energy of the late ’90s. The collection features “shimmering metallics, playful designs, and handcrafted details”. Pieces in the…
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19 December
BoE holds interest rates at 4.75%
The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation and wage growth. At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three members voted to reduce interest…
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18 December
Simon Harrison signs jewellery licence with Karen Millen
Simon Harrison has signed a jewellery license agreement with Karen Millen. As a result of the deal, the brand’s Spring/Summer 25 collection will be stocked in Karen Millen stores. As well as this, the new collection will be stocked in Next and Debenhams. This is the second licensing deal for…
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17 December
Dior unveils latest La Rose Dior additions
Dior has announced the launch of the latest additions to its La Rose Dior collection. The first of the additions is the Rose Dior Bagatelle, crafted in rose gold, a choker enhanced with a black velvet ribbon. Alongside this, the Bois de Rose creations, mono ear jewels and earcuffs, come…
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