News
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Nov- 2015 -5 November
Retailers ‘confident’ for Christmas and Black Friday trading
A record number of retailers are confident about the fast-approaching Christmas trading period and Black Friday, according to new figures from Barclays. The bankโs Christmas Survey found that more than three quarters (77%) reported they are more confident about Christmas trading this year. An even higher proportion (79%) said they…
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5 November
Margaret Thatcher’s jewellery to be auctioned by Christie’s
Auction house Christieโs is set to auction a collection of jewellery owned by former Prime Minister Margaret Thatcher. Some 350 historic and personal lots will be offered across two sales by the auction house. A flagship auction will present 150 lots and take place in London at Christieโs headquarters on…
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4 November
Shop price deflation continues into 30th-consecutive month
Shop prices reported deflation for the 30th consecutive month in October, according to the British Retail Consortium (BRC) and Nielsenโs latest Shop Price Index. Overall shop prices reported deflation of 1.8% in October compared with a 1.9% drop in September. On a 12-month average basis, the index reported deflation of…
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4 November
Pre-tax profits up 29.6% for Chisholm Hunter
Scottish jeweller Chisholm Hunter has reported a rise in pre-tax profits of 29.6%, according to its latest financial update. In its full-year financial update ending March 2015, Chisholm Hunter reported that pre-tax profits rose from ยฃ2.7m in the previous year to ยฃ3.5m in 2015. Revenue stood at ยฃ29.6m during the…
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3 November
WFDB announces new ‘strategic direction’
The World Federation of Diamond Bourses (WFDB) has agreed a new strategic direction at its recent meeting in Idar-Oberstein, Germany. In a discussion about how the organisation can increase its global footprint, the WFDB talked about expanding its membership by accepting associate and other members. The WFDB also discussed the…
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3 November
Falling diamond prices continue in October despite trading uplift
Trading of diamonds improved in October but prices continued to fall, according to the latest figures from Rapaport. The latest RapNet Diamond Index (RAPI) for 1-carat, laboratory graded diamonds fell 1.3% in October as suppliers held on to large polished inventory and dealers tried to buy select goods at deep…
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3 November
Blue fancy colour diamonds in hot demand for Q3
As the diamond industry gears up for itsย for theย 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…
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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…
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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…
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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…
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