News
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Aug- 2015 -27 August
Signet reports same-store sales growth of 4.2% in Q2
Jewellery retail conglomerate Signet Jewelers reported an increase in sales in its second quarter financial results, beating its expectations for the period. In the 13 weeks ending August 1, Signet reported an increase in same-store sales of 4.2%, while total sales were up 15.1% to $1.4bn (£908m) compared with the…
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27 August
UK awarded jewellery medal at WorldSkills competition
The UK has been awarded a jewellery medal at the 43rd WorldSkills Competition in São Paolo, Brazil. Ben Pritchard, an apprentice on the Goldsmiths’ Company Apprenticeship Programme, was awarded a medal of excellence after he created a specific piece of jewellery in a set time at the competition. Pritchard, who…
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26 August
Folli Follie and Links of London launch in Boutique Goldsmiths
Boutique Goldsmiths, a concept store for fashion jewellery and watches from jewellery chain Goldsmiths, has announced it is to stock Links of London and Folli Follie. The launch of the two brands today (Wednesday, August 26) comes on the first day of the opening of the retailer’s first stand alone…
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25 August
Fairtrade Gold launches in the US
Reflective Images Jewelry has been named as the first Certified Fairtrade Gold American jeweller by Fairtrade International, following the foundation’s launch in the US. The company worked as the US commercial liaison with Fairtrade International to launch the certification programme while also introducing its own traceable and transparent sourcing practices…
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24 August
Masked robber jailed for attempted jewellery raid
An 18-year-old has been sentenced to 3 years and 8 months at a youth offenders institution for an attempted armed robbery in Barnstaple. Benjamin Barton pleaded guilty at Exeter Crown Court to the attempted armed robbery and possession and an imitation firearm at Coopers Jewellery in Barnstaple Thursday, May 28.…
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21 August
Gem Diamonds cites challenging diamond market as profits fall
UK-based diamond production firm Gem Diamonds has been affected by the challenging diamond market as profits fell in the first half of the year. In its first-half financial report for the six months ending June 30, 2015, Gem Diamonds reported that its pre-tax profits fell from $56.2m (£35.7m) in the…
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20 August
Lucara recovers 336-carat diamond in Botswana
Diamond production company Lucara has recovered a type IIa, 336-carat diamond from its Karowe Mine in Botswana. In addition the company also reported a number of “exceptional” diamonds, including a 184-carat, a 94-carat and an 86-carat stone. A 12-carat pink stone was also recovered, however the company said that it…
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20 August
Retail sales jump 4.2%
Retail sales grew for the 28th consecutive month in July, increasing by 4.2% compared with the same month last year, according to official data released today. This was the longest period of sustained year-on-year growth since May 2008, when there were 31 periods of growth, the Office for National Statistics…
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19 August
Laing Edinburgh celebrates 175th anniversary with £175,000 diamond necklace
Independent jeweller Laing Edinburgh has marked its 175th anniversary with the creation of a one-off diamond necklace valued at £175,000. The necklace, named ‘175’, features 447 brilliant-cut and pave diamonds set in platinum with a double diamond drop. The piece is described as “timelessly elegant with a contemporary twist”. Taking…
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18 August
H&T posts 30% profits jump
H&T Pawnbrokers has reported a 30% increase in pre-tax profit in its financial update for the first half of 2015. In the six months from January to the end of June 2015, profit before tax increased by 30% to £2.6m, up from the £2m reported for the same period last…
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