News
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Oct- 2015 -13 October
Retail sales up in September but jewellery growth slows
UK retail sales in September were up compared with last year but growth in sales of jewellery and watches slowed. The British Retail Consortium (BRC) and KPMG retail sales monitor found retail sales increased 2.6% on a like-for-like basis from September 2014, when they had decreased 2.1% on the preceding…
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12 October
Goldsmiths to invest £1m in London stores
Luxury jeweller has announced that it is to invest more than £1m in its London stores, including the addition of a fourth store. The investment will include a refurbishment of its premises in Canary Wharf, Victoria and Westfield, as well as the addition of a new fourth store located on…
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9 October
INFOGRAPHIC: The world’s most famous diamonds
The diamond is a stone admired by many, from the Cullinan Diamond which weighed a staggering 3,106.75 carats and was approximately three quarters of a kilo to the Hope Diamond that is allegedly cursed, some famous diamonds have even booked their place in history. In the below infographic Gear Jewellers, a jewellery retailer in…
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9 October
Alrosa unearths 102-carat diamond
Mining company Alrosa has recovered a large diamond of 102.85 carats from its Jubilee kimberlite pipe. The diamond was extracted by the company’s Aikhal Mining and Processing Division (MPD) at processing plant No.14. The firm says diamond has an octahedral shape; it is transparent, with moderate yellowish hue. There are small…
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8 October
Hatton Garden thief wants to show police where he hid share of loot
One of the Hatton Garden jewellery thieves has claimed that police are ignoring his offer to show them where he hid his share of the loot. Danny Jones, who has admitted his part in the £20m theft at the Hatton Garden Safe Deposit company, says he wants to be let…
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8 October
Lumbers announces opening of new store
Midlands-based jewellers Lumbers has opened its new store following a £1m relocation and refurbishment. The move, which was announced earlier this year, sees the jewellery retailer move from its 6,500 sq ft store which it occupied for 15 years on Market Street in Leicester, to a new 16,000 sq ft…
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8 October
Shop vacancy levels fall to five-year low
The number of vacant shops in Britain has fallen to its lowest since April 2010, according to new figures from the Local Data Company (LDC). In September, Britain’s shop vacancy levels fell to 12.9%. This was despite the leisure vacancy rate increasing from 8.13% in August to 8.16% in September…
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8 October
Gemfields profits fall despite rise in revenue
Coloured gemstone supplier Gemfields has report total revenue of $171.4m (£112m) – up from $160.1m (£104.6m) last year – in its financial report for 2015. Despite this, the company reported that its pre-tax profits decreased to $12.3m (£8m) for the year ended June 30, 2015 – down from $16.3m (£10.7m)…
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7 October
Gang jailed after Winsor Bishop jewellery raid caught on camera
A gang of six men whose raid on a Norwich city centre jewellers was captured on camera have been jailed for a total of 37 years. The men used picks, axes and sledgehammers to smash their way into the Winsor Bishop store on Wednesday, August 5, at around 10:50am. Dozens…
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7 October
Shop prices down 1.9% in September
Shop prices were down 1.9% in September compared with the same time last year, down from the 1.4% decline in August. This is according to the latest British Retail Consortium (BRC) and Nielsen Shop Price Index which found that non-food deflation accelerated further to 2.9%, from 2.4% in August. On…
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