News
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May- 2015 -29 May
UK sales boost Signet Q1 results
Jewellery retail giant Signet has reported a strong first quarter with sales up 3.6% on a like-for-like basis in the three months to May 2, 2015. The group’s UK division, which includes Ernest Jones and H Samuel, saw sales rise 6.2% totalling £95.8m. The results also reflect the addition of…
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28 May
Online checkout abandonment reaches record low in Q1 2015
Checkout abandonment rates for UK online retail sites fell to a record low in the Q1 of 2015, with just 26% dropping out at the checkout stage. This is according to the latest results from the IMRG Capgemini Quarterly Benchmarking study which said the average checkout abandonment rate in 2013…
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28 May
Strong dollar hits Tiffany & Co first-quarter sales
Tiffany & Co has reported a 5% drop in global sales in the quarter ended April 30, 2015, which it is attributing largely to the strong US dollar affecting conversion from international sale prices. Worldwide net sales of $962 million (£626.6m) were 5% below the previous year. However, the firm stressed that…
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28 May
Big 7 diamond miners to form association
Seven of the world’s leading diamond mining companies have announced plans to form a new Diamond Producers Association (DPA). The founding members – ALROSA, De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds, and Gem Diamonds – said they will work together to “support the development of…
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27 May
High street footfall up 4.4% over bank holiday weekend
High streets have received a welcome boost over the bank holiday weekend, with footfall across the UK up 4.4% year-on-year. This is according to new figures from retail intelligence firm Springboard which found Saturday was the strongest day as families were “out in force” on the first day of the…
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26 May
VIDEO: Largest ever man-made diamond to be unveiled at JCK
The International Gemological Institute (IGI) of Hong Kong has certified what it believes is the world’s largest HPTP-grown colourless diamond. The 10.02 carat Square Emerald Cut stone was fashioned from a record-breaking, 32.26-carat piece of man-made rough, grown by St. Petersburg-based New Diamond Technology LLC, in less than 300 hours.…
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26 May
De Beers places Kimberley Mines on the market
De Beers has announced that it is looking for expressions of interest for its Kimberley Mines in South Africa. The company said it has been investigating ways to extend the economic life of its tailings-based mining operation in Kimberley beyond 2018, by placing the mine on the market. Phillip Barton,…
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26 May
Profitability and finance top of WFDB meeting agenda
Industry financing and falling profitability will be the leading topics at the World Federation of Diamond Bourses (WFDB) presidents’ meeting next month. The meeting, which will take place in Tel Aviv from June 14 to 16, will be led by WFDB president Ernie Blom, while De Beers group CEO Philippe…
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26 May
Hatton Garden heist investigators arrest ninth man
Detectives investigating the Hatton Garden burglary charged a ninth man in connection with the investigation on Friday 22 May. John Harbinson (21.3.73 – 42yrs), of Beresford Gardens, Benfleet, Essex appeared in custody at Westminster Magistrates’ Court charged with conspiracy to burgle. Harbinson was arrested on 21 May and taken into police custody.…
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22 May
Chrysalis to launch new collections at JCK Las Vegas
Jewellery brand Chrysalis has announced it will launch two brand new collections at jewellery trade show JCK, Las Vegas, taking place from May 29 to June 1. On display at the exhibition will be the brand’s new sports collection – featuring 14 bangles each representing a different sport including surfing, football,…
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