News
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Jun- 2015 -10 June
Consumer spending up 4.2%, says Barclaycard
Consumer spending in the UK rose 4.2% in May amid falling prices combined with greater confidence. According to the latest monthly spend data analysis by Barclaycard, falling prices in supermarkets helped families boost spending on ‘nonessential’ items, which grew by 6.2% over the period. Barclaycard said that by spending less…
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9 June
Richemont invites LVMH and Kering to create new online store
The chairman and CEO of Richemont, Johann Rupert, has invited LVMH and Kering to create a new online luxury retail store to compete with Amazon. Speaking at the Financial Times Business of Luxury event in Monte Carlo, Rupert said that he had spoken to Bernard Arnault CEO at LVMH, which…
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9 June
Gemfields discovers ‘exceptionally’ rare matching rubies
Gemfields, the coloured gemstone supplier, has said it has discovered an ‘exceptionally’ rare pair of matching rubies from its Montepuez mine in Mozambique. With a combined weight of 45 carats, the two rough rubies will now form one of the highlights at the company’s ruby auction, taking place in Singapore…
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9 June
UK retail sales flat in May
Retail sales in the UK were flat on a like-for-like basis in May compared with the same time last year, when they increased by 0.5%. This is according to the British Retail Consortium (BRC) and KPMG Retail Sales Monitor which found on a total basis sales were up 1.1%, against…
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9 June
F Hinds and IJL announce High Street by Design 2015 winners
Jewellers F Hinds and International Jewellery London (IJL) has announced the five winners of its High Street by Design (HSBD) 2015 competition. Winners of the competition’s five categories: Current Jewellery Designer – Silvia Tjahyadi Student Jeweller Designer – Sally Costen Jewellery Lover Up to 12-years category – Adeen Naseer 12-18…
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8 June
Lumbers Jewellers set for £1m relocation
Midlands-based jeweller Lumbers has announced plans to expand its store with a £1m relocation and refurbishment. The family-owned jewellery retailer said it will move from its current location to a larger showroom on the main high street in Leicester. The move will see Lumbers increase in size from its current…
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8 June
Endless strengthens senior management and secures investment
Endless Jewelry has announced that it has appointed Paul Moonga as its new CEO and has sold further shares to raise more working capital. The Danish composable jewellery brand said the appointment of Moonga will give founder Jesper Nielsen the opportunity to focus on “overall brand development”. Moonga joins from…
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8 June
WFDB to discuss co-operation with new Diamond Producers’ Association
The president of the World Federation of Diamond Bourses (WFDB) has said the upcoming presidents meeting between his body and the International Diamond Manufacturers’ Association will be used as an opportunity to discuss cooperating with the new Diamond Producers’ Association (DPA). Ernie Blom said: “I am looking forward to meeting some…
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5 June
TJC launches new charity scheme
TJC, formerly knowns as ‘The Jewellery Channel, has launched a new charity programme to support children living in Jaipur, Rajasthan. The jewellery TV shopping channel has launched the ‘One for One’ plan, which it said aims to provide a healthy meal for a child in need every time an item…
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5 June
Britain’s Shop vacancy remains at 13% in May
The shop vacancy rate in Britain remained at 13% in May for the third month running after falling in March. This is according to new figures released from the Local Data Company (LDC) which found that the overall retail and leisure shop vacancy rate increased marginally from 11.6% in April…
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