News
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Sep- 2024 -2 September
De Beers prepares for next phase of G7 diamond import requirements
De Beers Group has confirmed that it is fully prepared to meet the requirements that now extend to diamonds of 0.5 carats and above, following the expansion of G7 import restrictions on Russian diamonds on 1 September 2024. De Beers’ proprietary Best Practice Principles and Pipeline Integrity standards have long…
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Aug- 2024 -30 August
Yoko London unveils Treasures of the Sea collection
Yoko London, renowned globally for crafting the world’s most unique pearl jewellery, has announced the launch of its Treasures of The Sea collection. The collection is inspired by the brand’s name ‘Yoko’, meaning child of the ocean and is a “celebration of the ocean’s timeless beauty and the unparalleled elegance…
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29 August
Pattaraphan launches Pre-Spring 2025 collection
Bangkok-based genderless fine jewellery brand, Pattaraphan, has announced the launch of its new Pre-Spring 2025 (PS25) collection on 30 August 2024. The new collection comes after the brand recently launched in Selfridges, and features a “bold take on the brand’s classics and new styles”. The brand’s “lover” motif, originally introduced…
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29 August
Retail footfall shows resilience despite riots
Footfall in the UK rose marginally by 0.9% from July to August in all UK retail destinations according to data from MRI. The performance was led by a 2.1% rise in shopping centre footfall followed by 2% increase at retail parks. Despite this, activity in high streets declined by 0.1%,…
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28 August
Astley Clarke and Edge of Ember merge leadership
Aeternum Holding, owner of Astley Clarke and Edge of Ember, has announced that the two brands will merge under one leadership. As part of this transition, Scott Thomson, who has served as CEO of Astley Clarke since 2013, will be stepping down As a result of this Lynette Ong, founder…
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28 August
Ebay UK expands Authenticity Guarantee to pearl jewellery
Ebay UK has expanded its Authenticity Guarantee service to pearl jewellery in collaboration with GIA, the Gemological Institute of America. The news comes as the marketplace saw a 30% increase in gemstone sales in the first six months of 2024. New and pre-loved pearl pieces sold for £500 and over…
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27 August
Lovisa shares slump despite rise in FY24 profits and revenues
Australian jewellery store chain Lovisa has seen a 15% decline in its share price to $30.76 (£15.76) despite posting a 21% increase in net profit to $82.4m (£42.2m) and a 17.1% increase in revenues to $699m (£358.1m) in FY24. The jewellery brand, which operates more than 900 stores globally, stated…
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27 August
Annele launches Mini’s collection
Finnish jewellery brand Annele has announced the launch of its latest collection, the Mini’s collection. The new collection is a twist on the jewellers signature Jelly series with a new ‘Jam’ piece which is a petite version of its hero design. Alongside Jam there are a variety of new earring…
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23 August
H&T Pawnbrokers profit before tax jumps to £9.9m
H&T Group, the UK’s largest pawnbroker and a retailer of new and pre-owned jewellery and pre-owned watches, has reported a 12.5% increase in profit before tax to £9.9m in H1 2024. The group stated that the core pawnbroking business continues to be the foundation of group profits as it is…
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22 August
Cooksongold launches new Laser Cutting Service
Cooksongold, the UK jewellery making supplier, has announced the launch of its new Laser Cutting service on 27 August 2024. With its laser cutting technology, Cooksongold now offers accuracy, allowing for “high levels” of detail and customisation in designs that would be difficult to achieve with traditional methods. The new…
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