News
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Nov- 2014 -12 November
New index for fancy colour diamonds released
A new index by The Fancy Color Research Foundation (FCRF) shows that fancy colour diamonds have delivered strong and consistent price increases, outperforming key global asset indices, since 2005. The Fancy Color Diamond Index has been developed by the FCRF from proprietary access to tens of thousands of fancy colour…
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12 November
H&T Pawnbrokers supports FCA regulation
H&T Pawnbrokers has shown its support for a new cap on the amount that payday lenders can charge their customers, following the announcement yesterday. The Financial Conduct Authority (FCA) said payday loan rates will be capped at 0.8% per day under new rules due to take effect in January 2015.…
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11 November
Vamp London continues expansion with House of Fraser
Design brand Vamp London has expanded into House of Fraser, its first national retailer, in what the company has called an “important milestone” in its expansion plans. The full range of Vamp’s silver and CZ jewellery entered an initial five House of Fraser stores on November 3, with the possibility…
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11 November
Bridlington thieves make off with £400k of jewellery
Griffin Jewellers in Prospect Street, Bridlington, was yesterday hit by thieves who cut a square hole in the store’s window before stealing a reported £400,000 worth of diamond rings. It is reported that the thieves took 15 seconds to cut the hole and were gone in just over one minute…
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11 November
Teeside jeweller hit by armed robbers
Market Cross Jewellers in Yarm, Teeside, has been hit by an armed robbery with hundreds of thousands of pounds worth of jewellery believed to have been taken. Cleveland Police have confirmed that four offenders in balaclavas entered the store just before 5pm on Monday, armed with “bladed or edged” weapons.…
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11 November
Gem-A and Australian counterpart sign co-operative membership agreement
The Gemmological Association of Great Britain (Gem-A) and the Gemmological Association of Australia (GAA) have signed an agreement allowing fellows from either body to take fellowship with the corresponding association. The agreement will take effect in 2015 and comes as the two associations pledge to begin a new era of…
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11 November
Online sales grow by 15.4% in October
Online sales in the UK grew 15.4% in October compared with the same time last year, according to the BRC-KPMG Online Retail Sales Monitor for October. In October online sales represented 18.2% of total non-food sales, compared to 16.5% in October last year. This is the highest penetration rate since…
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7 November
Jewellery spurs 2% sales rise for Richemont Group
Richemont, the Swiss luxury goods group, has reported a 2% rise in sales citing the “international demand for jewellery” which saw the group’s jewellery sales grow by 10% at constant exchange rates. In its unaudited consolidated financial results for the six months ended September 30 2014, Richemont reported a 2%…
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6 November
BJA Launches its Jewellers Social Responsibility Framework
The British Jewellers’ Association (BJA) has announced the launch of its Jewellers Social Responsibility (JSR) framework, aimed at SMEs working in the UK jewellery industry. The JSR framework aims to outline the ways in which the basic principles of corporate social responsibility (CSR) can be adapted and adopted by small…
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6 November
Eighties jewellery prices ‘soaring’, says Bonhams
Eighties jewellery such as giant hoop and drop earrings, torque bangles and sprung-collar necklaces are back in vogue with prices soaring, according to auction house Bonhams. According to Bonhams collectors and investors are reappraising key designers as bold, colourful and outgoing jewellery is becoming increasingly popular in the auction rooms.…
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