News
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Nov- 2014 -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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6 November
Michael Kors reports upbeat Q2 results
Fashion accessories brand Michael Kors has reported strong Quarter 2 (Q2) results with its total revenue increasing by 42.7% to $1.1bn (£688m) from $740.3m (£464m). European revenue grew 108.6% to $237.9m (£149m), with comparable store sales increasing 41.1%. Retail net sales increased 39.4% to $495.6m (£310m), according to the company…
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6 November
JCM launches flagship London boutique
Fashion jewellery brand JCM London has opened its first store in Knightsbridge, London. Located on the exclusive fashion street, Beauchamp Place, the store was officially opened on November the 4. The new store will show off JCM’s range of semi-precious stone collections. Mehmet Topbas, managing director of JCM London, said:…
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5 November
American Express supports SMEs with ‘Small Business Saturday’
American Express has launched a marketing campaign to support small and medium sized enterprises (SMEs) ahead of Small Business Saturday. Small Business Saturday, which takes place on December 6, is an initiative that aims to “support, inspire and promote” small business across the UK. American Express – founder of Small…
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5 November
DDI to manage Kimberley Process technical assistance
The Diamond Development Initiative (DDI) has begun coordinating the ‘technical assistance’ function of the Kimberley Process with the help of a grant from Signet Jewellers. The Kimberley Process Certification Scheme (KPCS) is a joint government, industry and civil society initiative to stem the flow of conflict diamonds, especially those used…
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5 November
Bering Time appoints Ian Latham new country manager
Danish brand Bering Time has appointed Ian Latham as its new UK country manager with immediate effect. Ian has been part of Bering’s UK team since the brand first launched into the UK two years ago, during which time the company has built a presence spanning some 400 shops. In a statement, Bering said: “With…
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5 November
WFDB mulls future objectives
The World Federation of Diamond Bourses (WFDB) has concluded a three-day programme of meetings in Antwerp, revealing a strategy on the future mission of WFDB in the diamond trade. The strategy meeting, which included facilitator-led discussions, debated and agreed on themes that connect the WFDB and the international diamond trade’s…
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5 November
Growing disparity between online and retail stores, says Displaydata
The rise of omni-channel retail has led to greater expectations for the in-store shopping experience amongst UK consumers. This is according to research from Displaydata, which surveyed over 2,000 consumers and found that 76% shoppers now research online before visiting a store, but it found a growing disparity between online…
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