News
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Jan- 2024 -8 January
Pandora exceeds full-year guidance after strong Q4 sales
Pandora has revealed that its results for 2023 su expectations following an organic growth of 8% for the full-year, exceeding the “5 or 6%” growth forecast in November. The company’s Q4 2023 organic growth accelerated to +12% boosted by like-for-like growth of +9%. Key markets in Europe remained solid at…
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8 January
Loquet opens new flagship boutique
British fine jewellery brand Loquet has opened the doors to its new flagship store Belgravia’s Elizabeth Street as it celebrates its 10th anniversary. Along with the launch of the new store, to celebrate its 10th year, Loquet has gone through an in-depth rebranding process which encompasses everything from design, website…
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5 January
LVMH confirms new watches and jewellery division appointments
LVMH has made a raft of appointments within the LVMH Watches and Jewellery Division, effective since January 1st 2024. Frédéric Arnault, who joined Tag Heuer in 2017, and became CEO of Tag Heuer in 2020, is appointed CEO of LVMH Watches, in charge of Hublot, Tag Heuer and Zenith. He…
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5 January
RJC begins search for new chair
The Responsible Jewellery Council (RJC) has begun the search to find its new chairperson. The candidate will follow David Bouffard, who will step down on the 30 of April 2024 after six years in the role. This is a special election as it will be held on a separate track…
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4 January
Wongs Jewellers receives Great Place to Work recognition
Liverpool-based jewellery business Wongs Jewellers has announced its recognition as a ‘Great Place to Work’, a testament to the company’s commitment to fostering “a positive and inclusive workplace culture”. The jewellery retailer said that the accolade reflects Wongs Jewellers’ dedication to its employees’ well-being and professional growth. The Great Place…
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4 January
Hamilton and Inches posts record sales
Scottish jeweller Hamilton and Inches has announced record sales of £11.3m, an increase of 16%, for the year ended 25 March 2023. It attributed this success to its continued focus on “elegant design and timeless craftsmanship”. The company also posted a pre-tax profit of £1.3m, slightly lower than the £1.4m…
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3 January
JQ Diamonds selected for Faberge West Midlands debut
JQ Diamonds has been chosen as the only West Midlands stockist for Fabergé as it celebrates its 180-year anniversary with a capsule collection. This collection comprises the Colours of Love rose gold diamond and ruby fluted ‘180’ egg pendant, as well as the 180 limited-edition rose gold and ruby mini…
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3 January
Russian diamond producer Alrosa added to EU sanction list
The world’s biggest diamond producer Alrosa and its CEO Pavel Alekseevich Marinychev have been added to the European Union’s sanction list. In a post on social media platform X, Josep Borrell, foreign policy chief, said: “In line with the diamond ban we have introduced with the 12th package of sanctions,…
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2 January
Laings turnover hits £63m amid retail and workshop investment
Laings’ has a reported a 5% increase in turnover to £63.3m for the year ended 31 May 2023. Furthermore, the retailer posted a profit before tax of £3.7m for the period which it stated will be reinvested back into the business. The positive financials come following a programme of investment…
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2 January
Jewellery tops festive spending for 2023
UK jewellery and clothing sales have seen significant growth during the holiday period running from 1 November to 24 December, increasing by 8.3% and 8%, respectively, according to preliminary insights from Mastercard SpendingPuls. The report stated that the jewellery category was a “festive favourite”. In total UK retail sales for…
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