News
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Aug- 2023 -23 August
The Diamond Lab secures 450k funding and appoints new chairman
London-based jewellery business The Diamond Lab, founded by Jamie Amelia Patel, has secured a £450,000 Series A funding in its first round of private financing led by investor James Shulman. Additionally, David Duncan-Smith, former managing director of Prada UK and Louis Vuitton UK will be joining the brand as its…
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22 August
Royal Mint launches new collection made from recycled X-ray films
The Royal Mint has partnered with Betts Metals, a 300-year-old family business, to use silver sourced entirely from medical x-ray films within its jewellery collection, 886 by The Royal Mint. X-Ray Silver is an important step in reducing The Royal Mint’s reliance on mined materials and offers an “innovative” solution…
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22 August
Daniella Draper unveils permanent Leeds store
Daniella Draper has announced that it is set to open a permanent store in Leeds this autumn. The new store will be the brand’s seventh stand-alone store and will be situated in the Victoria Quarter. The company hopes that the new store will reflect Daniella Draper’s “distinctive blend of modern…
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21 August
Gem-A warns of scam products as false credentials circulate
Gem-A, the Gemmological Association of Great Britain, has issued a warning to its members, the gemstone trade and the wider public about an ongoing issue with fraudulent jewellery parcels, which are being distributed bearing fake Gem-A credentials and logos. Individuals receiving these parcels are from geographically diverse areas, including the…
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18 August
Kiki McDonough partners with Harrods
British jewellery brand Kiki McDonough has partnered with Harrods to launch a selection of pieces on its online platform. The partnership will see Kiki McDonough offering its Grace, Cushions and Signatures collections on the Harrods’ website. The Cushions collection features cushion-cut gemstones ranging from fire opal to lavender amethyst. The…
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18 August
Fellows Auctioneers to sell ring of Rat Pack star
Fellows Auctioneers has announced that it is set to auction off the ring of Rat Pack star Sammy David Jr on 24 August. The 10.75-carat yellow-brown diamond ring, set in yellow gold, was worn by David as he became the first African American to spend an evening in the White…
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17 August
Tiffany and Co signs multi-year deal with US Tennis Association
Tiffany and Co has announced that it has signed a multi-year partnership renewal with the US Tennis Association to continue to provide the trophies for the US Open. As it has for the past 37 years, Tiffany and Co will craft trophies featured throughout the US Open, including the keepsake…
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17 August
Pandora raises full-year revenue guidance as sales jump 5%
Pandora has delivered “robust” results in Q2 2023 as it saw its sales jump 5% and total revenue increase to DKK 5,894m (£675.35m). As a result, the retail jeweller has now updated its organic growth guidance range to +2% to +5%, which was previously -2% to +3%. LFL growth in…
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17 August
Flawless Moissanite makes its mark on UK jewellery market
Flawless Moissanite launched into the UK online jewellery market in 2021 and has experienced an incredible rate of growth. And demand for the moissanite doesn’t show any signs of slowing, with the global moissanite market expected to grow at a CAGR (compound annual growth rate) of 6.2% from 2021 to…
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16 August
Scottish jewellery school secures £45k loan for expansion
Scottish independent jewellery school Vanilla Ink CIC has received a £45,000 loan from Social Investment Scotland. As a result the company has added a new studio space at its Brook Street Studios which has increased its capacity. It now has dedicated teaching space for its 10-month INKubator Programme, as well…
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