Month: June 2016
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Jun- 2016 -30 JuneAuctions
Largest diamond discovered in a decade fails to sell at auction
The world’s largest rough diamond found in a decade has failed to sell at a London auction after bids did not reach the minimum reserve price. The 1109-carat ‘Lesedi la Rona’ – the largest rough diamond in existence today – was uncovered by diamond production firm Lucara in November 2015…
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28 JuneEvents
Jacobs the Jewellers names ‘Young Designer’ award winners
Reading-based Jacobs the Jewellers has announced the winners of its annual ‘Young Designer’ competition. The competition, which is held in association with the Bishopsland Educational Trust, HS Walsh and the Worshipful Company of Goldsmiths, saw four young jewellery designers at Bishopsland – a jewellery design postgraduate course provider – showcase…
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28 JuneEconomy
Rough diamond demand stable in fifth sales cycle, says De Beers
The De Beers Group of Companies has announced rough diamond demand is stable in its latest sales cycle. Provisional sales for the company’s fifth sales cycle of 2016 stood at $560m (£420m). This was down on the $636m (£473m) raised in its fourth sales cycle of the year, but De…
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28 JuneTrade Organisations
Houlden Jewellers founder brings retirement date forward
Houlden Jewellers has announced Stuart Laing, founding director of the group, is bringing forward his retirement date. Originally due to retire in June 2017, Laing and Houlden Jewellers have reached an agreement that as of 1 July 2016 Laing will retire following a recent health scare. A statement from Houlden…
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27 JuneCurrent Affairs
World Gold Council: gold price soars in wake of Brexit
The price of gold bullion has surged following the UK’s decision to leave the EU in last week’s referendum, according to the World Gold Council (WGC). The council said the price of gold jumped to $1,315.50/oz (£988/oz) on 24 June, following the announcement of the referendum. Gold was up 4%…
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24 JuneCurrent Affairs
NAJ: The UK’s vote to leave the EU will ‘take some time to settle in’
Michael Rawlinson, CEO of the National Association of Jewellers (NAJ), has said the news of the UK’s vote to leave the EU is going to “take some time to settle in”. In a dramatic night in political history, the UK voted to leave the EU with the Leave campaign edging…
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23 JuneDesigners
Millennials to drive jewellery trends in 2017
Millennials and the merging of polarities – the attraction of complementary opposites – is driving jewellery trends for 2017. In its latest Gem Visions Trend Directions 2017, Swarovski claims that millennials are driving jewellery trends through their philosophy of merging polarities, such as art vs science, natural vs manmade, young…
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22 JuneEditor's Blog
Can’t stand the heat?
I watched a documentary the other day about Steve Jobs and Bill Gates. It revealed a side of the tale that I had not heard before but which resonated with me. In the early days of computers, years before they would become poster boys for the world of business, Jobs…
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21 JuneManufacturers
Stephen Betts Group acquires Unity Wedding Bands
Precious metal specialist Stephen Betts Group has announced the acquisition of wedding band manufacturer Unity Wedding Bands. The sale will put Betts Metal Sales (BMS) in full control of all aspects of the manufacturing process for its wedding rings, as well as bringing a dedicated team of skilled, innovative designers…
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21 JuneCurrent Affairs
VIDEO: CMA warns businesses over price restrictions
The Competition and Markets Authority (CMA) has written an open letter to alert businesses that if suppliers restrict retail prices it can break the law. The open letter follows two recent cases in which businesses were fined a combined total of £3m for engaging in resale price maintenance (RPM), which…
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