Year: 2019

Links of London appoints Dominic Jones as global creative director

Links of London has appointed British jewellery designer, Dominic Jones, as the brand’s new global creative director. Jones graduated from Sir John Cass School of Art and Design in 2007 and launched his own label in 2009, he went on to consult for Fabergé, later becoming the creative director of…

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Three arrested following Duke Street jewellers smash and grab

Detectives investigating a smash and grab raid at the Hour House jewellery store, which saw Made in Chelsea star Spencer Matthews hide in the jewellery shop’s vault during the attack,  have made three arrests. Mathews was there to collect a watch at the jewellers in Duke Street, Marylebone, which was…

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How Making Tax Digital is going to help the retail sector

Shop closures are an all too familiar scene. A recent study by The Guardian found that English and Welsh town centres have lost 8% of their shops on average since 2013 (equating to 40 shops per town centre). While the sector is riding the waves of a storm, the digitisation…

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Retail sales volumes jump 1.8% despite Brexit uncertainty

In the three months to April 2019, the quantity of goods bought in retail sales increased by 1.8%, when compared with the previous three months. This was supported by a strong growth in non-store retailing, which reached a “record high” of 9.4%. When compared with the previous year, the quantity…

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Retail investment intentions lowest in survey history, says CBI

Retail Investment intentions for the year ahead have weakened to the lowest balance in survey history, at -65%, according to the latest CBI Distributive Trades Survey. It’s a sharp drop from February 2019 (-33%), and comes as retail sales in the year to May fell at the fastest pace since…

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RapNet to vote on synthetics service

RapNet, the world’s largest diamond trading network with daily listings of over $7.4bn (£5.8bn), will be voting on whether it should provide diamond listing and pricing services for synthetic diamonds. Voting will be limited to registered RapNet members who log in to RapNet.com and will take place from 26 May…

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Thomas Sabo announces CVA plans, five stores to close

Jewellery brand Thomas Sabo has proposed CVA plans which will see five UK stores close. According to reports the CVA will not affect its wholesale business which is run by Thomas Sabo Germany. The business also plans to move any staff that are affected by the CVA to other areas…

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Nadine Aysoy updates ‘ancient Chinese-inspired’ Celeste collection

Fine jewellery brand, Nadine Aysoy, has unveiled six new additions to its ‘Celeste’ collection. The collection is inspired by art, sculptures and ancient Chinese tradition, using smooth disks of White Jade, which signifies harmony, courage and unconditional love. The collection features new ring and earring styles, petite designs with smaller,…

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Watches of Switzerland seeks £660m valuation in London IPO

Watches of Switzerland said it is seeking a market capitalisation of up to £660m in its upcoming London public listing. According to reports the retailer intends to sell shares in a range of 250-277p as it seeks to pay off some of its debts. The retailer is now focusing on…

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Online retail sales see subdued growth in April

Online retail sales saw sales growth of just 5.2% year-on-year (YoY) in April, according to the latest IMRG Capgemini eRetail Sales Index. The group said this compares “poorly” to the strong performance seen in April of last year (+12.5%), but continued an ongoing trend of subdued growth seen since the…

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