Budget
Budget jewellery occupies an important place in the UK market, catering to cost-conscious consumers without compromising on style or demand for trend-led pieces. For retailers, wholesalers, and designers, this segment presents unique opportunities and challengesโfrom managing slim margins to sourcing affordable materials and meeting high-volume demands.
Jewellery Focus delivers in-depth coverage of the budget jewellery sector, featuring news on supplier innovations, pricing strategies, consumer buying trends, and regulatory considerations affecting production and imports. Our editorial also explores how brands and independents can balance value with quality to remain competitive in this fast-moving market.
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Dec- 2024 -23 DecemberEconomy
BRC warns of โspending squeezeโ in January
The British Retail Consortium has warned of a January spending squeeze, as BRC-Opinium data between 10 and 13 December showed that peopleโs spending intentions dropped 6pts. It comes as public confidence in the state of the economy โtook a nosediveโ, falling 8pts to -27, creating a widening gap between expectations…
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12 DecemberDesigners
YSSO launches Mayfair pop-up
Greek demi-fine jewellery brand YSSO has announced the launch of The House of YSSO on New Bond Street, its first pop-up store in Mayfair which will be open until February 2025. The House of YSSO is open at 76 New Bond Street from 6 December 2024 to February 2025, with…
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Nov- 2024 -7 NovemberNews
Bank of England cuts interest rates to 4.75%
The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. The bank voted by a majority of 8โ1 to reduce Bank Rate by 0.25 percentage points to 4.75%. One member preferred to maintain the previous rate of 5%. It had…
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Oct- 2024 -30 OctoberNews
Budget: Increases to employersโ NI and minimum wage
The Chancellor Rachel Reeves has increased Employersโ National Insurance contributions in a bid to help raise as much as ยฃ40bn in taxes, pledging to also boost long-term growth and โmark an end to short term-ismโ as part of Labourโs first budget since it came into power. Employersโ National Insurance contributions…
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Mar- 2024 -6 MarchNews
Chancellor cuts NI by a further 2p as part of Spring Budget
Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for โlong-term growthโ. The reduction in National Insurance is expected to save the average worker ยฃ450 a year, or ยฃ350 for those who are…
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Feb- 2024 -23 FebruaryRetailers
Consumer confidence falls in February
UK consumer confidence dropped two points in February to -21, according to GfKโs long-running index. The survey revealed that four measures were down and one was unchanged in comparison to last monthโs announcement. The index measuring changes in personal finances during the last year was down two points at -14.…
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7 FebruaryEconomy
Retail sales slow as high cost of living enters third year
UK total retail sales increased by 1.2% year on year for the four weeks ended 27 January 2023, compared with a growth of 4.2% in January 2023, according to data from the British Retail Consortium (BRC). This was above the three-month average growth of 1.9% and below the 12-month average…
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2 FebruaryDesigners
Jessica Flinn unveils chocolate engagement ring
Jessica Flinn has unveiled its latest creation, a chocolate engagement ring just in time for Valentineโs Day. The piece is crafted as a replica of an engagement ring, but entirely edible and crafted from the finest quality chocolate. The aim of the piece is to put a twist on the…
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Nov- 2023 -22 NovemberEconomy
Chancellor cuts National Insurance to 10% alongside NLW rise
Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn Budget including slashing National Insurance by 2% and freezing business rates for retail and hospitality. As part of the new measures, Hunt revealed that National Insurance will be cut from…
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13 NovemberFeatures
Four strategies to draw more local business to your jewellery store
A lot of marketing advice focuses on scaling small startups into huge businesses or creating a strategy with global reach, but what about your local area?ย If youโre looking to create a jewellery business with a sense of community, there are still plenty of tips thatโll boost local business. To…
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