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 challenges—from 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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Aug- 2023 -17 AugustNews
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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Jun- 2023 -6 JuneRetailers
Pandora teams up with Stonewall for Pride month
Pandora is joining forces with LGBTQ+ charity Stonewall in support of Pride this summer and 10% of each sale generated from a select range of pride-inspired Pandora charms will be donated to Stonewall. The charms included within the Stonewall partnership include a Rainbow Dangle charm, Pink and Blue Murano charms…
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Mar- 2023 -23 MarchNews
BoE raises interest rates to 4.25%
The Bank of England (BoE) has announced that interest rates will be raised by 0.25% to 4.25%, the highest rate in almost 15 years, following an unexpected rise in inflation last month. The move marks the 11th consecutive increase from the BoE and follows the jump in inflation to…
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15 MarchNews
Spring Budget: Corporation tax to rise to 25%
Corporation tax is set to rise from 19% to 25% for firms with profits over £250,000, as part of a number of measures announced in chancellor Jeremy Hunt’s Spring Budget. To help offset the corporation tax rise, Hunt also announced a provision of £9bn of “full capital expensing” which for…
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Nov- 2022 -17 NovemberEconomy
Natural Diamond Council launches Assure 2.0 portal
The Natural Diamond Council has announced the launch of the new Assure 2.0 online portal. The updated portal aims to enable all purchasers of diamond verification instruments to browse through the directory, understand the features and analyse the results of the new series of Assure testing. The Assure 2.0 portal…
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17 NovemberNews
Chancellor freezes tax thresholds in Autumn statement
Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax cuts and spending cuts totalling £55bn in the Autumn statement. As part of the new measures, Hunt confirmed that tax as a percentage of GDP will rise by over 1%…
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Oct- 2022 -24 OctoberNews
Rishi Sunak to become next PM
Rishi Sunak is set to become the next leader of the Conservative party and the UK prime minister after becoming the sole candidate to surpass the threshold of 100 votes. Penny Mordaunt announced she was withdrawing from the race only minutes before the nominations deadline at 14:00 BST today (24…
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20 OctoberCurrent Affairs
Liz Truss steps down as prime minister
Liz Truss has announced that she is standing as prime minister after a turbulent week for the government, just six weeks after taking up the premiership. The statement of her resignation was made at 13:30pm today (20 October) following a meeting between Truss and Sir Graham Brady, chairman of the…
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17 OctoberEconomy
Chancellor reverses almost all mini-budget tax cuts
Newly appointed chancellor Jeremy Hunt has reversed almost all of the mini-budget commitments made by previous chancellor Kwasi Kwarteng last month, in a statement made at the Treasury today (17 October). He confirmed the basic rate of income tax will remain at 20% “indefinitely” until the economic situation stabilises, marking…
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Sep- 2022 -23 SeptemberEconomy
Consumer confidence plummets to record low in September
UK consumer confidence has plummeted to a record low of -49% in September, the lowest since 1974, according to the latest research from GfK. It comes amid the cost of living crisis as households struggle with soaring energy bills and inflation. Four measures were down in comparison to the 19…
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