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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Nov- 2020 -20 NovemberEconomy
Holiday engagement rings driving jewellery sales, says De Beers
Engagement rings are driving jewellery sales this holiday season, according to De Beers Groupโs latest Diamond Insight โFlashโ report. From the groupโs interviews with US-based jewellers, bridal sales are the primary source of diamond jewellery demand in recent months. When it came to customers researching engagement rings, online was the…
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Sep- 2020 -24 SeptemberCoronavirus
Chancellor set to unveil furlough replacement after Budget cancellation
Chancellor Rishi Sunak has cancelled this yearโs Budget but is set to unveil new measures aimed at protecting employment and the UK economy in parliament later today (24 September). It is thought the new measures will replace the current furlough scheme, which is set to expire at the end of…
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11 SeptemberFeatures
Edge of Ember: Forging a sustainable future
As we enter the age of the unknown following the peak of the Covid-19 pandemic, industries are finding themselves at a crossroads and looking for change. While consumers and creators begin to look beyond traditional norms, more and more brands have turned towards diamondsโ much younger cousin: the lab-grown variety.ย …
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3 SeptemberAdvice
HMRC and Covid-19: One hand giveth, the other taketh away
One hand giveth HMRC was responsible for overseeing and implementing the Government’s Coronavirus Job Retention Scheme (“CJRS”) and other furlough schemes. Its ensuring that monies were paid under the Government’s various furlough support schemes has been impressive. Although the guidance on who was entitled to monies under the CJRS was…
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Aug- 2020 -13 AugustRetailers
Bira thanks governmentโs #ShopLocal Week
The British Independent Retailers Association (Bira) has thanked the government for the launch of #ShopLocal Week. The #ShopLocal campaign, which started on Monday (August 10) and runs until Sunday, August 16, aims to celebrate the British high street by encouraging customers to return to their safe, local shops, supporting the…
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Jul- 2020 -31 JulyTips
How local jewellers are proving their resilience amidst Covid-19
As COVID-19 continues to affect people across the world, retail stores and shops remain shutdown and businesses continue to go bankrupt. For independent jewellery designers who are also faced with the same challenges, they have no choice but to look for other ways to earn revenue just like everyone else.…
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13 JulyFeatures
Why D2C strategies hold the key to retailโs future
As UK retail stores reopen, questions remain about whether โnormalโ service will be resumed. With many store closures since March, the pandemic has encouraged a deep introspection on how consumer expectations, purchasing patterns and priorities are speeding up a shift to online-first, direct-to-consumer (D2C) retail strategies.ย In April, the UKโs…
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9 JulyRetailers
Bira โdisappointedโ mini-budget does โnot help indie retailersโ
The British Independent Retailers Association (Bira) has expressed its โdisappointmentโ that Chancellor Rishi Sunakโs mini-budget does not โdirectly help retail business ownersโ. Sunak announced a raft of further measures to support the recovery of the economy following the coronavirus lockdown, in Parliament yesterday (8 July). Features of the budget included…
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6 JulyTips
Weddings post-Covid-19 – What they will look like
Nearly 250,000 weddings take place in the U.K. every year but if thereโs one thing newly engaged couples wonโt be promising this 2020, itโs โI do.โ Under some circumstances, weddings with brigades of up to 30 people will now be permitted to take place in England starting July 4. But…
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Jun- 2020 -22 JuneEconomy
Chancellor mulls VAT cut and could follow up with autumn tax rises
Chancellorย Rishi Sunakย is reportedly considering cutting VAT in order to help stimulate the economy but could follow the move up with a set of Autumnย taxย rises. According to theย Financial Times, Sunak is planning deferred tax rises and cuts to public spending in his autumn Budget as a follow up to further stimulus…
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