Buyer
Buyers play a crucial role in the UK jewellery trade, selecting collections that align with consumer demand, seasonal trends, and business objectives for retailers and wholesalers. From sourcing new designers and negotiating with suppliers to attending international trade shows, buyers shape the market by curating ranges that drive sales and reflect brand identities. Jewellery Focus provides in-depth coverage for jewellery buyers, including trend forecasts, supplier updates, market analysis, and insights into purchasing strategies that help professionals make informed, commercially successful decisions.
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Aug- 2018 -10 AugustAdvice
Are online-only auctions the future?
The internet puts the world at our fingertips and e-commerce means we no longer have to leave the house for required goods. As trust in trading on the internet grows, higher quality, luxury goods are becoming more readily available and people are less worried when it comes to making high…
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May- 2018 -16 MayAuctions
The Farnese Blue Diamond sold for $6.7m at auction
The Farnese Blue, a 6.16-carat pear-shaped dark grey-blue diamond which has passed through the hands of four European royal families, has been sold at auction for $6.7m (£4.9m) The diamond hit the public market for the first time in over 300 years and was sold after four minutes of bidding…
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Feb- 2018 -21 FebruaryAuctions
Fellows reveals ‘record’ auction sales in 2017
Auction house Fellows has said that it is the “leading UK regional auctioneer” by hammer total, after recording overall sales of £17m in 2017. A notable sale in 2017 was the Fancy Intense Yellow Diamond Ring by Graff Diamonds, sold for £1,307,600 (including buyer’s premium). The sale of the Graff…
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13 FebruaryInternational
De Beers to sell Elizabeth Bay mine
Namdeb, a 50/50 partnership between diamond giant De Beers Group and the Namibian government, has announced it is seeking a buyer for its Elizabeth Bay mine in Namibia. The mine, which was commissioned in 1991 and is located near the town of Lüderitz, employs around 160 people and produced around…
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7 FebruaryRetailers
Newton Mearns jewellers closes after 45 years
The Eric N Smith jewellers in Glasgow will be closing its doors in April 2018 after attempts to find a buyer for business fell through. Owners Eric and Yvonne Smith told the the Herald Scotland that the difficulty in finding a buyer was because “Yvonne and I are the business”,…
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Dec- 2017 -13 DecemberDesigners
Watchshop adds Rebecca Minkoff timepieces to portfolio
Watch and jewellery retailer Watchshop.com has welcomed designer Rebecca Minkoff to its roster of timepiece brands. The online retailer is the first in UK to market with the New York designer, whose new collection contains 21 designs with a mix of metals, leather straps and bracelets. Chosen as the…
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8 DecemberAuctions
Diamond ring sells for over £1m in record-breaking auction sale
Jewellery store Fellows has sold a diamond ring for £1,307,600, making it the most expensive sale in the company’s 141 year history. Bidding took place between two phone lines and the final agreed price was £1.1m, raised to £1,307,600 with the inclusion of buyer’s premium plus VAT. The item was…
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Oct- 2017 -26 OctoberProduct Launches
WatchApp exceeds subscriber target 3 weeks after launch
The WatchApp, REDBLOK’s cloud-based platform for luxury watch retailers, pawnbrokers and traders, has reported that it has reached over 50% of its first quarter subscriber target within just three weeks. Established in 2017 by REDBLOK managing director, Daren Daniels, The WatchApp provides a peer-to-peer e-commerce marketplace for retailers, dealers and…
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Jun- 2017 -15 JuneAuctions
Harry Winston ring leads Christie’s London auction
A Harry Winston emerald ring was the highest sale at the Christie’s London Summer Luxury Sales. The rectangular-cut, Colombian 10.23-carat ring went for £377,000 to an anonymous buyer. It was valued at £50,000-70,000, five times less than what it sold for. Other jewels sold at the auction included a cushion-shaped…
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May- 2017 -16 MayAuctions
Graff Diamonds acquires 323-carat diamond for £13.5m
British jewellers Graff Diamonds says it has acquired a 323.72-carat rough fragment of the Lesedi La Rona diamond. The rough diamond, which was mined in Botswana, was sold by Lucara Diamond Corp for $17.5m (£13.5m) last week to an undisclosed buyer. Graff Diamonds subsequently revealed that it had made the…
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