Consumer Confidence
Consumer confidence directly impacts the UK jewellery trade, influencing spending on luxury items and shaping retail performance. For jewellers, suppliers, and manufacturers, tracking shifts in consumer sentiment is vital for forecasting demand, planning inventory, and refining marketing strategies. Jewellery Focus delivers expert coverage on consumer confidence trends, market analysis, and insights into how economic and social factors affect purchasing behaviour across the sector.
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Feb- 2015 -16 FebruaryInternational
De Beers profits shine with 36% increase
The De Beers Group of Companies, itself a subsidiary of mining firm Anglo American, has reported a 36% increase in operating profits for 2014, rising to $1.4bn (around £910m) compared with the previous year. Anglo American said in a statement that the increase was due primarily to “solid demand” across key…
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16 FebruaryTrade Organisations
BJA and NAG draft questionnaire for diamond graders
Members of the British Jewellers Association (BJA) and National Association of Goldsmiths (NAG) met last week to discuss the apparent anomalies between diamond grades attributed to stones by different diamond grading organisations. It was agreed that a questionnaire should be drawn up by the two associations which will be sent…
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10 FebruaryUncategorized
COMMENT: You cannot overstate the importance of confidence in diamonds
This week the great and good of the jewellery industry descended on Antwerp for the annual Diamond Trade Fair. This event is a hugely influential spectacle, attracting representatives from the world’s top firms who trade up to 80% of the world’s rough diamonds. The impact of decisions made here reverberate throughout the…
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Jan- 2015 -30 JanuaryEconomy
Consumer confidence reaches five-month high in January
Consumer confidence has reached a five-month high in January this year, according to figures released today. The consumer confidence index from polling company GfK reached a score of 1, matching the highs hit in mid-2014 and up from December’s nine-month low of -4. All five measures used to calculate the…
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Dec- 2014 -8 DecemberE-Commerce
Online shoppers set to spend £676m on ‘Manic Monday’
Online shoppers are set to outstrip ‘Cyber Monday’ today (December 8) with 151 million visits to online retail sites and a total spend of £676.5m. This is according to new figures produced by global information services company, Experian, in conjunction with IMRG, which has tipped online Christmas shopping to set…
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Nov- 2014 -25 NovemberEconomy
Jewellery comes third in cross-border buying habits
Jewellery is the third most popular category for customers making cross-border purchases online in the US, according to new research. The research, commissioned by PayPal and carried out by Ipsos, interviewed more than 17,500 online adults in 22 markets and found that the UK was the third most popular shopping…
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21 NovemberTrade Organisations
WFDB president calls for ‘immediate action’ on diamond grading
The president of the World Federation of Diamond Bourses (WFDB), Ernie Blom, has released an open letter claiming the diamond industry is facing a challenge to its integrity and lack of consumer confidence. The letter comes after laboratories from a specific laboratory group were recently found to have been overstating…
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4 NovemberEconomy
Retail confidence for Christmas is high, says Barclays
Over 70% of retailers are feeling more confident about Christmas trading than to last year, with 28% claiming they are “far more confident”, according to new research from Barclays. According to a new survey of multi-channel retailers, commissioned by Barclays’ retail and wholesale banking team, the festive cheer compares favourably…
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Oct- 2014 -27 OctoberEconomy
High street sales growth ‘remains robust’
Retail sales volumes continued to grow in the year to October, with another strong rise expected in the month ahead, according to the Confederation of British Industry (CBI). The body’s latest monthly Distributive Trades Survey of 124 firms showed a third successive month of firmly above-average sales growth. But sales growth…
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21 OctoberEconomy
Consumer confidence hits three year high
Consumer confidence in Quarter 3 has reached its highest level in three years according to the latest Deloitte Consumer Tracker. According to the research Consumers’ confidence regarding their disposable income, level of debts and job progression has all increased. Overall consumer confidence is three percentage points higher than the same…
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