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.
-
Sep- 2021 -27 SeptemberTrade Organisations
NDC expands Diamond Verification Instrument testing programme
The Natural Diamond Council (NDC) has announced an expansion to its ‘Assure Program’ for the testing of Diamond Verification Instruments (DVIs). Designed to maintain consumer confidence in the diamond jewellery industry, the programme aims to “protect consumers” and “safeguard” the natural diamond supply chain by supporting DVI manufacturers. First launched…
Read More » -
23 SeptemberTrade Organisations
RJC to launch lab-grown materials standard
The Responsible Jewellery Council (RJC) has announced that it is set to develop a standard for laboratory-grown materials (LGMs). The standard is designed to establish best practice, such as the requirement for full disclosure for materials when used in jewellery products. Acting separately from the RJC code of practices, the…
Read More » -
Aug- 2021 -20 AugustEconomy
Retail sales growth slows in July
Retail sales volumes fell by 2.5% between June and July 2021, as rainy weather and last month’s ‘pingdemic’ dampened demand from consumers. Nonetheless, sales were still up by 5.2% in the three months to July against the previous three months, and 5.8% higher than their pre-pandemic February 2020 levels, according…
Read More » -
3 AugustFeatures
LGDs are the future, despite the backlash
“They are as much a symbol of innovation and progress as they are of enduring beauty and stand as a testament to our ongoing and ambitious sustainability agenda,” said Alexander Lacik, CEO at Pandora, upon releasing the group’s first lab-grown diamond (LGD) collection. However, the global jewellery retailer went beyond…
Read More » -
Jun- 2021 -7 JuneRetailers
May footfall decreases 27.7%, latest BRC data reveals
Total UK footfall decreased by 27.7% in May compared with the same period in 2019, according to the latest British Retail Consortium -Sensormatic IQ data. However, the decrease was above the three month average decline of 46.9%. Helen Dickinson, chief executive of BRC, stated May saw footfall levels improve across…
Read More » -
May- 2021 -20 MayTrade Organisations
Natural Diamond Council partners with Chow Tai Fook Jewellery Group
The Natural Diamond Council has announced a strategic partnership with Chow Tai Fook Jewellery Group (Chow Tai Fook). The partnership will aim to introduce the Chinese consumers, especially the younger generation, to natural diamonds through the use of diverse communication channels and accessible digital content, as well as the provision…
Read More » -
17 MayManufacturers
HB Antwerp partners with Sarine
HB Antwerp has announced a new partnership with Sarine technologies that will see it become a technology partner in the group’s proprietary ecosystem. Under this new partnership, the group will utilise Sarine’s Galaxy scanning, planning and AI-grading technologies, which will be fully integrated with HB’s proprietary technologies throughout the process,…
Read More » -
12 MayTrade Organisations
Jewellery bodies urge Pandora to retract LGD narrative
A clutch of leading jewellery organisations have come together to call upon Pandora to retract its stance regarding lab-grown diamonds (LGDs). The bodies have urged the Danish jewellery brand to “market LGDs responsibly”, and take back its “false and misleading narrative” surrounding the ethical superiority of LGDs. The participants of…
Read More » -
7 MayTrade Organisations
RJC reveals board member election results
The Responsible Jewellery Council (RJC) has named a raft of new appointments to its board and committees at the organisation’s recent annual general meeting (AGM). Each elected director has been appointed to represent a respective forum in the jewellery and watch supply chain. David Bouffard, of Signet Jewelers, and Peter…
Read More » -
Apr- 2021 -29 AprilEconomy
Global gold jewellery demand climbs 52%
The volume of gold jewellery purchased by global consumers has reportedly increased by 477.4 tonnes (t) year-on-year for Q1 2021, representing an annual rise in value of 52%. According to the World Gold Council (WGC), the increase in demand can be attributed to a decline in the price of gold…
Read More »
