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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May- 2018 -30 MayE-Commerce
Average online order value rises for 14th consecutive month
The average order value for online purchases has increased for 14 months in a row, according to new data. Figures from the IMRG MetaPack UK Delivery Index showed UK shoppers fuelled most of the increase, with the value for each month increasing compared with the same month the previous year.…
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18 MayEconomy
Global consumer demand for jewellery hits new record high of $82bn
Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to US$82bn (£60.7bn), according to industry insight data published by De Beers Group. The US was the main driver for the overall 2% growth for the fourth consecutive year, where positive macroeconomics and strong consumer confidence…
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Apr- 2018 -3 AprilRetailers
21,000 retail jobs lost or threatened so far this year
Over 21,000 jobs have been axed or put at risk in the first three months of the year as retailers struggle to break even. A Press Association analysis revealed that 21,413 staff members have already been made redundant or had their role threatened, with the majority being from large high-street…
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Mar- 2018 -29 MarchRetailers
‘Beast from the East’ chills retail sales
Year-on-year sales volumes declined for the first time since October 2017, according to CBI’s latest monthly Distributive Trades Survey. Additionally, sales for the time of year were significantly below normal, and by the greatest extent since April 2013. The volume of orders placed with suppliers, meanwhile, was broadly unchanged. Sales volumes…
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7 MarchFeatures
A question of integrity
The Responsible Jewellery Council (RJC) has in recent years positioned itself as a leader for responsible business in the jewellery industry, but a piece of research published in February by the non-governmental human rights organisation, the Human Rights Watch (HRW), takes issue with the RJC’s governance, standards, and certification systems.…
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Feb- 2018 -6 FebruaryRetailers
Consumer spending grows 3.9% in January
Consumer spending increased 3.9% in January, partially driven by price increases that continued to drive uplifts in ‘essential’ spending. That is according to data from Barclaycard, which processes nearly half of the nation’s credit and debit card transactions. Spending growth on day-to-day necessities surpassed 4% for the first time in…
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Jan- 2018 -10 JanuaryE-Commerce
Investment boosts online sales for Buckley London
Fashion jewellery brand Buckley London has announced that it increased its online sales by 29% compared to the previous year. It attributed this growth to investment in the ‘customer journey’ over the last 12 months, saying it has implemented a host of improvements in 2017 to further enhance the shopping…
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Nov- 2017 -21 NovemberRetailers
Online retail growth lower than average in pre-Black Friday lull
Despite showing a year-on-year growth of 12.6%, online retail sales figures in October were lower than average suggesting a pre-Black Friday lull. According to the latest figures from the IMRG Capgemini e-Retail Sales Index, this was lower than both the average year-on-year growth rate of 14.3% for the last three…
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13 NovemberRetailers
Fewer closures, more openings for high street retail
There were more high street retail businesses opening and fewer closing in the first half of 2017, according to a report from the Local Data Company. The data, which studied the top 500 British town centres, found that 2,564 stores closed in the first six months of the year whereas…
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Oct- 2017 -17 OctoberTrade Organisations
RJC and DMCC announce collaboration
The Responsible Jewellery Council (RJC) has announced it has agreed a Memorandum of Understanding (MoU) with DMCC to work cooperatively on advancing its shared objectives of improving corporate social responsibility and responsible supply chain efforts in the jewellery supply chain. With this new partnership, the two organisations will work together…
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