Consumer Spending
Consumer spending trends are a key indicator for the UK jewellery trade, shaping demand across luxury, mid-market, and fashion segments. For jewellers, designers, and suppliers, understanding shifts in disposable income, purchasing behaviour, and economic confidence is critical to planning collections, pricing strategies, and marketing campaigns. Jewellery Focus provides expert coverage on consumer spending patterns, market analysis, and economic insights to help trade professionals navigate changing customer priorities and maximise commercial opportunities.
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Dec- 2024 -16 DecemberEconomy
Footfall drops 3.1% in last fortnight
Footfall over the last two weeks ended 8 December has averaged -3.1% below the same weeks last year according to Rendle Intelligence and Insights. Moreover, footfall into stores last week dropped further behind 2023 than the week before (-3.3% last week vs -2.8%). Shopping centres fared worse than high streets…
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Aug- 2024 -13 AugustRetailers
Pandora reports 15% organic growth in Q2 2024
Pandora has reported a 15% increase in Q2 2024 organic growth to DKK 6.77bn (£744m), comprising Like-for-like (LFL) growth of 8%, network expansion of 6% and 1% phasing of sell-in to partners and other. The group’s operating profit (EBIT) also increased from DKK 1.18bn (£134.9m) to DKK 1.33bn (£152m). However…
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Jul- 2024 -9 JulyEconomy
Cold weather chills consumer spending in June
UK Total retail sales decreased by 0.2% year on year in June, against an increase of 4.9% in June 2023, as cold weather negatively affected spending particularly on “weather sensitive categories”. The latest figures from BRC’s and KPMG’s retail sales monitor revealed that food sales increased 1.1% year-on-year over the…
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Aug- 2023 -1 AugustManufacturers
De Beers sees revenues drop to $2.8bn in H1
De Beers has revealed that its total revenue decreased to $2.8bn (£2.19bn), with rough diamond sales decreasing to $2.5bn (£1.96bn), during the first half of the year. It said that the high levels of polished diamond inventory in the midstream coming into 2023, as well as the ongoing macroeconomic headwinds,…
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Feb- 2023 -27 FebruaryNews
De Beers sees demand fall in 2022 despite rising revenues
De Beers has announced that it saw a negative demand growth in 2022 as a result of increased Covid restrictions in China from Q2 onwards. A weaker economic outlook in the second half of the year caused a build-up of midstream polished diamond inventories, pushing down prices and causing negative…
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Jan- 2023 -23 JanuaryEconomy
Consumer confidence improves for first time in 15 months
UK consumer confidence in the final quarter of 2022 improved by half (+0.6) a percentage point, according to the latest Deloitte Consumer Tracker, marking the end of a 15-month period of consecutive decline. Deloitte said overall confidence was boosted by “significant” quarter-on-quarter improvement in sentiment towards levels of debt (+3.8…
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10 JanuaryRetailers
Retail sales rise 6.9% over Christmas
The BRC has reported that sales on a total basis increased by 6.9% in December 2022, compared with the prior increase of 2.1% in December 2021. These figures are said to be above both the three-month average growth of 4.4% and the 12-month average growth of 3.1%. Meanwhile, the UK’s…
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Jul- 2022 -22 JulyTrade Organisations
De Beers rough diamond production falls 4%
The De Beers Group has reported that rough diamond production fell by 4% to 7.9 million carats in the second quarter of 2022 (Q2), despite a “strong” demand for rough diamonds continuing in the quarter. In Botswana, production decreased by 4% to 5.5 million carats due to lower grade ore…
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13 JulyRetailers
Cost of living crisis starts to impact sales, BRC finds
On a total basis, sales decreased by 1.0% in June, against an increase of 10.4% in June 2021, according to the latest figures from BRC’s sales monitor. This is below the three-month average decline of 0.8% and the 12-month average growth of 3.0%. UK retail sales decreased 1.3% on a…
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Jun- 2022 -10 JuneRetailers
Signet Q1 sales hit £1.4bn
Signet Jewellers has revealed its total sales increased 8.9% year-on-year to $1.8bn (£1.4bn) in the 13 weeks ended 30 April 2022 (Q1 FY23), rising by $149.5m (£120.19m). The retailer said the performance comes as customers responded to the “breadth and newness” within Signet’s assortment, including higher price point offerings, diamonds…
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