Covid-19
Covid-19 brought unprecedented challenges to the UK jewellery trade, reshaping retail, supply chains, and consumer behaviour. For jewellers, manufacturers, and suppliers, understanding the pandemic’s lasting impact is essential to building resilience and adapting strategies. Jewellery Focus offers in-depth coverage of Covid-19’s effects on the industry, including market analysis, recovery efforts, e-commerce growth, and insights into how businesses are navigating a post-pandemic landscape.
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Aug- 2020 -7 AugustTips
Covid-19 and the jewellery business – How store owners should be preparing for re-openings
Although COVID-19 continues to affect the world, its clutches are gradually loosening. Cities from all over the world have ceased on lockdowns, prompting business owners to develop plans and strategies for re-opening. A collaborative effort is necessary, especially since reopenings are happening sooner than anticipated—with cures and vaccines still in…
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6 AugustCurrent Affairs
Price of gold hits ‘record’ high
The price of gold has topped $2,000 (£1,527) an ounce for the first time in history, as investors look to move cash into gold amid increased concerns over the global economy and geo-political tensions. The price of gold first hit a “record” high last week, when its price was bumped…
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6 AugustTrade Organisations
Industry hotline sees surge in enquiries
The NAJ’s Better Business Support Service has seen a 72% durge in enquiries between June and July. The hotline provides jewellery professionals with free one-to-one reviews for advice on HR and health and safety queries. According to the NAJ, the hotline ensures businesses stay compliant in matters relating to health…
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3 AugustInternational
Diamcor cuts costs as average prices rise
Diamcor has announced it will continue efforts to implement short-term operational changes and cost reduction efforts at its Krone-Endora at Venetia mine in South Africa. The mine project has been temporarily halted due to local lockdown measures, and in light of the closure, Diamcor will continue to reduce, defer, and…
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Jul- 2020 -31 JulyInternational
Gem Diamonds sales rise in H1
Gem Diamonds has announced that it generated $29.4m (£22.3m) in its half-year results, after 16 diamonds sold for more than $1m (£760,000) each. This marked a rise against the 12 diamonds that sold for $26.6m (£20.2m) collectively in the first half of 2019. During the period, the average price of…
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31 JulyTips
How local jewellers are proving their resilience amidst Covid-19
As COVID-19 continues to affect people across the world, retail stores and shops remain shutdown and businesses continue to go bankrupt. For independent jewellery designers who are also faced with the same challenges, they have no choice but to look for other ways to earn revenue just like everyone else.…
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30 JulyInternational
De Beers jobs at risk following poor sales
De Beers has announced that total revenue plummeted 54% to $1.2bn (£920m) in its half-year results, with rough diamond sales falling to $1bn (£767m), down from the $2.3bn (£1.76bn) reported the year prior. In light of the damaged performance, CEO Bruce Cleaver told Reuters that the group would “likely” proceed…
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29 JulyEvents
JGW organisers praise GemGenève ‘solidarity’
Jewellery and Gem World Hong Kong (JGW) organisers have praised Gemexpo SA’s decision to move GemGenève’s fair dates to 1 November – 4 November, in a bid to ensure the two industry events do not overlap. Informa Markets Jewellery said the rescheduling would allow both events to maximise business opportunities…
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21 JulyCoronavirus
The importance of bringing the luxury in-store experience online
The jewellery sector as we know and love it has changed beyond recognition. Part of the beauty of shopping for jewellery is being able to touch and try on items before you purchase. The COVID-19 pandemic however has meant this is no longer a possibility, forcing the jewellery sectors hand…
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17 JulyTrade Organisations
Goldsmiths’ Company launches collab to support Black jewellers
The Goldsmiths’ Company has today announced a collaboration with Kassandra Lauren Gordon, a Black jeweller who wrote an open letter to the jewellery industry highlighting how current practices and systems limit accessibility and entry into the trade for Black people. The letter also included a five-point plan to help increase…
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