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 pandemicโs lasting impact is essential to building resilience and adapting strategies. Jewellery Focus offers in-depth coverage of Covid-19โs effects on the industry, including market analysis, recovery efforts, e-commerce growth, and insights into how businesses are navigating a post-pandemic landscape.
-
Dec- 2022 -12 DecemberEconomy
UK economy returns to growth in October
The UK economy returned to growth in October following the period of national mourning after the death of the Queen, according to the latest figures from the Office for National Statistics (ONS). UK GDP is estimated to have grown by 0.5% in October 2022, following a fall of 0.6% in…
Read More » -
Sep- 2022 -12 SeptemberEconomy
Economic recovery slows in July
The UK economyโs growth slowed in July to 0.2% according to the latest figures from the Office for National Statistics (ONS). The result is below previous forecasts of 0.4% growth for the month as worker shortages and soaring costs weighed on activity. It found that services grew by 0.4% in…
Read More » -
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 โstrongโ demand for rough diamonds continuing in the quarter. In Botswana, production decreased by 4% to 5.5 million carats due to lower grade ore…
Read More » -
19 JulyManufacturers
Petra FY22 revenues hit ยฃ486.7m
Petra has announced that its revenues hit $585.2m (ยฃ486.7m) in the financial year ending 30 June 2022 (FY22), up year-on-year from $406.9m (ยฃ338.43m).ย This comprises a 44% rise in revenues to $584.1m (ยฃ485.81m) from diamond sales, and additional revenues from profit share agreements of $1.1m (ยฃ914,903). Petra said the increase…
Read More » -
Jun- 2022 -22 JuneNews
Rough diamond sales surge to $650m
De Beers Group today announced the value of rough diamond sales (Global sightholder sales and auctions) for the fifth sales cycle of 2022 stands provisionally at $650m (ยฃ530m). This is up from $604m (ยฃ493m) in the fourth cycle, and $477m (ยฃ389m) in the fifth cycle of 2021. Owing to the…
Read More » -
16 JuneRetailers
Laura Bond to open Edinburgh pop-up featuring new collection
Scottish Jeweller Laura Bond will open up a pop-op in St James Quarter in Edinburgh to showcase its latest collection of solid gold earrings. Laura Bond currently has a business value of ยฃ1.5m, and will now open in the Scottish Capital from June 24th-25th complete with an exclusive VIP launch.…
Read More » -
16 JuneNews
BoE raises interest rates to 1.25%
The Bank of Englandโs (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its fifth rise in a row as it bids to offset the impact of rising inflation. The Monetary Policy Committee voted by a majority of 6-3 to increase the rate to…
Read More » -
May- 2022 -18 MayManufacturers
De Beers sales surge 56% to ยฃ486.5m in Cycle 4
The De Beers Group has announced its rough diamond sales surged 56% year-on-year between 2 May to 17 May, the fourth sales cycle of 2022, rising from $385m (ยฃ310m) to $604m (ยฃ486.5m). This also marks a 6.7% increase from $566m (ยฃ455.9m) in Cycle 3 2022, led by โstrongโ consumer demand…
Read More » -
16 MayRetailers
Ashes Memorial Jewellery reports 30% sale increase
Burton-on-Trent-based Ashes Memorial Jewellery has reported that it has seen sales rise by a third (30%) over the past year, despite the current economic uncertainty. The jeweller said that interest in memorial jewellery has โskyrocketedโsince the beginning of the COVID-19 pandemic, with a โsignificant spikeโ in the number of people…
Read More » -
12 MayEconomy
UK economy shrinks in March
The UK economy shrunk by 0.1% in March as consumers started to feel the bite of rising energy prices and the cost of living. The latest figures also come after a period of no growth in February. During the period, services fell by 0.2% on the month and was the…
Read More »
