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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May- 2020 -1 MayAdvice
Covid-19 – Funding options and survival tips to keep the jewellery industry afloat
No business has been immune from the effects of the Covid-19, but the jewellery sector has in some ways been particularly vulnerable to the economic challenges posed by the virus. While firms in many sectors have been able to adapt to the circumstances by shifting to new and unfamiliar delivery…
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1 MayCoronavirus
Revaluation of business rates postponed following pressure from Bira
A government plan to bring forward the next revaluation of business rates to April 1, 2021, has been shelved following pressure from the British Independent Retailers Association (Bira). Bira joined other heads of the retail sector in demanding that Chancellor Rishi Sunak withdraw ‘disastrous’ legislation, which was due to be…
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1 MayBusiness Bites
Are we beginning to re-open anyway?
The PM says he will soon announce the reopening plan after weeks of compulsory lockdown for the UKs public and its businesses. Boris Johnson is under pressure to come up with the blueprint for restarting the economy as the list of suffering firms grows larger and more and more redundancies…
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Apr- 2020 -30 AprilCoronavirus
‘Lack of urgency’ in handing out Covid-19 grants to SMEs, says Colliers
Colliers International said it is concerned about the “lack of urgency” many local authorities are showing in paying out “much needed” grants to businesses. Colliers said that according to the latest data published by the Government, five weeks after the grants were announced 38% of the amount allocated to local…
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30 AprilCoronavirus
Covid-19: 70% of shopworkers are experiencing anxiety, says Udsaw
Shopworkers trade union Usdaw has released statistics revealing 70% of shop workers are experiencing anxiety and have raised concerns with their employers amid the Covid-19 crisis. The statistics revealed that 39% of the 7,357 members surveyed, primarily essential workers in shops, distribution warehouses, road transport or work as delivery drivers…
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30 AprilBusiness Bites
Coronavirus treatment hopes push stock markets up, and ‘Spoons to reopen in June
Investors are chirpy this morning amid hopes of a new coronavirus treatment that has been described as promising by the USA’s top infectious disease official, Dr Anthony Fauci. The experimental drug, called remdesivir, is produced by an American biopharmaceutical firm called Gilead Sciences, and is reckoned by US regulators to…
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29 AprilCoronavirus
De Beers Group donates $200,000 to women’s support organisations
De Beers Group revealed it has made a $200,000 (£160,000) donation to women’s shelters and support organisations across its four producer partner countries. The donations have been made to the organisations across Botswana, Canada, Namibia and South Africa in response to an increase in gender-based violence resulting from the ongoing…
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28 AprilCoronavirus
IJL extends deadline for KickStart applications
The IJL has announced that its deadline for online applications for the IJL KickStart mentorship competition has now been extended to 1 June in light of the ongoing pandemic. Andy Ventris, IJL show director, said: “Extending the deadline is to ensure that we are giving all designers who wish to…
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28 AprilCoronavirus
UK economy not expected to recover until 2023, study suggests
The UK’s economy is not expected to return to normal until 2023 due to the coronavirus pandemic, according to a new report issued by economic forecasting group EY Item Club. The group has warned that it is likely to take three years for the UK economy to return to the…
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28 AprilBusiness Bites
Job support to be wound down, M&S dividend suspended, ventilator production slows, property market halts
Chancellor Rishi Sunack says he will wean the economy off his support schemes in a “gradual” wind-down, to help prevent soaring unemployment on ‘expiration day’. His announcement, made to MPs, came in response to concerns that a definite cut-off date would produce an explosion in redundancies and layoffs. Currently, the…
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