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- 2022 -9 MayRetailers
Steven Stone Jewellers opens new flagship showroom in Manchester
Steven Stone Jewellers has opened the doors of a luxury showroom in the heart of Manchester city centre, aiming to offer a “collaborative environment for designers and customers to create bespoke pieces together”. Located on the third floor in St John’s Court, Quay Street, the showroom has been under construction…
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Apr- 2022 -28 AprilManufacturers
De Beers Q1 diamond production rises by 25%
The De Beers Group reported its rough diamond production increased by 25% to 8.9 million carats in the first quarter of 2022 (Q1). The group said this reflects a “strong” operational performance, and higher planned levels of production to meet continued demand for rough diamonds. This compares to Q1 2021…
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19 AprilManufacturers
De Beers rough diamond sales drop 13% to £433m
The De Beers Group has announced its rough diamond sales dropped 13% in the period from 28 March to 12 April (cycle three) from $652m (£500.26m) in the second sales quarter to $565m (£433.51m). However, this is still up 25% year-on-year compared to $450m (£345.2m) in the third cycle of…
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5 AprilEconomy
Retail footfall drops 22.9% across UK
Footfall fell by 22.9% compared to 2019 in the non-food sector across the UK, although footfall is up 9.9% compared to the previous month due to “unseasonably warm weather”. According to Ipsos Retail Performance, the retail sector performed the strongest at -14.9% compared to pre-Covid levels, while footfall on the…
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Mar- 2022 -25 MarchRetailers
Retail sales volumes fall 0.3% in February, ONS says
Retail sales volumes fell by 0.3% in February 2022 following a rise of 1.9% in January 2022, according to the latest figures from ONS, with sales volumes at 3.7% above their pre-coronavirus (Covid-19) February 2020 levels. Non-store retailing sales volumes fell by 4.8% over the month following strong growth in…
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23 MarchEconomy
De Beers unveils ‘advanced’ diamond recovery vessel
The world’s most advanced diamond recovery vessel, the Benguela Gem, has today been officially unveiled in Namibia at an inauguration ceremony attended by President Hage Geingob, Minister of Mines and Energy, Tom Alweendo and De Beers Group CEO, Bruce Cleaver. The vessel will commence operations from next week, well ahead…
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21 MarchRetailers
Bira predicts strongest Mother’s Day in 2 years
The British Independent Retailers Association (Bira) has predicted the strongest Mother’s Day trading in over two years. Following the lifting of restrictions early this year, the head of Bira believes this will be the strongest trading period of the year so far as shoppers will be able to hit the…
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9 MarchManufacturers
Petra Diamonds Tender 4 sales hit $140.6m
Petra Diamonds Limited has announced its Tender 4 sales hit $140.6m (£106.89m) in FY22, following the sale of 735,222 carats. The announcement comes as the group reported its YTD sales reached $405.3m (£308.12m), while full year sales in FY21 were $406.9m (£309.34m), with further tenders for FY22 due to be…
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Feb- 2022 -23 FebruaryManufacturers
Petra Diamonds H1 profits surge to $91.1m
Petra Diamonds Limited has reported its adjusted pre-tax profits increased to $91.1m (£66.98m) for the six months ending 31 December 2021 (H1 FY22), compared to $6.5m (£4.77m) in H1 FY21 and an overall loss of $18.3m (£13.45m) for the full year in FY21. However, net profit after tax reduced to…
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23 FebruaryRetailers
New report indicates extent of high street challenge, says Bira
A report released by PwC about a study on how the high street is fairing shows how “challenging the high street continues to be”, according to The British Independent Retailers Association (Bira). The report, released this week, highlighted how store closures for chains and multiples slowed versus the last two…
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