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- 2021 -12 MayEconomy
UK economy shrinks 1.5% in Q1 despite signs of recovery
The UK economy shrank by 1.5% during the first three months of the year due to the impact of the national lockdown. According to the latest figures by the ONS however, the contraction shows a marked improvement on the first lockdown last year when gross domestic product (GDP) contracted by…
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11 MayDesigners
Boodles FY20 turnover falls 4%
Boodles, the luxury jeweller and jewellery designer, saw turnover fall 4% year-on-year to £74m for the year ended 29 February 2020. Operating profit for the period also declined from £10.9m in FY19 to £7.21m in FY20, as a result of “higher expenses and slightly lower sales”. The group claimed that…
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4 MayManufacturers
Nusa expands into UK wholesale market
Nusa, a Balinese-inspired jewellery brand, has announced its expansion into the UK wholesale market. The firm has also revealed that it is on the search for retailers to partner with as stockists for its handcrafted silver jewellery collections. To entice potential collaborators, the brand said that it is available with…
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Apr- 2021 -29 AprilEconomy
Global gold jewellery demand climbs 52%
The volume of gold jewellery purchased by global consumers has reportedly increased by 477.4 tonnes (t) year-on-year for Q1 2021, representing an annual rise in value of 52%. According to the World Gold Council (WGC), the increase in demand can be attributed to a decline in the price of gold…
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23 AprilEvents
Istanbul Jewelry Show postponed until March 2022
Organisers for the Istanbul Jewelry Show (IJS) have announced that it has been postponed and rescheduled to take place on 24-27 March 2022. Originally due to happen between 27-30 May 2021, the decision to delay the event followed a consultation with the industry and the IJS stakeholders. The show will…
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12 AprilRetailers
Lark & Berry launches piercing experience
Lark and Berry, the fine jewellery designer brand, has launched three luxury piercing experiences alongside the reopening of non-essential retail. The Nova Experience, Sparkly Duo, and Diamond Trio offers will include the brand’s entire 14K piercing collection. Moreover, the packages, available at the company’s Marylebone store, will feature Lark and…
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9 AprilManufacturers
HB Antwerp and Lucara extend partnership
HB Antwerp and Lucara Diamond Corp have announced a new minimum two-year partnership agreement. First seen in 2020, the collaboration sees HB Antwerp purchasing the entirety of Lucara’s +10.8 carat rough diamonds from the Karowe mine in Botswana. The high value diamonds account for 70% of Lucara’s annual income, and…
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7 AprilInternational
De Beers sees third cycle rough diamond sales slowdown
De Beers Group has announced a provisional value of rough diamonds sales of $440m (£318.2m) for the third sales cycle of 2021. The sales comprise both global sightholder sales and auctions, and represents a $440m (£318.2m) rise from 2020’s actual third cycle sales of £0. However, the figures show a…
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Mar- 2021 -29 MarchAuctions
Shannon’s Jewellers set to shutter
Shannon’s Jewellers has announced that after 95 years in business, due to Covid-19 circumstances, the shop will close. Wilsons Auctions has been appointed to launch a closing down sale which will begin on 1 April 2021 to sell off the remaining jewellery stock. Additionally, the business said it has a…
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18 MarchRetailers
Signet Jewelers operating income drops £116m
Signet Jewelers has announced that its total operating income for the fiscal year 2020 dropped to $156.4m (£112m) from $318.3m (£228m) as a result of continuous trading disruptions from the Covid-19 pandemic. The group which operates brands such as H. Samuel and Ernest Jones, saw its total sales for the…
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