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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Feb- 2021 -26 FebruaryDesigners
Lucy Quartermaine welcomes boost in online sales
Designer silver brand Lucy Quartermaine has welcomed “amazing” success in trading after online sales soared by 88% in January against last year. According to the group, this marked a continuation of an “excellent” e-commerce performance reported in the final quarter of 2020, with its website seeing a 145% increase in…
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26 FebruaryInternational
Anglo-American reports 27% decline in revenues
Anglo-American has reported a 27% decline in revenues in its preliminary financial results for 2020. The rough diamond mining company saw revenue drop from $4.6bn (£3.3bn) in 2019 to $3.4bn (£2.4bn) last year. Furthermore, Anglo-American’s sales fell by 30% over the same period, dropping to $2.8bn (£2bn), as the company…
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24 FebruaryCoronavirus
Scotland to reopen non-essential retail from 26 April
First minister Nicola Sturgeon has announced that non-essential retailers in Scotland will be able to reopen from 26 April. Sturgeon outlined the country’s exit out of lockdown restrictions yesterday (23 February), giving businesses a timeframe of when they can expect to reopen. Scotland’s stay-at-home order is likely to remain in…
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22 FebruaryCoronavirus
PM outlines ‘roadmap’ out of lockdown
Prime minister Boris Johnson has set out his four-step “roadmap” to guide the nation out of lockdown “cautiously but irreversibly”, calling the plan a “one-way road to freedom”. Step one will begin from 8 March, when all schools will be allowed to open with outdoor after-school sports and activities allowed.…
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18 FebruaryEvents
Inhorgenta Munich trade show cancelled due to Covid
Inhorgenta Munich, the European jewellery platform, has announced the cancellation of its upcoming trade show at the Messe München exhibition centre in München, Germany. The show’s organisers had originally postponed the show from February to April, with the aim to provide exhibitors with increased planning security. However, international restrictions on…
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10 FebruaryFeatures
David Berkley QC: Interruption and insurance in the age of Covid
As we emerge from one of the most tumultuous periods in living memory, it perhaps comes as little surprise that insurance has been thrust into the spotlight. The unprecedented impact of the pandemic has brought a renewed focus to the issue of business security and, more specifically, business interruption coverage. …
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1 FebruaryDesigners
Swatch sales drop by almost a third
Swatch has announced that sales for 2020 fell by almost a third due to Covid-19 restrictions and lockdowns affecting business. The watch manufacturer saw sales dropped to CHF 5.95m (£4.45m) over the period, resulting in a total net loss of CHF 53M (£43m). Known for brands such as Omega, Tissot…
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Jan- 2021 -22 JanuaryInternational
Alrosa posts strong recovery due to holiday sales
Alrosa has reported a sharp increase in sales in the fourth quarter of 2020 due to strong demand during the holiday season. The company announced that revenue from rough diamonds has increased by 29% year-on-year to $1.14bn (£834bn) as a release of pent-up demand allowed the Russian miner to sell…
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20 JanuaryManufacturers
Petra Diamonds revenue slides 8%
Petra Diamonds saw revenue fall by 8% to $178.1m (£130m) in the first half of 2020, down from $193.9m (£) the previous year, attributed to the continuous impact of Covid-19. The group sold 1,712,797 carats in 2020, which was marginally less than in 2019, when 1,743,807 carats sold. In 2020,…
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19 JanuaryEvents
Istanbul Jewelry Show postponed until May
Organisers for the annual Istanbul Jewelry Show have announced that the event has now been postponed until 27-30 May 2021. The trade show was originally set to take place between 25-28 March 2021, but has been scheduled in light of ongoing restrictions on international travel. The rescheduled event will take…
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