Diamond
Diamonds remain the cornerstone of the global jewellery trade, shaping trends and driving consumer demand across all market segments. For UK jewellers, designers, wholesalers, and manufacturers, staying informed about developments in the diamond sector is critical to navigating supply chain dynamics, pricing fluctuations, and shifting consumer preferences. Jewellery Focus provides comprehensive coverage of the diamond industry, including market analysis, ethical and lab-grown alternatives, regulatory changes, and insights into sourcing and sustainability. From the latest trends in diamond jewellery to updates from major producers and distributors, our reporting equips trade professionals with the knowledge to make informed commercial decisions.
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Jul- 2016 -8 JulyAuctions
Strong auction results for Fellows despite ‘Brexit anxiety’
Fellows Auctioneers has reported an “impressive” hammer sale of £276,976 at its jewellery auction held on Thursday, 7 July. More than 1,500 lots were available at the sale with 72% being told. The auction house said the most “encouraging” thing was the comparison with its sale two weeks earlier –…
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5 JulyEconomy
Brexit fuels uncertainty as polished diamond prices slide in June
Polished diamond prices fell in June and sentiment softened after “relatively weak” Las Vegas and Hong Kong shows, according to the Rapaport Group. The group said steady US demand supported the market but overall demand was sluggish, with Britain’s decision to leave the EU, the US election and continued weakness…
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4 JulyCrime
8 arrested following spate of jewellery store robberies in West Yorkshire
Eight people have been arrested following a series of three jewellery store robberies across West Yorkshire. Jewellery stores were targeted in Hebdon Bridge, Halifax town centre and in Brighouse over a seven day period from 24 June to 30 June. Kingston Diamond Merchants, Duranczyk T&G and Neimantas Jewellers were all…
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Jun- 2016 -30 JuneAuctions
Largest diamond discovered in a decade fails to sell at auction
The world’s largest rough diamond found in a decade has failed to sell at a London auction after bids did not reach the minimum reserve price. The 1109-carat ‘Lesedi la Rona’ – the largest rough diamond in existence today – was uncovered by diamond production firm Lucara in November 2015…
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28 JuneEconomy
Rough diamond demand stable in fifth sales cycle, says De Beers
The De Beers Group of Companies has announced rough diamond demand is stable in its latest sales cycle. Provisional sales for the company’s fifth sales cycle of 2016 stood at $560m (£420m). This was down on the $636m (£473m) raised in its fourth sales cycle of the year, but De…
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21 JuneManufacturers
Stephen Betts Group acquires Unity Wedding Bands
Precious metal specialist Stephen Betts Group has announced the acquisition of wedding band manufacturer Unity Wedding Bands. The sale will put Betts Metal Sales (BMS) in full control of all aspects of the manufacturing process for its wedding rings, as well as bringing a dedicated team of skilled, innovative designers…
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21 JuneCurrent Affairs
Petra recovers 121.26-carat white diamond
Mining firm Petra Diamonds has announced the recovery of a 121.26-carat white diamond from its Cullinan mine in South Africa. The stone is a type II diamond of ‘exceptional colour and clarity’ and is an example of the large and high-quality diamonds the mine is known. The largest rough diamond…
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20 JuneEvents
Benjamin Pritchard receives Goldsmiths’ Young Apprentice of the Year award
Former Goldsmiths’ apprentice Benjamin Pritchard has been named the Goldsmiths’ Young Apprentice of the Year. The medal, which Pritchard picked up from Princess Anne, the Princess Royal, at the Prince Philip Medal Awards Ceremony at Buckingham Palace, depicts the leopard head of the Livery Company’s coat of arms and was…
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13 JuneCrime
Five jailed over £7m Monopoly money scam on jewellery stores
A gang of conmen who used Monopoly money to trick jewellery store owners as part of a £7m scam have been sent to jail for a combined total of 22 years. The sentencing follows an investigation into organised frauds, including an elaborate fraud in Bristol where a jeweller lost £420,000…
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10 JuneAuctions
Blue diamond sells for record-breaking £17.5m
The Cullinan Dream has sold at auction for $25.3m (£17.5m), making it the most expensive fancy intense blue diamond to have ever gone under the hammer. The 24.18-carat diamond – sold at Christie’s Magnificent Jewels & The Cullinan Dream auction in New York on Thursday 9 June – is named…
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