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- 2022 -29 JulyNews
Jewellery customers lower average purchases
Jewellery customers have lowered their average purchases in recent months as interest rate hikes and inflationary pressures throughout the UK have “dampened” consumer sentiment, according to Lily Arkwright. The sustainable jewellery retailer said it is seeing early signs of shift in consumer sentiment towards high value purchases. It added that…
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28 JulyDesigners
Vrai unveils Bezel Solitaire collection
Vrai has announced the launch of its latest range, The Bezel Solitaire collection, described as “where modern meets art deco”. The collection features Vrai created diamonds surrounded by a solid gold bezel, marrying the signature Bezel line with the classic Solitaire collection for a “contemporary yet timeless allure.” A 14k…
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27 JulyRetailers
Rough diamond sales drop in cycle 6 to $630m
De Beers Group has announced the value of rough diamond sales for the sixth sales cycle of 2022 has dropped to a provisional $630m (£523m), down from $657m (£545m) in cycle five. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De…
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27 JulyRetailers
Beaverbrooks profits surge 117% to £35.3m
Beaverbrooks has announced “record breaking” sales as its group operating profit surged 117% year-on-year from £16.3m to £35.3m in FY22, with turnover rising 64.4% year-on-year and 41.3% compared to its most profitable centenary year in 2019-2020. The family-owned national jewellery and watch retailer also saw a gross profit margin of…
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22 JulyTrade Organisations
De Beers rough diamond production falls 4%
The De Beers Group has reported that rough diamond production fell by 4% to 7.9 million carats in the second quarter of 2022 (Q2), despite a “strong” demand for rough diamonds continuing in the quarter. In Botswana, production decreased by 4% to 5.5 million carats due to lower grade ore…
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21 JulyRetailers
Get-Diamonds launches virtual ‘try-on’ tool
Get-Diamonds has launched an augmented reality (AR) tool, ‘Virtual Hand’, that enables users to virtually try-on a variety of diamond rings in different sizes, cuts, and settings, using computerised imaging. Virtual Hand is intended for use by retailers as a service for their customers, and the first stage of the…
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20 JulyFeatures
How are gemstones reinventing the jewellery industry
Gemstones have been a popular choice for jewellery for centuries, and their popularity does not seem to be waning. Gemstones are currently experiencing a bit of a renaissance in the jewellery industry. Thanks to new technologies and design trends, gemstones are being used in innovative ways that are changing the…
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20 JulyRetailers
Constantin Wild celebrates 175th anniversary with charity auction
Jeweller Constantin Wild has celebrated its 175th anniversary with a charity auction of a new piece, Tears of Hope. The piece of jewellery, designed by Caterina Murino, is a unique gold brooch which also can be worn as a pendant featuring a 4.58-carat Brazilian rubellite and a small diamond, and…
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19 JulyRetailers
Dimexon launches first ESG report
Ethical diamond supplier Dimexon has announced the launch of its first Environmental, Social and Governance (ESG) report – “Diamonds with Purpose”. The report aims to highlight ESG achievements over the years and to set new sustainability and ethical goals for 2023, 2025 and 2030. Among its aims include 100% traceability…
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19 JulyManufacturers
Petra FY22 revenues hit £486.7m
Petra has announced that its revenues hit $585.2m (£486.7m) in the financial year ending 30 June 2022 (FY22), up year-on-year from $406.9m (£338.43m). This comprises a 44% rise in revenues to $584.1m (£485.81m) from diamond sales, and additional revenues from profit share agreements of $1.1m (£914,903). Petra said the increase…
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