Economy

Diamond prices plummet in July

Diamond prices dropped sharply in July amid slow retail sales and an oversupply in India, according to Rapaport’s RapNet Diamond…

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Royal Mint unveils new e-waste gold extracting factory

The Royal Mint has announced the launch of a new factory which will extract gold from electronic waste. Located in…

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BoE cuts interest rates for first time in 4 years

The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling…

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UK Jewellery, Silverware and Allied Crafts industry welcomes new secretary and minister of state

The UK Jewellery, Silverware and Allied Crafts industry has welcomed the appointment of Lisa Nandy MP and Sir Chris Bryant…

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Cold weather chills consumer spending in June

UK Total retail sales decreased by 0.2% year on year in June, against an increase of 4.9% in June 2023,…

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BATF and NAJ unveil executive appointments following AGMs

The British Allied Trades Federation (BATF) and the National Association of Jewellers (NAJ) have appointed a new CEO, president, chair,…

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UK sales slightly increase by 0.7% in May

UK total retail sales increased by 0.7% year on year in May, against a growth of 3.9% in May 2023.…

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Chancellor cuts NI by a further 2p as part of Spring Budget

Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April,…

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NAJ roundtable discusses future of trade with Chris Bryant MP

The National Association of Jewellers (NAJ) hosted a special 23 person industry wide roundtable on 8 February, bringing together all…

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Consumer confidence falls in February

UK consumer confidence dropped two points in February to -21, according to GfK’s long-running index. The survey revealed that four…

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