Economy
The economy has a direct influence on the UK jewellery trade, affecting consumer spending, material costs, and business confidence across the sector. For jewellers, manufacturers, and suppliers, staying informed on economic trends is vital to planning and resilience. Jewellery Focus provides expert coverage of economic developments impacting the trade, including inflation, interest rates, consumer confidence, and supply chain challenges. Our reporting helps jewellery professionals understand the wider market forces shaping their business environment.
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Oct- 2017 -10 OctoberCurrent Affairs
Jewellersโ customer data at risk from new EU legislation
Customer engagement specialists, Redblok, have warned that many business owners are unaware of new EU data protection legislation that will impact how businesses in the jewellery and luxury goods sectors can collect, retain and process their customersโ data. The General Data Protection Regulations (GDPR) will come into force on 25…
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Sep- 2017 -21 SeptemberAdvice
3 sure-fire strategies for UK jewellers in uncertain times
Three big news topics that concern the UK jewellery industry have recently been debated in both mainstream and industry media: Brexit, a shifting economy and the challenge of marketing luxury goods to millennials. As a consequence, many UK jewellers feel that they now have to make strategic business decisions in…
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Jun- 2017 -30 JuneEconomy
Significant rise in business confidence
Overall business confidence has risen significantly since the start of the year, according to Lloyds Bank. The latest Business in Britain report from Lloyds Bank, based on data gathered after the snap election was called, showed that the confidence level had increased by 24%. The confidence index โ an average…
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9 JuneCurrent Affairs
Businesses must โremain resilientโ despite political uncertainty
British entrepreneur Cat Paton has said British businesses should โremain resilientโ following the hung parliament election result. Following a significant drop in the value of the sterling, Paton, managing director of British marketplace OnBuy, said the currency value may encourage a โrenewed focus on tradingโ within the UK. The pound…
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7 JuneEconomy
Businesses unable to cope with interest increases, research shows
One in 25 businesses would be unable to pay off its debts if the interest rates were to increase, research from insolvency trade body R3 has shown. Some 79,000 (4%) UK companies said that a small increase would affect them financially, almost a quadrupling (20,000) of figures from previous research…
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May- 2017 -17 MayCurrent Affairs
CBI boss calls for โBrexit task forceโ
Britainโs business leaders have the โsolutionsโ to help Britain get a good deal from Brexit, a businessman has said. Paul Drechsler, president of the Confederation of British Industry (CBI), called on the next government to set up a Business Brexit Taskforce in their first 50 days to help ensure business…
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11 MayCurrent Affairs
1.4m jobs at risk as SMEs close, says business sale marketplace
Over 1.4 million jobs in the UK are at risk as hundreds of thousands of small businesses close within the next five years, according to a survey by business sale marketplace Bizdaq. The survey showed that companies are closing at an โalarming rateโ, with 363,000 small business owners planning to…
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4 MayEconomy
Global gold demand drops by 18%
The global gold demand in Q1 of 2017 has dropped by 18% when compared to last year, according to the World Gold Councilโs latest Gold Demand Trends report. While inflows into exchange traded funds (ETFs) were solid, the demand couldnโt match 2016โs โexceptionally highโ Q1. European-listed products were the most…
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Apr- 2017 -26 AprilCurrent Affairs
Loss of EU workers would be a โhuge blow
Over half of small businesses with EU workers are worried about accessing people with the right skills, or growing their business post-Brexit, according to new research from the Federation of Small Businesses (FSB). FSBโs latest report, โA skilful exit: What small firms want from Brexitโ, shows one fifth (21 percent)…
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4 AprilNews
Glitzbox launches UK’s first jewellery subscription service
Glitzbox, the first jewellery rental subscription service in the UK, is set to launch this April. The subscription box has been created by jewellery consultant Tamzin Ivy, who has worked with independent jewellery brands and notonthehighstreet.com. Glitzbox will allow subscribers to receive three selected pieces of jewellery which they can…
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