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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Nov- 2015 -18 NovemberEconomy
UK jewellery exports via Heathrow up 18%
The value of jewellery exported via Heathrow airport has increased by 18% over the past two years, according to new figures. The UK customs data released by Heathrow, and analysed by management consultants Seabury, found jewellery to be the third most valuable export travelling via the London-based airport at ยฃ3bn.…
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Oct- 2015 -19 OctoberEconomy
Consumer confidence at four-year high in Q3
Consumer confidence has reached a four-year high in the third quarter of 2015, according to the latest Deloitte Consumer Tracker. The quarterly survey of 3,000 UK consumers said that consumers have shrugged off the turmoil seen in the global financial markets during the period. Consumer confidence rose by 2%, despite…
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15 OctoberInternational
Alrosa president โconcernedโ over synthetic diamonds
Andrey Zharkov, president of Russian diamond mining company Alrosa, has warned that the diamond industry is suffering from reputation risks due to synthetic stones. Speaking at the World Diamond Council (WDC) in Moscow on Tuesday, October 13, Zharkov said that the industry should be concerned by โgrowing occasionsโ on the…
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14 OctoberEvents
Mococo founders named Business People of the Year at local awards
Lee and Maureen Hooson, founders of jewellery retailer Mococo, have been named Independent Business People of the Year at the Merseyside Independent Business Awards. The husband-and-wife team and joint managing directors of the company scooped the accolade at a black tie ceremony held in Liverpoolโs Titanic Hotel. Maureen said: โIโm…
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9 OctoberBrand Profiles
Interview with Scott Thomson, CEO of Carat*
Luxury fashion jewellery brand Carat* spent the latter half of 2014 expanding its footprint both in the UK and overseas. MICHAEL NORTHCOTT caught up with founder and CEO, Scott Thomson [divider style=”solid” top=”20″ bottom=”20″] Give us a 60-second roundup of whatโs been going on in the last 12 months Weโve…
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5 OctoberCurrent Affairs
Local councils to receive control of business rates
Local councils are set to get control of business rates following a major overhaul of the system announced by George Osborne today. Speaking at the Conservative Party conference, Osborne announced that councils will be able to set their own level of rates, giving local authorities the freedom to compete with…
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5 OctoberEconomy
CBI: September retail sales grew faster than expected
Sales and orders grew at a stronger rate than had been expected in the year to September with the pace of growth expected to continue into October. This is according to the Confederation of British Industryโs (CBI) latest Distributive Trades Survey. The survey of 119 firms showed that sales volumes…
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Sep- 2015 -22 SeptemberInternational
Global diamond jewellery demand grew 3% in 2014
Global diamond jewellery demand grew 3% in 2014 to exceed $80bn (ยฃ51bn) for the first time, according to De Beers. The Diamond Insight Report said this is the fifth consecutive year of growth since the global recession, while global rough diamond production rose 6% to $19bn (ยฃ12bn). Consumer demand in…
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1 SeptemberEditor's Blog
Rumblings from the East
It has taken years for the jewellery industry to get back to a semblance of growth. But where once the whys and wherefores of economic rise and fall could be identified, isolated, and understood, they are becoming more opaque. This month the Chinese economy slowed to the extent that financial…
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Aug- 2015 -18 AugustE-Commerce
Online retail sales jump 12% in July
UK online retail sales surged 12% year-on-year in July and were up 15% when excluding travel, according to new data released today. The IMRG Capgemini e-Retail Sales Index also found that sales made via a mobile device, either a smartphone or tablet, saw annual growth of 42%. At 5.1%, July…
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