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- 2021 -5 OctoberTrade Organisations
RJC partners with Paola De Luca on sustainability programme
Responsible Jewellery Council (RJC) has announced a new collaboration with luxury analyst Paola De Luca, to deliver three complementary course programmes about sustainability, recycling and responsible materials management to jewellery designers around the world. The webinar modules, endorsed by the RJC, will take place on 20 October, 3 November and…
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Jul- 2021 -15 JulyManufacturers
Alrosa releases inaugural impact report for 2010s
Alrosa, a global diamond mining company, has released its inaugural impact report, covering the period 2010 to 2020. The report focuses on Alrosaโs Yakutia, Russia region, which is home to 90% of the groupโs operations. According to Alrosa, the firm contributed approximately $22bn (ยฃ15.9bn) to the regionโs local economy over…
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2 JulyRetailers
Furlough numbers drop by almost half
The number of people on furlough has almost halved in three months to the end of May 2021, according to HM Treasury. More than one million workers came off furlough in the four weeks between the end of April and the end of May which coincided with the start of…
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Jun- 2021 -17 JuneCoronavirus
Gov extends insolvency support measures
The Government has announced that it is extending insolvency measures supporting businesses throughout the pandemic to the end of June 2021. First introduced in the Corporate Insolvency and Governance Act at the start of the pandemic, the measures protect businesses from creditor enforcement while also removing personal liability on company…
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May- 2021 -12 MayEconomy
UK economy shrinks 1.5% in Q1 despite signs of recovery
The UK economy shrank by 1.5% during the first three months of the year due to the impact of the national lockdown. According to the latest figures by the ONS however, the contraction shows a marked improvement on the first lockdown last year when gross domestic product (GDP) contracted by…
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11 MayRetailers
C W Sellors appoints new trade sales manager
C W Sellors has announced the appointment of Phillip Connors as the new UK trade sales manager. Connors joins the company with the aim to help develop and re-engage the groupโs portfolio of regional and national jewellery accounts, whilst broadening its offering to heritage and tourist sites across the UK.…
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7 MayAppointments
Birmingham Assay Office appoints new wardens
Birmingham Assay Office has announced the appointment of two new wardens, Russell Jeans, founder and CEO of Sefton and Associates, and Andrew Lee, senior board executive, following the retirement of long-standing wardens, Tim Clay and John Wood. Jeans is a fellow of the Association of Chartered Certified Accountants and a…
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Mar- 2021 -15 MarchRetailers
VNJ secures ยฃ150,000 funding package
V N Jewellery (VNJ), an online jewellery retailer, has secured a ยฃ150,000 funding package from Maven Capital Partnersโ Midlands Engine Investment Fund (MEIF). Based in Aylesbury, the firmโs team comprises Hai Ngan Knight and Jeremy Knight, who act as managing director and finance director respectively. VNJย will use the investment…
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3 MarchCurrent Affairs
RJC urges industry leaders to adopt sustainable change
The Responsible Jewellery Council (RJC) has published an open letter to jewellery industry leaders, urging them adopt sustainable practices within their businesses. Last year, the trade association stated its โdecade of actionโ in its bid to reach its โ17 Sustainable Development Goalsโ, an initiative set up to combat climate-change related…
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3 MarchCoronavirus
Budget 2021: Chancellor unveils new ยฃ65bn support package
Chancellor Rishi Sunak has outlined a new ยฃ65bn support package in his March budget, confirming the decision to extend the furlough scheme until the end of September as well as new loan schemes of up to ยฃ10m for businesses. In what is Sunakโs second budget since he joined office in…
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