Expansion
Expansion in the jewellery trade signifies strategic growth—whether through entering new geographic markets, launching additional retail outlets (including concessions and pop-ups), diversifying product lines, or broadening online presence. Such developments reflect consumer confidence, brand ambition, and supply-chain agility. Jewellery Focus delivers in-depth, trade-focused coverage of expansion activity across the UK market, spotlighting growth strategies from fledgling designers, established retailers, and manufacturers. We report on site selections, financing approaches, digital vs. physical channel decisions, logistical scaling, and performance measurement. Our analysis supports jewellers, brand teams, distributors, financiers, and suppliers in evaluating risks and opportunities tied to growth initiatives and in executing sustainable, profitable expansion plans.
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Aug- 2021 -12 AugustManufacturers
Lucara Q2 revenues soar 517%
Diamond mining company Lucara Diamond Corp saw revenues soar 517% year-on-year to $46.3m (£33.4m) in Q2 FY21. The Canadian group, which operates Botswana’s Karowe Mine, also swung to a net profit of $6m (£4.33m) for the three month period ended 30 June, up from Q2 FY20’s $13.9m (£10m) net losses.…
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5 AugustRetailers
Astley Clarke to open flagship London store this Autumn
British jewellery brand, Astley Clarke has announced that it will debut its first UK flagship store at Seven Dials’ Monmouth Street, London, this Autumn. Spanning just over 900 sq ft, the jeweller’s first bricks and mortar home will stock fine and demi-fine elevated jeweller. Founded in 2006 by Bec Astley…
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Jul- 2021 -30 JulyManufacturers
Lucara recovers 393.5 carat white diamond
Lucara Diamond has announced the recovery of a 393.5 carat top “white Type IIa gem” quality diamond from its 100% owned Karowe Diamond Mine located in Botswana. The diamond was recovered from direct milling of ore sourced from the M/PK(S) unit of the South Lobe. During the same production month,…
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16 JulyRetailers
SVP Jewellery expands presence in Ireland with new partnership
SVP Jewellery has announced a new partnership with Erin Agencies which will see it expand the company’s presence in the north and south of Ireland. The jeweller will be rebranded to Sarah Verity for the Irish market, to avoid confusion with the Society of Saint Vincent de Paul. The brand…
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Jun- 2021 -21 JuneRetailers
Laings reveals £10m investment plan
Laings, an independent jewellery business, has announced a £10m two-year expansion plan to strengthen the group’s presence across the UK. The funds will be used for a number of projects, including the transformation of Laings’ showrooms and workshops in Glasgow, Edinburgh, Southampton, and Cardiff. Moreover, the company revealed that it…
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18 JuneRetailers
Maya Gemstones expands ‘Out of Office’ collection
Jewellery brand, Maya Gemstones, has announced an expansion to its Out of Office collection which includes two new pieces. Originally launched at Paris Fashion Week in 2019, the collection includes gem-encrusted pieces based on pencils and rulers, as well as the newly wearable paperclip earrings that are sold in pairs,…
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May- 2021 -21 MayRetailers
Richemont’s jewellery maisons drive sales recovery
Luxury goods holding company Richemont has announced that its FY21 jewellery maisons sales grew 3% year-on-year to £6.42m. Operating profit at the Swiss firm’s jewellery maisons also spiked 11% for the year ended 31 March 2021, increasing its operating margin to 31%. The owner of Cartier, Van Cleef and Arpels,…
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18 MayProduct Launches
Scream Pretty expands into US market
British jewellery brand Scream Pretty has announced its further expansion into the international market, by launching in the US on 9 June 2021. The brand will open a new hub in San Francisco, and launch its recycled sterling silver and gold-plated recycled sterling silver designs to the US market online…
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14 MayRetailers
Daniella Draper Jewellery to launch sixth site
Jewellery retailer Daniella Draper Jewellery has announced the opening of its sixth site, located on Grimsby’s Victoria Street. Founded in Cleethorpes over a decade ago, the launch represents a further expansion into Grimsby, where the firm’s workshop is also based. The shop features a “promising, bright space” with an antique…
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12 MayTrade Organisations
Jewellery bodies urge Pandora to retract LGD narrative
A clutch of leading jewellery organisations have come together to call upon Pandora to retract its stance regarding lab-grown diamonds (LGDs). The bodies have urged the Danish jewellery brand to “market LGDs responsibly”, and take back its “false and misleading narrative” surrounding the ethical superiority of LGDs. The participants of…
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