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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Sep- 2015 -28 SeptemberRetailers
Mappin & Webb receives royal warrant expansion
Mappin & Webb has received an expansion to its royal warrant after being appointed Royal Warrant Holder as Jewellers, Goldsmiths and Silversmiths to Her Majesty The Queen. The jewellery store, which has held a royal warrant as Silversmiths to Her Majesty The Queen since 1897, has now been appointed jewellers…
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18 SeptemberInternational
Petra Diamonds revenue drops 10% in full year results
Petra Diamonds has announced that revenue for the year ended 30 June 2015 dropped by 10% to $425m (£271.7m) compared with the previous year, according to its preliminary unaudited results. Net profit after taxation was down a more considerable 33% to $62.8m (£40.2m). The firm put the decreases down to the reliance of its underground mines on…
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Aug- 2015 -17 AugustQ&A Sessions
INTERVIEW: Scott Thompson, 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 Thompson. Give us a 60-second roundup of what’s been going on in the last 12 months We’ve expanded our footprint in Hong…
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Jul- 2015 -27 JulyEconomy
Petra Diamonds production up but revenue falls 10%
Independent mining firm Petra Diamonds has reported a fall in revenue despite an increase in production in its full year financial results, ending June 30. Revenue for the company was down 10% to $425m (£273.9m), which it put down to lower average diamond prices than in the same time last…
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22 JulyRetailers
Watchfinder & Co to open flagship store in Leeds
Watchfinder is to open a two-storey retail premises in Leeds, its third bricks and mortar boutique in the UK. The boutique will be situated in the historic Grade II* listed Victoria Quarter arcade and is due to open in late September 2015. With two stores in the South East already, Watchfinder’s…
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17 JulyAuctions
Rocks & Co set for rebrand and relocation
Jewellery shopping channel Rocks & Co has announced it is in the process of ‘major’ expansion and rebranding plans, which will see the company relocate to Birmingham. The company – which is part of Eumelo, a large multinational group which broadcasts live from cities including Rome and Berlin – has…
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16 JulyWatch Focus
Watchfinder appoints marketing gurus ahead of European expansion
Pre-owned luxury watch retailer Watchfinder has appointed a marketing agency as part of its plans to access the European market more comprehensively. Watchfinder said that Hometown, which won the business after a competitive pitching process, will develop a campaign to provide Watchfinder with a distinctive voice within the luxury market,…
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16 JulyRetailers
Northern Goldsmiths reopens following £1m refurbishment
Goldsmiths has reopened its Newcastle ‘flagship’ showroom following a £1m refurbishment. Northern Goldsmiths, located in the city centre, unveiled its new-look showroom to the public earlier this month after two months of restoration which involved the 80-year-old 24ct gold leaf Rolex clock on the corner of the store being removed…
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15 JulyDesigners
Vashi seeks funding for retail expansion
Diamond e-tailer Vashi has launched an £850,000 fundraise on equity crowdfunding platform VentureFounders to raise capital for a high street presence. With the bulk of the firm’s sales predominantly made online, Vashi is seeking to raise £850,000 in this Enterprise Investment Scheme (EIS) eligible round, at a pre-money valuation of…
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3 JulyRetailers
Laing Edinburgh secures £1.3m relocation
Independent jeweller Laing Edinburgh is set for a £1.3m relocation to Edinburgh’s exclusive George Street – fulfilling a lifelong dream for chairman Michael Laing. The jewellers, which is celebrating its 175th anniversary this year, has agreed terms to move into 72 George Street, formerly occupied by Barclays Bank, and is…
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