Expansion
Expansion in the jewellery trade signifies strategic growthโwhether 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. JewelleryโฏFocus 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- 2016 -7 SeptemberRetailers
Aurum Holdings opens the Watch Lab in Newcastle
The Watch Lab, part of Aurum Holdings following its recent acquisition, has opened its doors on Northumberland Street in Newcastle. Based within the Monument Wall development, the store represents the seventh Aurum-operated venture in the region joining stores such as the Northern Goldsmiths and Reid & Sons in Newcastle city…
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Jun- 2016 -13 JuneRetailers
Watches of Switzerland set to open new Knightsbridge store
Watches of Switzerland is set to complete what it calls a โgolden triangleโ of London stores with the opening of its new Knightsbridge store later this month. The three-storey showroom will open on Brompton Road on 27 June and will feature the UKโs largest Patek Philippe in-store boutique, a rolex…
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May- 2016 -27 MayRetailers
Signet Jewelers reports record first quarter earnings
Signet Jewelers, the parent company of UK-based H Samuel and Ernest Jones, has reported record earning for the first quarter of the year. For the 13 weeks ending April 30, 2016, the company reported diluted earnings per share grew 26.4%. Same-store sales for the retail conglomerate were up 2.4% with…
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Apr- 2016 -26 AprilAuctions
Phillips to expand international watches team
Auction house Phillips has announced a โsignificantโ expansion to its team of international watch specialists, with new roles in New York, Geneva and Hong Kong. The new appointments include Douglas Escribano as senior international specialist in New York; Amy Chow as senior specialist in Hong Kong; and Alex Ghotbi as…
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26 AprilCurrent Affairs
Petra Diamonds revenue soars 25% in Q3 results
Petra Diamonds has announced its revenue rose 25% to $120.5m (ยฃ82.9m) in the third quarter (Q3) of the 2016 financial year, when compared with the same period in 2015. In its latest trading update for the period from 1 January to 31 March, Petra said its revenue was pushed up…
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15 AprilRetailers
Tustains Jewellers set to undergo ‘major refurbishmentโ
Warwickshire jewellers Tustains has announced plans to triple the size of its showroom as part of a โmajor investmentโ planned for the summer. The firm, which has been based in Leamington for more than 120 years, will undergo a significant expansion this year in a move which is expected to…
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11 AprilCrime
VIDEO: Illegal gold mining is ‘driving organised crime in Latin America’
Illegally mined gold in South America has overtaken cocaine and is now the โmost importantโ way to earn money for organised crime gangs, according to a new report. The new report, from The Global Initiative Against Transnational Organised Crime, found in Peru and Colombia – the largest cocaine producers in…
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7 AprilUncategorized
VOHS: Becky Rowe Jewellery
Name: Becky Rowe Jewellery Location: St Martin, Guernsey, Channel Islands Years established: September 2011 Number of staff: Five Website: www.beckyrowejewellery.com When was Becky Rowe Jewellery founded? In February 2011, my brother Sam and I went to The Munich Jewellery Show. It was then that we realised the combination of my…
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7 AprilVoice On The Highstreet
VOHS: Banks Lyon
Name: Rodney Banks Lyon Location: Lancaster Year Established: 1985 Number of Staff: 12 Website: www.bankslyon.co.uk When was Banks Lyon founded? Banks Lyon Jewellers was founded by myself in 1985. Having served various apprenticeships at H. Samuel, Mappin & Webb and Goldsmithsย alongside gaining a distinction in my FGA, my father was…
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Jan- 2016 -25 JanuaryEconomy
Petra Diamonds revenue falls 28% in first-half results
Petra Diamonds has announced that revenue for the first six months of the financial year – ending December 31 – fell 28% to $154m (ยฃ108m). The fall in revenue was despite a 2% increase in production to 1,629,403 carats – compared with 1,601,069 carats in the same period last year…
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