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- 2024 -27 AugustRetailers
Lovisa shares slump despite rise in FY24 profits and revenues
Australian jewellery store chain Lovisa has seen a 15% decline in its share price to $30.76 (£15.76) despite posting a 21% increase in net profit to $82.4m (£42.2m) and a 17.1% increase in revenues to $699m (£358.1m) in FY24. The jewellery brand, which operates more than 900 stores globally, stated…
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19 AugustRetailers
Lucy Quartermaine partners with Harding for cruise collections
Lucy Quartermaine has partnered with travel retail specialists Harding to launch its Quartermaine collections on luxury cruise ships for the first time. The jewellery brand’s first voyage will be with Fred. Olsen Cruise Lines and their Bolette ship, setting sail this week. According to Lucy Quartermaine, the collaboration will allow…
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13 AugustRetailers
Pandora reports 15% organic growth in Q2 2024
Pandora has reported a 15% increase in Q2 2024 organic growth to DKK 6.77bn (£744m), comprising Like-for-like (LFL) growth of 8%, network expansion of 6% and 1% phasing of sell-in to partners and other. The group’s operating profit (EBIT) also increased from DKK 1.18bn (£134.9m) to DKK 1.33bn (£152m). However…
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9 AugustRetailers
Michael Jones Jewellers unveils £3m refurb
Michael Jones Jewellers in Northampton has reopened its store following a £3m refurbishment. With the expansion and refit of its One Gold Street home, the company has created a luxurious new high-end destination for customers. The original showroom has been transformed into a dedicated Rolex area over two floors with…
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Jul- 2024 -12 JulyRetailers
Ntinga expands into loose gems with Ntinga Gems launch
Ntinga has expanded into the loose gems market with the launch of Ntinga Gems. Having built a reputation for crafting gemstone jewellery, Ntinga Gems will now offer a wide range of loose precious gemstones. The company’s mission is to partner with its suppliers worldwide and ensure that it can provide…
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11 JulyDesigners
Pomellato acquires Valenza setting lab
Pomellato has announced that it has acquired the Valenza setting lab, a stone setting laboratory based in Valenza. Through this acquisition, Pomellato aims both to reinforce its manufacturing capabilities, specifically in the diamond and precious stone setting sector. It also hopes that the move will support the international expansion of…
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9 JulyManufacturers
The Royal Mint appoints global head of growth for precious metals
The Royal Mint has announced that Nick Bowkett will take on the role of head of Growth for precious metals, leading its expansion into new markets globally. The Royal Mint is the UK’s home of precious metals, having worked with them for over 1,100 years. Today, it operates a “thriving”…
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8 JulyRetailers
Malabar Gold and Diamonds continues UK expansion with new Leicester site
Malabar Gold and Diamonds, the sixth largest jewellery retailer globally with a retail presence of 350 showrooms across 13 countries, has just unveiled its sixth showroom in the UK in Leicester. Located on Belgrave Road’s Golden Mile, the new showroom spans over 2,000 sq. ft. and features a collection of…
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1 JulyRetailers
Laings appoints new operations director
Luxury family-run jewellers Laings has announced the appointment of a new board member in a move designed to further strengthen its overall operations. Kat Barron has been promoted to operations director at Laings and appointed to the board following an exceptional year of investment ensuing eight years of service at…
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Jun- 2024 -13 JuneRetailers
Missoma to open first store outside London
Demi-fine jewellery brand Missoma has announced that it is set to open a new store in Leeds, its first outside London. The 2,250 sq ft store in Victoria Leeds’ will become Missoma’s second ever permanent store. The boutique store will showcase Missoma’s collection of pieces in gold and silver, forever…
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