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- 2024 -30 SeptemberRetailers
Jamieson and Carry unveils new showroom
Jamieson and Carry has announced the opening of its new showroom on Union Street in Aberdeen. The new store, which has more than doubled in size, includes a brand-new Rolex showroom, an expanded new Patek Philippe area and the first TudorWatch ‘shop in shop’ in Aberdeen It also comes with…
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30 SeptemberRetailers
Ksenia Mirella Jewellery appoints new CEO
Ksenia Mirella, founder of the eponymous jewellery brand in the UK, has appointed Peter Ungar as chief executive officer. Ungar joins Ksenia Mirella from Messika where he worked as a brand manager. He is also the owner of Peter Ungar Jewellery in Marlow. Ungar’s appointment follows Ksenia Mirella’s partnership with…
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10 SeptemberRetailers
Beaverbrooks invests £1.6m in Bracknell store refurb
Family-owned national diamond, jewellery and watch retailer Beaverbrooks has made a £1.6m investment in the complete refurbishment and expansion of its Bracknell store, doubling its size and elevating it as a destination for luxury and Swiss watches. Following the investment, the newly refitted store, located on The Avenue, reopened on…
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6 SeptemberRetailers
Lily Arkwright opens new Glasgow showroom
Ethical jeweller Lily Arkwright has announced the opening of its first Scottish showroom in Glasgow. Specialising in sustainable lab-grown stones, the company offers a lab grown, conflict-free and environmentally conscious diamonds. The new Glasgow showroom brings Lily Arkwright’s collection of lab-grown diamonds, moissanite, and ethically sourced coloured gemstones to a…
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2 SeptemberManufacturers
De Beers prepares for next phase of G7 diamond import requirements
De Beers Group has confirmed that it is fully prepared to meet the requirements that now extend to diamonds of 0.5 carats and above, following the expansion of G7 import restrictions on Russian diamonds on 1 September 2024. De Beers’ proprietary Best Practice Principles and Pipeline Integrity standards have long…
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Aug- 2024 -28 AugustE-Commerce
Ebay UK expands Authenticity Guarantee to pearl jewellery
Ebay UK has expanded its Authenticity Guarantee service to pearl jewellery in collaboration with GIA, the Gemological Institute of America. The news comes as the marketplace saw a 30% increase in gemstone sales in the first six months of 2024. New and pre-loved pearl pieces sold for £500 and over…
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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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