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- 2023 -17 AugustRetailers
Pandora raises full-year revenue guidance as sales jump 5%
Pandora has delivered “robust” results in Q2 2023 as it saw its sales jump 5% and total revenue increase to DKK 5,894m (£675.35m). As a result, the retail jeweller has now updated its organic growth guidance range to +2% to +5%, which was previously -2% to +3%. LFL growth in…
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16 AugustTrade Organisations
Scottish jewellery school secures £45k loan for expansion
Scottish independent jewellery school Vanilla Ink CIC has received a £45,000 loan from Social Investment Scotland. As a result the company has added a new studio space at its Brook Street Studios which has increased its capacity. It now has dedicated teaching space for its 10-month INKubator Programme, as well…
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15 AugustRetailers
Pandora launches three new lab-grown diamond collections
Pandora has announced the expansion of its lab-grown diamonds assortment with the launch of three new collections. The new collections include Pandora Nova, Pandora Era and Pandora Talisman. Pandora Nova features round brilliant or princess cut stones and introduces a proprietary four-prong setting that reveals more of the diamond. Pandora…
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10 AugustDesigners
Serge DeNimes sales up 20% to £2.4m
Male jewellery brand Serge DeNimes has seen its sales jump 20% to £2.4m in 2022, up from £2m in 2021. The company attributed this increase in sales to its successful launch in the USA and its new Seven Wonders collection. The company staged a successful pop-up in New York two…
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1 AugustManufacturers
De Beers sees revenues drop to $2.8bn in H1
De Beers has revealed that its total revenue decreased to $2.8bn (£2.19bn), with rough diamond sales decreasing to $2.5bn (£1.96bn), during the first half of the year. It said that the high levels of polished diamond inventory in the midstream coming into 2023, as well as the ongoing macroeconomic headwinds,…
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Jul- 2023 -12 JulyAppointments
Gabriel and Co. appoints new vice president
Fine jewellery leader, Gabriel and Co has announced that Elda Fistani has joined the team as vice president – Retail. In her new role, Fistani will be responsible for growing retail partnerships within the US, Canada as well as internationally, driving revenue growth strategies, overseeing sales, and leading the company’s…
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11 JulyRetailers
Laings starts recruitment drive for relocated showroom
Independent jewellers Laings has announced that it is launching a recruitment drive ahead of the opening of its relocated showroom in Southampton. The retailer is looking for at least 10 talented individuals to join the team at the new 9,000 sq ft showroom. The new recruits will join a wider…
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6 JulyDesigners
Astrid and Miyu to open three new stores amid period of strong growth
Jewellery brand Astrid and Miyu plans for three stores to open in the UK and US across Q2 and Q3, following a year of growth and seven store openings. The openings also come after Astrid and Miyu expanded into international territories opening its first store in the US in New…
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Jun- 2023 -19 JuneRetailers
Anne Sisteron achieves Butterfly Mark
Fine jewellery brand Anne Sisteron has achieved the Positive Luxury Butterfly Mark. To achieve the Butterfly Mark, companies must achieve a minimum of 50% in each area of ESG assessment. Anne Sisteron achieved 67% in environment, 57% in social and in governance. Sustainability, charitability and the championing of women are…
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2 JuneRetailers
Laings jewellers opens new Tag Heuer boutique
Family-owned luxury jewellers, Laings, has announced the opening of a new Tag Heuer boutique on Glasgow’s Buchanan Street. The news comes after Laings announced that it is investing £5m in a new flagship store in Rowan House on Glasgow’s Buchanan Street. The new store, which will open later this year,…
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