Financial Results
Financial results—encompassing half-year and full-year reports, profit and loss summaries, and revenue forecasts—offer crucial insight into the economic health of jewellery businesses across the UK. These disclosures shape investor sentiment, inform supplier negotiations, and guide strategic planning across retail, wholesale, manufacturing, and brand operations. Jewellery Focus delivers precise, trade-oriented coverage of financial results: analysing sales performance, margin trends, cost drivers, debt levels, and sectional growth (e‑commerce vs. store operations). We highlight implications for pricing strategies, expansion potential, and supply-chain resilience across varied business models—from heritage brands and high-street chains to independent jewellers and emerging labels. Our reporting informs commercial decisions with financial clarity and comparative benchmarks.
-
Mar- 2024 -27 MarchManufacturers
Gemfields reports second highest ever revenues despite 23% decline
Gemfields has reported a 23% decline in revenues to $262m (£207m) for the year ending 31 December 2023. The company attributed this to fewer carats sold in the year and in part to the cancellation of a higher-quality emerald auction that was scheduled for November 2023. Despite this, the group…
Read More » -
Sep- 2023 -18 SeptemberRetailers
Beaverbrooks reports ‘record’ turnover of £225m
National family-owned jewellery, diamond and watch retailer, Beaverbrooks, has announced “record” turnover of £225m in its latest accounts (March 2022 to February 2023), an increase of 11.4% on the previous year. Its operating profit also amounted to £25.7m. Beaverbrooks said that despite the effects of the cost-of-living crisis and uncertain…
Read More » -
Sep- 2022 -13 SeptemberManufacturers
Petra Diamonds FY22 revenues jump 44% to $585m
Petra Diamonds has announced its revenues grew 44% year-on-year from $406.9m (£347.5m) to $585m (£499.6m) for the year ended 30 June 2022 (FY22). This comprises revenues from rough diamond sales of $584.1m (£498.8m) and additional revenues from profit share agreements on partnership stones of $1.1m (£939k). The increase in revenues…
Read More » -
Jul- 2022 -27 JulyRetailers
Beaverbrooks profits surge 117% to £35.3m
Beaverbrooks has announced “record breaking” sales as its group operating profit surged 117% year-on-year from £16.3m to £35.3m in FY22, with turnover rising 64.4% year-on-year and 41.3% compared to its most profitable centenary year in 2019-2020. The family-owned national jewellery and watch retailer also saw a gross profit margin of…
Read More » -
Feb- 2021 -26 FebruaryInternational
Anglo-American reports 27% decline in revenues
Anglo-American has reported a 27% decline in revenues in its preliminary financial results for 2020. The rough diamond mining company saw revenue drop from $4.6bn (£3.3bn) in 2019 to $3.4bn (£2.4bn) last year. Furthermore, Anglo-American’s sales fell by 30% over the same period, dropping to $2.8bn (£2bn), as the company…
Read More » -
Jan- 2021 -4 JanuaryRetailers
Pandora FY results to exceed previous guidance
Pandora has revealed it expects its financial results for 2020 to exceed the high end guidance range of “-14% to -17%”. The luxury jewellery brand began 2020’s Q4 with “positive” organic growth in October and November, with December being impacted by the phasing of revenue. On average, more than 10%…
Read More » -
Sep- 2020 -2 SeptemberCoronavirus
Tiffany sales begin to recover
Tiffany and Co has reported its financial results for the three months and half-year ended July 31, 2020. The group began to return to profitability during the second quarter of 2020 following “meaningful sequential improvements” in monthly worldwide net sales from May to July. In light of this, worldwide net…
Read More » -
Apr- 2020 -29 AprilBusiness Bites
The aviation industry is now in very serious trouble
In a sign of just how distressed the aviation industry is, British Airways has announced plans to lay off 30% of its workforce, or about 12,000 employees, and says it expects it to take several years before passenger volumes return to 2019 levels. The chief executive, Alex Cruz, wrote to…
Read More » -
Feb- 2020 -20 FebruaryBusiness Bites
Boeing’s tanks fuel new concerns, house prices on the up, Lloyds in the doldrums, hazardous chemicals a pest in poorer countries
Boeing’s faulty plane woes have worsened after ‘foreign object debris’ (FOD) was found in the fuel tanks of two ground 737 Max aircraft – that’s the model that has had two fatal crashes and become the subject of Congressional investigation in the United States. The manufacturer had to ground the…
Read More » -
18 FebruaryBusiness Bites
HSBC to cut 35,000 jobs, new chancellor sticks to schedule, Bezos creates $10bn ‘Earth fund’
HSBC has announced plans to cut 35,000 jobs over the next three years after a dire set of financial results. Profits have fallen by 33% year on year and that is before the impact of the coronavirus can even be fully measured in Q1 and the months to come. The…
Read More »
