Insurance
Insurance is a critical consideration for the UK jewellery trade, covering everything from stock and premises protection to customer policies for high-value purchases. For retailers, manufacturers, and wholesalers, navigating insurance options and understanding risk management is essential to safeguard business operations and maintain consumer trust.
Jewellery Focus delivers comprehensive coverage on insurance matters affecting the industry, including regulatory updates, market trends in jewellery-specific policies, and insights from providers serving the trade. We also report on best practices and innovations helping businesses mitigate risk in a rapidly evolving market.
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Mar- 2025 -14 MarchRetailers
Boodles partners with Stanhope Insurance
Boodles has partnered with Stanhope Insurance to offer customers 14 days of complimentary worldwide insurance coverage on jewellery purchases made in-store or online. Under this partnership, Boodles customers will now get instant protection on jewellery purchases of up to ยฃ500,000, covering loss, theft, accidental damage, and fire anywhere in the…
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Jan- 2025 -14 JanuaryNews
Ramsdens sees profits and revenues surge in FY24
Ramsdens has reported a profit before tax of ยฃ11.4m, up 12%, and revenues of ยฃ95.6m, up 14%, for the year ended 30 September 2024. The group stated that record profit was driven by growth across all four key income streams. Its gross profit also increased 13% from ยฃ45.8m to ยฃ51.5m.…
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7 JanuaryEconomy
BRC warns of 2025 falling sales volume despite December sales growth
The British Retail Consortium (BRC) has warned of possible falling sales volume in 2025 despite the modest increase in total retail sales experienced in December 2024. UK total retail sales in December 2024 increased by 3.2% year on year, against a growth of 1.9% in December 2023, according to new…
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Oct- 2024 -30 OctoberNews
Budget: Increases to employersโ NI and minimum wage
The Chancellor Rachel Reeves has increased Employersโ National Insurance contributions in a bid to help raise as much as ยฃ40bn in taxes, pledging to also boost long-term growth and โmark an end to short term-ismโ as part of Labourโs first budget since it came into power. Employersโ National Insurance contributions…
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Jun- 2024 -7 JuneNews
TH March partners with Lockton
UK jewellery specialist broker TH March has announced its partnership with Lockton Companies LLP. The partnership represents a โshared commitment to delivering best-in-class service and value to clientsโ. Established in 1887, TH March boasts a long history and has grown to become a โmarket leaderโ in its chosen classes, โsolidifying…
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Mar- 2024 -6 MarchNews
Chancellor cuts NI by a further 2p as part of Spring Budget
Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for โlong-term growthโ. The reduction in National Insurance is expected to save the average worker ยฃ450 a year, or ยฃ350 for those who are…
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Nov- 2023 -22 NovemberEconomy
Chancellor cuts National Insurance to 10% alongside NLW rise
Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn Budget including slashing National Insurance by 2% and freezing business rates for retail and hospitality. As part of the new measures, Hunt revealed that National Insurance will be cut from…
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6 NovemberNews
Juno launches 14 daysโ free jewellery insurance policy
Juno Jewellery Insurance has launched a new initiative for jewellery retailers. which could help provide instant insurance protection from the moment customers leave the shop or receive an item at home. Everyone knows that insurance for valuable items is important, and never more so than in the initial period following…
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Aug- 2023 -2 AugustRetailers
F.Hinds unveils Bracknell store refit
Family owned and run jeweller, F.Hinds, has recently refurbished its Bracknell branch at The Lexicon. F.Hinds first opened its doors in Bracknell nine years ago, in 2014. The new Bracknell F.Hinds store, which has around seven staff features modernisation to match the current F.Hinds branding, new wall decoration, flooring, and…
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Jun- 2023 -28 JuneRetailers
F.Hinds unveils refurbished Cribbs Causeway store
Family-owned and run jeweller, F.Hinds, has recently refurbished its Cribbs Causeway branch at The Mall. F.Hinds first opened its doors Cribbs Causeway 25 years ago, in 1856. The new Cribbs Causeway F.Hinds store refit features modernisation to match the current F.Hinds branding, new wall decoration, flooring, and a new seated…
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