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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Apr- 2025 -29 AprilNews
TH March Insurance Brokers transitions to an employee ownership trust
TH March Insurance Brokers, a specialist broker for the jewellery and allied trades has announced that it has transitioned to an Employee Ownership Trust (EOT). Under the new EOT structure, the company will continue to operate with the same leadership team, ensuring a seamless transition with no disruption to its…
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15 AprilRetailers
UK sales increase 1.1% in March thanks to good weather boost
UK Total retail sales increased by 1.1% year on year in March, against a growth of 3.5% in March 2024, with gardening and DIY sales being boosted by good weather. New data from the BRC and KPMG revealed that the increase was below the 3-month average growth of 1.6% and…
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Mar- 2025 -26 MarchEconomy
Chancellor resists calls for business relief in Spring Statement
Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part of her Spring Statement today (26 March). UK businesses had been hopeful the chancellor would raise the relief rate for retail, hospitality, and leisure after cutting it to 40% in…
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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 £500,000, 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 £11.4m, up 12%, and revenues of £95.6m, 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 £45.8m to £51.5m.…
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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 employers’ NI and minimum wage
The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ 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 “shared commitment to delivering best-in-class service and value to clients”. Established in 1887, TH March boasts a long history and has grown to become a “market leader” in its chosen classes, “solidifying…
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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 “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 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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