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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Feb- 2023 -16 FebruaryRetailers
F.Hinds unveils Dover store refurbishment
Family owned jeweller F.Hinds has recently refurbished its Dover branch, which first opened in 1985. The new refit features a “modernisation” of the site to match the company’s current branding, with new wall decorations, a new carpet and a new seated area for serving customers. The store provides a large…
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Oct- 2022 -17 OctoberEconomy
Chancellor reverses almost all mini-budget tax cuts
Newly appointed chancellor Jeremy Hunt has reversed almost all of the mini-budget commitments made by previous chancellor Kwasi Kwarteng last month, in a statement made at the Treasury today (17 October). He confirmed the basic rate of income tax will remain at 20% “indefinitely” until the economic situation stabilises, marking…
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6 OctoberRetailers
F.Hinds relocates to new Swindon store
F.Hinds has moved to a new and bigger unit in Swindon’s town centre, featuring “the most modern” store design in the F.Hinds portfolio and larger window displays. This has enabled the jeweller to offer increased ranges of the diamonds, jewellery, branded watches and gifts at its “biggest and best store…
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Sep- 2022 -23 SeptemberEconomy
Chancellor announces sweeping tax cuts in first mini-budget
Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as part of the new government’s first mini-budget. Setting out his aims for economic growth, Kwarteng said that he wants the economy to increase by 2.5% annually in the medium-term, through…
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Aug- 2022 -5 AugustEconomy
UK recession can be averted, claims Truss
In an interview with Sky News’s Kay Burley last night (4 August), foreign secretary Liz Truss claimed she could avert a recession if she wins the leadership contest. The claim comes after the Bank of England projected that the UK would enter a recession in this year’s fourth quarter, with…
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Apr- 2022 -19 AprilNews
TH March celebrates 135th anniversary
TH March, the UK specialist jewellery insurance broker, is celebrating its 135th anniversary with an updated brand and an enhanced offering “to meet its customers’ changing needs”. Founded in 1887 by the son of a Hatton Garden diamond merchant, the firm made its name providing specialist jewellery and watch cover…
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Mar- 2022 -31 MarchEconomy
High street footfall continues to lag behind pre-pandemic levels
Footfall levels remain 23% below pre-pandemic levels in February 2022 as rising costs are reportedly set to “batter” retailers from 1 April, according to RSM. The latest data from Datscha, analysed by RSM, shows the overall decline in footfall is the worst in London with numbers on Oxford Street down…
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24 MarchRetailers
Retail industry responds to ‘underwhelming’ Spring Statement
Both Bira and CBI have expressed disappointment in the chancellor’s Spring Statement, with Bira having declared it is “underwhelmed with the offerings for independent businesses”. In his speech yesterday, Rishi Sunak outlined a series of measures to help combat the rising cost of living in his latest spring statement, including…
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23 MarchEconomy
Spring Statement: Chancellor raises NI threshold to £12,570
The chancellor has outlined a series of measures to help combat the rising cost of living in his latest spring statement, including increasing the national insurance threshold by £3,000. Speaking in parliament today (23 March), Rishi Sunak began his speech by warning it is yet unclear what the impact of…
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15 MarchRetailers
F.Hinds launches new Chapelle store in West Midlands Designer Outlet
F.Hinds has announced the opening of its new Chapelle store in the new West Midlands Designer Outlet in Cannock, bringing Chapelle’s portfolio up to 13 stores. The store is fitted with “modern” furnishings and reportedly offers savings of at least 30% off RRP. Chapelle stocks a range of diamonds, jewellery…
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