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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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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Feb- 2022 -18 FebruaryRetailers
Retail sales up 1.9% in January 2022
Retail sales volumes rose by 1.9% in January 2022 following a fall of 4.0% in December 2021, according to the latest figures from the Office for National Statistics. It also revealed sales volumes were 3.6% above their pre-coronavirus (Covid-19) February 2020 levels. Non-food stores sales rose by 3.4% as home…
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Jul- 2021 -29 JulyInternational
Alrosa commits £155m to ESG initiatives in 2020
Alrosa, the global diamond company, has revealed its social and environmental investments totalled $216m (£155m) in 2020. The investment represents approximately 8% of the group’s total revenue for the year, and consisted mainly of social commitments. Some $141m (£101m) was contributed towards pension funds under non-state insurance programmes for employees,…
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Jun- 2021 -23 JuneProduct Launches
TH March launches ‘vision, mission and values’ initiatives
TH March, a firm of specialist jewellery insurance brokers, has released its ‘vision, mission and values’ initiatives ahead of its 135th anniversary year. A part of the group’s wider ten-year strategy, the document comes amid TH March’s “public promise” to uphold the highest standards for its customers. The ‘vision, mission…
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Feb- 2021 -10 FebruaryFeatures
David Berkley QC: Interruption and insurance in the age of Covid
As we emerge from one of the most tumultuous periods in living memory, it perhaps comes as little surprise that insurance has been thrust into the spotlight. The unprecedented impact of the pandemic has brought a renewed focus to the issue of business security and, more specifically, business interruption coverage. …
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