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- 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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Jan- 2021 -15 JanuaryCurrent Affairs
Supreme Court sides with small firms in business interruption case
The Supreme Court has delivered its judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case, with the court’s ruling in the favour of small firms potentially forcing insurers to pay out £1.2bn in CBI claims. Following the judgement, thousands of policyholders will now have their claims for…
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Sep- 2020 -14 SeptemberCoronavirus
700,000 jobs at risk as end of furlough scheme draws near
Over 700,000 employees are at risk of being made redundant in the second half of 2020, research from Institute for Employment Studies (IES) has revealed. IES estimates that some 650 thousand redundancies are expected in the second half of 2020, with 445 thousand redundancies in the three months between July…
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14 SeptemberCoronavirus
Insolvent companies cost taxpayers £250m
Insolvent companies that were unable to pay their debts in the first six months of 2020 have cost British taxpayers almost £250m, according to Altus Group. The software group found that the amount paid to former members of staff was up by £133.79m in the period against the prior year,…
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Aug- 2020 -27 AugustCoronavirus
Majority of retail office workers feel unsafe returning to work after Covid-19
Only 28% of office workers in the retail, catering and leisure sector feel safe returning to work after the pandemic, despite new health and safety measures that have been put in place. This is according to new research from insurance provider Protectivity, which asked office workers around the UK how…
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17 AugustRetailers
F.Hinds to open Luton store
F.Hinds has announced the opening of its 115th store in Luton, which is set to open its doors on 22 August. According to the family-run jewellers, the new site, located in The Mall shopping centre, is set to create seven new jobs through its opening. The store will feature “sleek,…
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Jul- 2020 -27 JulyCurrent Affairs
Price of gold reaches ‘record’ high
The price of gold reached a “record high” of $1,943 (£1,513) per ounce this morning (27 July), amid increasing tensions in the US and China trade row. The price rise of 2.2% saw gold overtake its previous record that was recorded in the wake of Black Monday in September 2011.…
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