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- 2020 -24 AprilBusiness Bites
Retail landlords reined in, France gets touch on tax havens, and insurers face biggest ever payouts
The government has banned landlords from using winding-up orders against their retail tenants, after aggressive rent collection tactics which threaten the future of retail businesses came to light. Tens of thousands of businesses in both retail and hospitality have found themselves unable to keep up with their rent during the…
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17 AprilNews
Former NAJ CEO Michael Hoare passes away
The National Association of Jewellers (NAJ) has announced that the former chief executive of the association, Michael Hoare, has died. President of the NAJ, David Doyle, delivered the news โwith a heavy heartโ and said that Hoare was known to many from serving in the NAJ (formerly the National Association…
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Mar- 2020 -27 MarchAdvice
What we know about furlough leave and the CJRS
HMRC published details of the Coronavirus Job Retention Scheme (CJRS) on 26.3.20 which are available here: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme Key points include: Employees that employers can claim CJRS for For the purposes of CJRS, the definition of employee would include workers and agency workers provided they are subject to PAYE i.e. this…
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26 MarchCoronavirus
Self-employed to get 80% income grant
Chancellor Rishi Sunak has announced the government will pay self-employed people a taxable grant based on their previous earnings over the last three years, worth up to 80% of earnings, and capped at ยฃ2,500 a month. Sunak said it will run for a minimum of three months, with scope for…
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24 MarchAdvice
Coronavirus Job Retention Scheme – Advice for employers
The Job Retention Scheme is a huge incentive for companies to keepย employeesย on payroll. To access the support companies need to classifyย employeesย as a furloughed worker, which means they should not undertake any work for the company while furloughed, including answering calls or emails. In exchange employers can claim a grant of…
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17 MarchEconomy
NAJ asks for โurgent actionโ amid Covid-19 crisis
The UK jewellery industry has urged the government to take โurgent actionโ as the coronavirus crisis unfolds. The National Association of Jewellers (NAJ) has today sent an open letter to PM Boris Johnson calling for โfurther clarity and supportโ on key issues that may affect the industry amid the outbreak.ย …
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11 MarchBusiness Bites
ROUNDUP: Business rates holiday announced by chancellor Sunak
In his maiden budget, the new chancellor, Rishi Sunak, has announced a ยฃ30bn fiscal stimulus package to help combat the impact of coronavirus on the British economy including a one-year total suspension of business rates for small retail, leisure and hospitality businesses. Headline measures include: A ยฃ12bn plan to provide…
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Feb- 2020 -25 FebruaryBusiness Bites
Chlorinated chicken ainโt the way
The European Union will insist that the UK retains the current ban on chlorinated chicken as part of any free trade agreement that might be struck by the end of this year. It taps into one of the most symbolic arguments made during the last three years by those who…
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24 FebruaryBusiness Bites
Global stocks react badly to coronavirus update
It looks like efforts to contain the coronavirus outbreak have not been entirely successful, and stock markets around the world are now beginning to react more profoundly than before. The FTSE 100 was down almost 3.3% at the time of writing, from 7,403 points to 7,159. For those not familiar…
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19 FebruaryTips
3 Key Factors to Consider When Choosing Diamond Jewellery
Thereโs nothing more precious than investing in a piece of diamond jewellery. Wearing one during a special occasion gives you utter class, elegance, and sophistication. You can also add it up to your precious metal collection as a good investment.ย Most diamonds come with a certificate or appraisal of authenticity.…
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