Investment
Investment is a crucial theme in the jewellery trade, influencing business growth, supply chain resilience, and consumer demand for high-value pieces. For UK jewellers, manufacturers, and distributors, understanding investment trends—whether in precious metals, gemstones, or brand development—is essential. Jewellery Focus offers in-depth coverage of financial developments across the sector, including company funding, acquisitions, market analysis, and insights into consumer behaviour around jewellery as an investment asset. Our reporting supports professionals seeking to navigate the financial dynamics shaping the industry.
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Jun- 2022 -14 JuneFeatures
Laings: what’s next?
What is your history in the industry? I have been in the industry for over 27 years, having held various roles across the sector and within Laings itself – from shop floor to operations management. My career in the jewellery and watch sector started in 1995 with Ernest Jones, before…
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14 JuneRetailers
LVMH invests in laboratory-grown diamond producer
LVMH Luxury Ventures has joined other investors in completing an investment round of $90m (£74.3m) in LUSIX, a producer of lab-grown diamonds (LGD), with other investors including Ragnar Crossover Fund and More Investments. LUSIX will use this investment to fuel its growth initiatives, such as the expansion of its production…
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7 JuneAppointments
Birmingham Assay Office elects new Guardians
The Birmingham Assay Office has announced the election of four new Guardians of the Standard of Wrought Plate. They are Carla Goodfellow, Petro Nicolaides, Rachel Eade and Charles Barwell. The role of ‘Guardian of the Standard of Wrought Plate in Birmingham’ was defined within the 1773 Act of Parliament that…
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May- 2022 -5 MayDesigners
De Beers partners with Tracr blockchain platform
De Beers Group has announced it is deploying the Tracr blockchain platform at scale for its diamond production. The group said the introduction of Tracr at scale “delivers immutable information on the source of De Beers’ diamonds across the value chain and makes source assurance for 100% of De Beers’…
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Apr- 2022 -29 AprilRetailers
Goldsmiths’ Centre launches online skills course
The Goldsmiths’ Centre has launched its first self-paced online skills course for the jewellery industry, aiming to “guide learners on how to produce high-quality videos simply using the smartphones in their pockets”. The first course, which shows how to produce “high-quality” videos on your smartphone using iDEC, has been developed…
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20 AprilManufacturers
Petra Diamonds Q3 revenues hit £107.66m
Petra Diamonds Limited has announced its revenues grew by 33% year-on-year in the three months ending 31 March 2022 (Q3), from $106m (£811.71m) to $140.6m (£107.66m). Additionally, revenues increased 43% year-on-year in the nine months to 31 March 2022 (YTD) from $284.2m (£217.63m) to $405.4m (£310.44m). Petra said the growth…
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14 AprilRetailers
Laings unveils plans for new £5m Glasgow flagship
Laings has signed a 15-year lease to take over a landmark B-listed building in Scotland, which is set to become the family-run jeweller’s new UK flagship location. A planning application submitted to Glasgow City Council highlighted Laings’ proposal to revitalise Rowan House, a 19th century retail and office development on…
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13 AprilRetailers
LVMH Q1 revenues surge 29% to £11.62bn
The LVMH Group has recorded a 29% year-on-year surge in revenues from €13.95bn (£11.62bn) to €18bn (£14.99bn) in the first quarter of 2022 (Q1 FY22), and a 23% rise in organic revenue. LVMH said this was achieved against a backdrop of continued disruption from the health crisis and marked by…
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Mar- 2022 -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
De Beers unveils ‘advanced’ diamond recovery vessel
The world’s most advanced diamond recovery vessel, the Benguela Gem, has today been officially unveiled in Namibia at an inauguration ceremony attended by President Hage Geingob, Minister of Mines and Energy, Tom Alweendo and De Beers Group CEO, Bruce Cleaver. The vessel will commence operations from next week, well ahead…
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