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 trendsโwhether in precious metals, gemstones, or brand developmentโis 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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Apr- 2022 -14 AprilRetailers
Laings unveils plans for new ยฃ5m 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 jewellerโs new UK flagship location. A planning application submitted to Glasgow City Council highlighted Laingsโ 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 ยฃ11.62bn
The LVMH Group has recorded a 29% year-on-year surge in revenues from โฌ13.95bn (ยฃ11.62bn) to โฌ18bn (ยฃ14.99bn) 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 โunderwhelmingโ Spring Statement
Both Bira and CBI have expressed disappointment in the chancellorโs Spring Statement, with Bira having declared it is โunderwhelmed with the offerings for independent businessesโ. 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 โadvancedโ diamond recovery vessel
The worldโs 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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Feb- 2022 -17 FebruaryRetailers
Jewellery sales to increase 34.2% predicts John Pye
With a competitive UK market, jewellery sales nationwide are expected to increase by 34.2 % in 2022, according to auctioneering company John Pye. The purchasing of jewellery has gone up during the gifting season, with two-thirds of people in the UK have bought jewellery for themselves or for someone else…
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10 FebruaryAppointments
Petra Diamonds appoints independent non-executive director
Petra Diamonds Limited has appointed Jon Dudas as an independent non-executive director of the company, effective 1 March 2022. Dudas is currently chairman of Samruk-Kazyna, Kazakhstanโs sovereign wealth fund, which he joined in 2020. Prior to this, he was an independent non-executive director and chairman of the National Atomic Company…
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8 FebruaryManufacturers
Alrosa boosts its sales performance
Alrosa has announced its project to boost its sales divisionโs performance has resulted in the company reducing the amount of diamonds in the work-in-progress inventory by 4.3 million carats by the end of 2021, freeing up rough diamonds valued at over $300m (ยฃ221.37m) for sale. Alrosa said the project to…
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7 FebruaryEconomy
Consumer confidence falls for second consecutive quarter
The Deloitte Consumer Tracker has revealed UK consumer confidence fell by one percentage point in Q4 2021 to -11%, the second consecutive quarter of decline. Deloitte said the result comes after consumers started to feel the โsqueeze of inflationโ and pockets were hit with higher household bills. Personal expenditure in…
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Jan- 2022 -26 JanuaryRetailers
โโLaings unveils first mono-brand showroom in Cardiff
Laings has announced plans to open a new 838sq ft mono-brand Omega showroom at St Davidโs Cardiff. As Laingsโ first mono-brand showroom, this is the latest investment for the family business as it continues to build on its legacy as a leading destination for luxury jewellery. The company has said…
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26 JanuaryRetailers
Howells Jewellers completes refurb with six-figure loan
Howells Jewellers has completed its refurbishment after fourth generation jeweller, Paul Howells, obtained a six-figure loan to invest in his 155-year-old family business. The renovation is said to bring the retail outlet โback to lifeโ and it has safeguarded four jobs in the market town of Haverfordwest. Established in 1866…
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