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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Dec- 2020 -15 DecemberNews
Betts Group adopts SMO gold manufacturing
Betts Group has marked its 260th anniversary by announcing the use of responsibly sourced gold in all of its manufactured gold products. The group has revealed that it will now be using โSingle Mine Originโ (SMO) gold to manufacture all of its gold products. The company first began offering SMO…
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2 DecemberNews
Betts Metal Sales to reopen jewellery counter
Betts Metal Sales has announced the reopening of its Birmingham jewellery quarter trade counter for business. The family-run firm has announced that its premises in Spencer Street will be open to the public, following the latest national coronavirus lockdown. Despite the current Tier 3 restrictions in Birmingham, the Betts Metal…
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Nov- 2020 -27 NovemberNews
Tiffany and Co Q3 performance beats expectations
Tiffany and Co has managed to beat expectations by reporting a net sales decrease of only 1% to $1.008bn (ยฃ756m) compared with $1.014bn (ยฃ760m) last year in its third quarter financial statement ending 31 October 2020. The jeweller said the decrease was attributed to cost management schemes and the ongoing…
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13 NovemberAuctions
Largest purple-pink diamond sells for record price
Sothebyโs Geneva has announced the sale of a 14.83-carat pink diamond for $26m (ยฃ19.7m), a record price for a sale of its kind at an auction. Named the Spirit of the Rose after a 20th Century Russian ballet, it is the largest purple-pink diamond to ever appear at auction, and…
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Oct- 2020 -1 OctoberFeatures
The new ‘conscious consumer’ and how brands can impress them
Locking down the world for months was bound to leave a lasting legacy on society. One of the most positive outcomes is the increased awareness of our impact on the environment. Carbon emissions fell drastically, the water in Venice ran clear and wild animals began to roam in locked-down cities[1].…
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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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10 SeptemberCurrent Affairs
Government launches new โbounce backโ plan for retailers
A new series of measures has been announced by the UK Government to support businesses in the consumer and retail industries during the Covid-19 pandemic.ย The plans, announced by Minister for exports Graham Stuart, will offer immediate support to businesses by ensuring specialists provide advice on online retail and international…
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4 SeptemberRetailers
Signet Jewellers swings to loss in Q2
Signet Jewellers, the parent company of H.Samuel and Ernest Jones, swung to a loss of $81.7m (ยฃ62m) in its second quarter of trading, down from a loss of $36.1 (ยฃ27.4m) the year before.ย Total sales also fell by 34.9% to $888m (ยฃ623m) in the quarter ended August 1, 2020. Meanwhile,…
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Aug- 2020 -24 AugustEconomy
Record economic growth anticipated for Q3
The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp declines in GDP at the peak of the Covid-19 pandemic in Q2. According to the Financial Times (FT), City of London economists have predicted a 14.3% rise in GDP for…
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7 AugustRetailers
Usdaw warns business rates increase could risk more jobs
Retail trade union Usdaw has expressed โmajor concernsโ over reports that the government is considering increasing business rates for premises with a rateable value over ยฃ51,000. The news comes as reports suggest Rishi Sunak is considering increasing business rates in an effort to boost the UK economy. Instead, Usdaw is…
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