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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Jan- 2025 -24 JanuaryRetailers
Pragnell profits and revenues surge in FY24
Stratford-Upon-Avon based luxury jeweller Pragnell has seen its profit-before-tax increase from £8.75m to £9.27m and its revenues rise 14% to £94.39m for the year ended 31 March 2024. Its operating profit also was also up from £8.90m to £8.96m and gross profit margin of the company and group during 2024…
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13 JanuaryRetailers
Chisholm Hunter profits plummet to £2.63m
Chisholm Hunter has revealed that its profit before tax dropped from £5.35m to £2.63m for the year ended 31 March 2024. The group’s turnover also slightly dipped from £57.91m to £57.884m in the face of a competitive marketplace. Its gross profit also fell from £10.38m to £9.95m. However, looking ahead,…
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7 JanuaryEconomy
BRC warns of 2025 falling sales volume despite December sales growth
The British Retail Consortium (BRC) has warned of possible falling sales volume in 2025 despite the modest increase in total retail sales experienced in December 2024. UK total retail sales in December 2024 increased by 3.2% year on year, against a growth of 1.9% in December 2023, according to new…
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6 JanuaryRetailers
Baker Brothers unveils new store in Bedford
Family-run, independent luxury jewellery and watch retailer Baker Brothers has unveiled its new two-floor boutique in Bedford. The new store is a relocation and major expansion of its previous site, just a few doors away. Directors – and sisters- Lizzie and Rebecca McAuley, were instrumental in the vision for the…
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Dec- 2024 -9 DecemberNews
De Beers’ Element Six partners with Lightsynq
Element Six, the synthetic diamond company and part of the De Beers Group, announced an investment in new quantum interconnect startup Lightsynq. The investment in Lightsynq, which was founded by Harvard PhDs and former research leads at the AWS Center for Quantum Networking, will help the company build faster and…
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Nov- 2024 -29 NovemberTrade Organisations
UKJSAC advises on government’s Industrial Strategy Consultation
The UK Jewellery, Silverware, and Allied Crafts (UKJSAC) Roundtable has shared its insights with the Department for Business and Trade as part of the government’s consultation on its Industrial Strategy Green Paper, unveiled in September. This submission highlighted the jewellery sector’s vital role in driving both economic growth and social…
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15 NovemberRetailers
Alexandre Arnault exits Tiffany and Co in latest LVMH reshuffle
Alexandre Arnault, executive vice president of Product, Communications and Industrial at Tiffany and Co has stepped down from his role following the latest LVMH leadership reshuffle. Arnault has now been appointed as deputy CEO of the group’s Wines and Spirits division. He began his career in the United States, first…
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12 NovemberNews
Colpo & Zilio announces high demand for platinum jewellery
Colpo & Zilio Spa (www.colpoezilio.com) announces a significant increase in demand for its platinum jewelry collection. Platinum, known for its exclusivity and the complexity of its craftsmanship, ensures unparalleled durability and aesthetic appeal. This precious metal, with a naturally white luster that doesn’t tarnish or fade, offers an excellent setting…
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5 NovemberDesigners
Beaverbrooks invests £2m in Braehead location
Beaverbrooks has unveiled a £2m refurbishment for its Braehead store which has increased two and a half times in size. Set across 5,008 sq. ft. – upscaled from 1,963 sq. ft. – Beaverbrooks Braehead features dedicated shop-in-shop spaces for OMEGA, Breitling, and TAG Heuer, as well as TUDOR, which is…
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1 NovemberEconomy
Footfall declines 1.1% in October
Footfall in the UK fell 1.1% in October compared with the previous year, according to data from the BRC. Alongside this, footfall fell compared with a 3.3% increase in September. High Street footfall decreased by 3.6% in October, down from a 0.9% increase in September. Also, shopping centre footfall fell…
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