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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May- 2024 -16 MayAppointments
Richard Reid becomes 679th prime warden of The Goldsmithsโ Company
The Goldsmithsโ Company has announced that Richard Reid has taken office as prime warden, in succession to Charles Mackworth-Young CVO.ย Former chairman of KPMG London and the Safer London Foundation, Reid’ chose to take a vocational approach to professional development rather than attend university. He undertook training to become an…
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Apr- 2024 -26 AprilRetailers
Laings launches new Rolex showroom in Southampton
Laings has announced that it has opened a new Rolex showroom in its new Southampton store. The showroom will also introduce a Rolex-trained watchmaker in the coming months who will be equipped to offer a comprehensive range of services. This is a unique concept to the Laings UK estate, further…
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Mar- 2024 -27 MarchManufacturers
Gemfields reports second highest ever revenues despite 23% decline
Gemfields has reported a 23% decline in revenues to $262m (ยฃ207m) for the year ending 31 December 2023. The company attributed this to fewer carats sold in the year and in part to the cancellation of a higher-quality emerald auction that was scheduled for November 2023. Despite this, the group…
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12 MarchRetailers
Laings opens new watch service centre in Glasgow
UK-based luxury family jeweller Laings has launched a new watch service centre in Glasgow following its ยฃ5m investment programme. The new centre, which is the first of its kind in Scotland, has been delivered through a ยฃ1.1m outlay. It comes as part of a wider ยฃ5m programme of works by…
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6 MarchNews
Chancellor cuts NI by a further 2p as part of Spring Budget
Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for โlong-term growthโ. The reduction in National Insurance is expected to save the average worker ยฃ450 a year, or ยฃ350 for those who are…
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Feb- 2024 -7 FebruaryEconomy
Retail sales slow as high cost of living enters third year
UK total retail sales increased by 1.2% year on year for the four weeks ended 27 January 2023, compared with a growth of 4.2% in January 2023, according to data from the British Retail Consortium (BRC). This was above the three-month average growth of 1.9% and below the 12-month average…
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Jan- 2024 -18 JanuaryRetailers
Beaverbrooks unveils refurbished Leeds store
Family-owned national diamond, jewellery and watch retailer, Beaverbrooks, has unveiled its refurbished Leeds store located on Commercial Street in addition to its newly expanded Tag Heuer boutique, following a ยฃ1.5m investment. The 1,300 sq. ft. Beaverbrooks store, which is the retailerโs first store to be set across two floors, features…
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16 JanuaryRetailers
Beaverbrooksโ luxury brand Loupe opens second store
Beaverbrooksโ fine jewellery and watch brand Loupe has launched its second boutique in Croydon London, which opened on Friday 12 January 2024. Loupe is a thoughtfully curated concept by Beaverbrooks, the 105-year-old family-owned jewellers with 87 stores nationwide. A project over five years in the making, with a total investment…
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2 JanuaryRetailers
Laings turnover hits ยฃ63m amid retail and workshop investment
Laingsโ has a reported a 5% increase in turnover to ยฃ63.3m for the year ended 31 May 2023. Furthermore, the retailer posted a profit before tax of ยฃ3.7m for the period which it stated will be reinvested back into the business. The positive financials come following a programme of investment…
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Dec- 2023 -6 DecemberRetailers
Laings to open new Tag Heuer showroom
Laings has announced plans to open a second Tag Heuer showroom situated in the prime luxury retail location of Multrees Walk in Edinburgh. The new store, opening in Spring 2024, follows the successful launch of Scotlandโs first mono-brand TAG boutique, which opened on Glasgowโs Buchanan Street in September. The new…
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