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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Mar- 2024 -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 “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 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 £1.5m investment. The 1,300 sq. ft. Beaverbrooks store, which is the retailer’s first store to be set across two floors, features…
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16 JanuaryRetailers
Beaverbrooks’ luxury brand Loupe opens second store
Beaverbrooks’ 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 £63m amid retail and workshop investment
Laings’ has a reported a 5% increase in turnover to £63.3m for the year ended 31 May 2023. Furthermore, the retailer posted a profit before tax of £3.7m 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 Scotland’s first mono-brand TAG boutique, which opened on Glasgow’s Buchanan Street in September. The new…
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Nov- 2023 -29 NovemberRetailers
Goldsmiths reopens Birmingham showroom
Goldsmiths has announced the relaunch of its showroom in the Bullring and Grand Central in Birmingham. The showroom now spans two floors with a dual sided-corner showroom and elegant glass wrap around frontage. The showroom has dedicated branded towers all on the ground floor for FOPE, Messika, Roberto Coin, Mappin…
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28 NovemberNews
Beaverbrooks opens new store and watch boutique
Family-owned national diamond, jewellery and watch retailer, Beaverbrooks, has made its biggest investment of the year with a relocated Newcastle store and the introduction of a luxury watch boutique. Following investment of £1.4m, the retailer unveiled its refitted, upscaled new store location on Hotspur Way in Eldon Square Shopping Centre…
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22 NovemberEconomy
Chancellor cuts National Insurance to 10% alongside NLW rise
Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn Budget including slashing National Insurance by 2% and freezing business rates for retail and hospitality. As part of the new measures, Hunt revealed that National Insurance will be cut from…
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17 NovemberManufacturers
Petra Diamonds chair steps down
Petra Diamonds has announced that chairman Peter Hill, CBE, has stepped down from his role following the conclusion of its annual general meeting. Following his departure, the board has appointed Varda Shine, senior independent director, as chair of Petra. Shine will lead a search for a permanent chair and also…
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