Pandemic
The pandemic has had a lasting impact on the UK jewellery trade, reshaping consumer habits, supply chains, and retail strategies. For jewellers, manufacturers, and suppliers, understanding these changes is essential to adapting and building resilience. Jewellery Focus provides in-depth coverage of the pandemicโs effects on the industry, including market analysis, business recovery strategies, e-commerce growth, and insights into shifting demand patterns. Our reporting helps trade professionals navigate the ongoing challenges and opportunities in a post-pandemic landscape.
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Feb- 2021 -17 FebruaryEconomy
Scotland extends rates holiday for another year
The Scottish government has confirmed that it is extending 100% of its business rates relief for the hospitality, retail, leisure and aviation sectors for another year. Finance secretary Kate Forbes confirmed the extension earlier this week (16 February) in Holyrood, putting pressure on Rishi Sunak to match the extension in…
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16 FebruaryRetailers
Laings donates ยฃ5,000 to BHF
Luxury jewellers, Laings, has announced that it has donated ยฃ5,000 to the British Heart Foundation (BHF) to help them to continue their work through the pandemic.ย The jewellers previously ran a campaign entitled A Gift from the Heart, to raise awareness of the work that the BHF are doing before…
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16 FebruaryEconomy
Fancy Colour Diamond prices dropped in 2020, reports FCRF
The Fancy Colour Research Foundation (FCRF) has announced the Fancy Color Diamond INDEX results for 2020โs fourth quarter, showing a slight drop in prices over the quarter. Overall, Fancy Colour diamonds decreased by 1% over the year with the industry showing resilience despite the pandemic. The Yellow category of diamond…
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11 FebruaryDesigners
Le Vian launches exclusive Symbols of Protection range
Le Vian has announced the launch of a new range, entitled โSymbols of Protectionโ, which has launched exclusively at Kay Jewellers.ย The โupliftingโ collection was reportedly created in response to the coronavirus pandemic, and features โdifferent iterations and interpretations on the theme of protectionโ. It has reportedly been selling โextremely…
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10 FebruaryInternational
Alrosa diamond sales total ยฃ310m in January
Alrosa has announced that the sales of rough and polished diamonds totalled $430m (ยฃ310m) in January, in its latest set of preliminary results.ย Its latest results included proceeds from rough diamond sales of $421m (ยฃ304m), and polished diamond sales of $9m (ยฃ6.5m). Evgeny Agureev, deputy CEO of Alrosa, said: โJanuary…
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10 FebruaryEconomy
Diamond market to recover fully by 2024
The diamond supply chain is set to return to pre-pandemic levels between 2022 and 2024, according to Bain & Companyโs annual Diamond Industry Report. The report, which was carried out in cooperation with the Antwerp World Diamond Centre (AWDC), revealed that Chinese demand for diamonds is set to bounce back…
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10 FebruaryFeatures
David Berkley QC: Interruption and insurance in the age of Covid
As we emerge from one of the most tumultuous periods in living memory, it perhaps comes as little surprise that insurance has been thrust into the spotlight. The unprecedented impact of the pandemic has brought a renewed focus to the issue of business security and, more specifically, business interruption coverage.ย …
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9 FebruaryRetailers
Notonthehighstreet acquired by US investment firm
Notonthehighstreet has been acquired by Great Hill Partners, an American investment firm. The online gift retailer was founded in 2006 by Holly Tucker and Sophie Cornish, employs more than 150 and manages a marketplace of more than 5,000 small businesses selling more than 250,000 products. The business has seen a…
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4 FebruaryRetailers
โRobustโ online sales offset store closures at Watches of Switzerland
Watches of Switzerland has welcomed a period of strong trading in its third quarter ended 24 January 2021, with group revenue up by 6.6% to ยฃ272.6m despite the ongoing pandemic. This was bolstered by a โrobustโ e-commerce performance in the UK, which offset continued store closures throughout the period.ย UK…
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2 FebruaryTrade Organisations
Benevolent Societyโs Covid hardship fund opens to NAJ members
The Benevolent Societyโs Covid hardship fund is now open to all members of British Allied Trade Federation (BATF), including National Association of Jewellers (NAJ) members. The fund aims to mitigate some of the financial stress on businesses resulting from the pandemic. Among the trade associations who are applicable for the…
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