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 pandemic’s 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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Nov- 2020 -24 NovemberNews
Synova brings DaVinci diamond system to market
Synova has launched the DaVinci system, a diamond shaping solution which transforms rough diamonds into “brilliantly” cut diamonds with up to 57 facets in a single operation. The polishing process within the machine reportedly creates a “smooth final step” to remove remaining thin black carbon layers. Customers are presented with…
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23 NovemberCoronavirus
PM outlines Covid Winter Plan
Boris Johnson has unveiled his ‘Covid Winter Plan’ in the House of Commons this afternoon, whilst outlining England’s return to a three tier system He confirmed that national restrictions in England will end on 2 December and will “not be renewed”. This will mean that non-essential retail, gyms and the…
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20 NovemberEconomy
Holiday engagement rings driving jewellery sales, says De Beers
Engagement rings are driving jewellery sales this holiday season, according to De Beers Group’s latest Diamond Insight ‘Flash’ report. From the group’s interviews with US-based jewellers, bridal sales are the primary source of diamond jewellery demand in recent months. When it came to customers researching engagement rings, online was the…
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18 NovemberEconomy
Rough diamond value falls in Cycle 9, says De Beers
De Beers Group has announced that the value of rough diamond sales slightly declined against the previous cycle for the ninth sales cycle of 2020. Currently, rough diamonds are being provisionally valued at $450m (£338m) for the ninth sales cycle, which is a decrease from the $467m (£351m) sales value…
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13 NovemberAuctions
Largest purple-pink diamond sells for record price
Sotheby’s Geneva has announced the sale of a 14.83-carat pink diamond for $26m (£19.7m), 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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12 NovemberAuctions
Christie’s Geneva sale totals $40m
Christie’s Geneva’s recent ‘Magnificent Jewels’ sale has achieved a total of $40m (£30m), selling 89% of all lots and 100% by value. This season’s sale was held in a new adapted format due to the pandemic, with both a live hybrid and online component, attracting over 1,500 bids from around…
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9 NovemberInternational
Consumers adapting to new normal, says De Beers
De Beers Group has released its 2020 Diamond Insight Report, which highlights new and accelerated trends in the industry with a focus on consumers adapting to the ”new normal”. The report is based on the outcomes of monthly sentiment surveys with US consumers from March to August, and includes research…
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9 NovemberCoronavirus
Pfizer reveals Covid-19 vaccine candidate is 90% effective
A successful Covid-19 vaccine is a step closer after Pfizer/Biontech revealed its vaccine candidate is 90% effective, according to its first interim analysis. The findings, which are well above the 50% effectiveness for a vaccine to be approved, comes following a clinical trial which involved over 43,000 people. Some 42%…
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Oct- 2020 -30 OctoberDesigners
LVMH agrees to reduced Tiffany deal
LVMH has agreed to go through with its acquisition of Tiffany & Co following a lengthy legal battle, albeit for a reduced fee. In an update announced yesterday (29 October) LVHM said it had concluded an agreement with Tiffany “modifying” certain terms of their initial agreement to reflect a new…
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26 OctoberInternational
Rough diamond demand improves despite lower production, De Beers finds
De Beers has announced that rough diamond production fell by 4% to 7.2 million carats in its third quarter, driven by planned reductions in production to reflect the lower demand for rough diamonds amid the pandemic. It comes as Covid-19 related measures remain in place, according to the group, in…
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